Driehaus Capital Management LLC Has $31.91 Million Stake in Vital Farms, Inc. (NASDAQ:VITL)

Driehaus Capital Management LLC trimmed its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL) by 1.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 682,186 shares of the company’s stock after selling 7,396 shares during the period. Driehaus Capital Management LLC’s holdings in Vital Farms were worth $31,906,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Vital Farms in the second quarter valued at about $362,000. Millennium Management LLC grew its position in shares of Vital Farms by 651.3% in the second quarter. Millennium Management LLC now owns 494,153 shares of the company’s stock valued at $23,112,000 after purchasing an additional 428,382 shares during the last quarter. AQR Capital Management LLC grew its position in Vital Farms by 317.9% during the second quarter. AQR Capital Management LLC now owns 74,161 shares of the company’s stock worth $3,469,000 after buying an additional 56,414 shares in the last quarter. Squarepoint Ops LLC grew its position in Vital Farms by 230.8% during the second quarter. Squarepoint Ops LLC now owns 230,940 shares of the company’s stock worth $10,801,000 after buying an additional 161,131 shares in the last quarter. Finally, Marshall Wace LLP grew its position in Vital Farms by 29.7% during the second quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock worth $43,859,000 after buying an additional 214,839 shares in the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Russell Diez-Canseco sold 44,381 shares of Vital Farms stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $43.71, for a total value of $1,939,893.51. Following the completion of the transaction, the chief executive officer now owns 427,839 shares in the company, valued at $18,700,842.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $39.58, for a total value of $949,920.00. Following the completion of the transaction, the insider now owns 7,266,777 shares in the company, valued at approximately $287,619,033.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Russell Diez-Canseco sold 44,381 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $43.71, for a total value of $1,939,893.51. Following the transaction, the chief executive officer now directly owns 427,839 shares in the company, valued at approximately $18,700,842.69. The disclosure for this sale can be found here. 30.20% of the stock is currently owned by corporate insiders.

Vital Farms Stock Up 0.9 %

Shares of VITL opened at $35.13 on Friday. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 41.33 and a beta of 0.96. The company has a quick ratio of 3.03, a current ratio of 3.50 and a debt-to-equity ratio of 0.04. Vital Farms, Inc. has a 12 month low of $10.41 and a 12 month high of $48.41. The company has a 50-day moving average price of $33.00 and a two-hundred day moving average price of $33.95.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.16. Vital Farms had a net margin of 8.70% and a return on equity of 22.77%. The firm had revenue of $147.39 million during the quarter, compared to analysts’ expectations of $138.41 million. During the same quarter last year, the company earned $0.15 earnings per share. The company’s revenue for the quarter was up 38.5% compared to the same quarter last year. Equities analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VITL shares. TD Cowen raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Friday, August 9th. Stifel Nicolaus decreased their target price on Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.60.

About Vital Farms

Vital Farms, Inc, a food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.