Squarepoint Ops LLC Has $10.80 Million Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Squarepoint Ops LLC lifted its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL) by 230.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 230,940 shares of the company’s stock after purchasing an additional 161,131 shares during the quarter. Squarepoint Ops LLC owned 0.55% of Vital Farms worth $10,801,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Marshall Wace LLP raised its holdings in Vital Farms by 29.7% in the 2nd quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock valued at $43,859,000 after acquiring an additional 214,839 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Vital Farms by 242.4% during the 2nd quarter. Sei Investments Co. now owns 88,037 shares of the company’s stock worth $4,117,000 after purchasing an additional 62,325 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Vital Farms in the second quarter worth $168,000. Divisadero Street Capital Management LP acquired a new position in Vital Farms in the second quarter valued at about $5,591,000. Finally, Seven Eight Capital LP bought a new stake in Vital Farms during the second quarter worth about $314,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on VITL. TD Cowen raised shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Friday, August 9th. Stifel Nicolaus reduced their price target on shares of 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 equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.60.

Insider Buying and Selling

In other news, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $39.58, for a total transaction of $949,920.00. Following the sale, the insider now directly owns 7,266,777 shares of the company’s stock, valued at $287,619,033.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Matthew Ohayer sold 24,000 shares of the firm’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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Russell Diez-Canseco sold 44,381 shares of Vital Farms stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $43.71, for a total transaction of $1,939,893.51. Following the sale, the chief executive officer now owns 427,839 shares in the company, valued at $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 %

VITL stock opened at $35.13 on Friday. The stock has a market capitalization of $1.48 billion, a P/E ratio of 41.33 and a beta of 0.96. The company has a current ratio of 3.50, a quick ratio of 3.03 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $33.00 and a 200-day moving average price of $33.95. Vital Farms, Inc. has a 12 month low of $10.41 and a 12 month high of $48.41.

Vital Farms (NASDAQ:VITL) last issued its earnings results on Thursday, August 8th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.16. The firm had revenue of $147.39 million for the quarter, compared to analyst estimates of $138.41 million. Vital Farms had a net margin of 8.70% and a return on equity of 22.77%. The company’s quarterly revenue was up 38.5% on a year-over-year basis. During the same quarter last year, the business posted $0.15 earnings per share. As a group, equities research analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

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.