Sei Investments Co. Buys 62,325 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Sei Investments Co. boosted its position in Vital Farms, Inc. (NASDAQ:VITL) by 242.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,037 shares of the company’s stock after acquiring an additional 62,325 shares during the period. Sei Investments Co. owned 0.21% of Vital Farms worth $4,117,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VITL. 1620 Investment Advisors Inc. acquired a new stake in Vital Farms during the 2nd quarter worth $42,000. CWM LLC grew its stake in shares of Vital Farms by 162.9% during the second quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $49,000 after purchasing an additional 655 shares during the period. nVerses Capital LLC increased its holdings in Vital Farms by 66.7% in the second quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock valued at $94,000 after purchasing an additional 800 shares during the last quarter. Quest Partners LLC acquired a new position in Vital Farms in the second quarter valued at about $97,000. Finally, Canada Pension Plan Investment Board bought a new position in Vital Farms during the second quarter worth about $168,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Vital Farms Stock Down 0.3 %

Vital Farms stock opened at $36.06 on Thursday. The company has a 50 day moving average of $32.85 and a 200-day moving average of $34.25. 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 twelve month low of $10.41 and a twelve month high of $48.41. The stock has a market capitalization of $1.52 billion, a PE ratio of 42.42 and a beta of 0.97.

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

Insider Activity at Vital Farms

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,381 shares of the company’s 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 completion of the transaction, the chief executive officer now owns 427,839 shares of the company’s stock, valued at approximately $18,700,842.69. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Russell Diez-Canseco sold 44,381 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 427,839 shares in the company, valued at approximately $18,700,842.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction dated 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 sale, the insider now directly owns 7,266,777 shares in the company, valued at approximately $287,619,033.66. The disclosure for this sale can be found here. 30.20% of the stock is owned by insiders.

Vital Farms Profile

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.