Vital Farms, Inc. (NASDAQ:VITL) Holdings Lifted by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its position in Vital Farms, Inc. (NASDAQ:VITL) by 27.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,301 shares of the company’s stock after purchasing an additional 1,763 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Vital Farms were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. 1620 Investment Advisors Inc. acquired a new stake in Vital Farms during the second quarter valued at approximately $42,000. CWM LLC boosted its position in Vital Farms by 162.9% during the second quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after purchasing an additional 655 shares during the last quarter. Quarry LP increased its stake in shares of Vital Farms by 180.4% during the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after purchasing an additional 830 shares during the last quarter. nVerses Capital LLC lifted its position in shares of Vital Farms by 66.7% in the second quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock worth $94,000 after buying an additional 800 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in Vital Farms during the second quarter valued at approximately $97,000. Institutional investors own 98.59% of the company’s stock.

Insider Buying and Selling

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $39.09, for a total value of $938,160.00. Following the completion of the transaction, the insider now directly owns 7,194,777 shares in the company, valued at approximately $281,243,832.93. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $39.09, for a total value of $938,160.00. Following the transaction, the insider now directly owns 7,194,777 shares of the company’s stock, valued at $281,243,832.93. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Russell Diez-Canseco sold 44,653 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $40.07, for a total value of $1,789,245.71. Following the completion of the transaction, the chief executive officer now directly owns 537,349 shares in the company, valued at $21,531,574.43. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 27.60% of the stock is owned by corporate insiders.

Vital Farms Stock Down 0.3 %

Vital Farms stock opened at $34.56 on Monday. Vital Farms, Inc. has a fifty-two week low of $11.18 and a fifty-two week high of $48.41. The firm has a market capitalization of $1.49 billion, a PE ratio of 32.60 and a beta of 0.97. The company’s 50-day moving average is $34.79 and its 200-day moving average is $36.36. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.50 and a quick ratio of 3.03.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings data 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 company 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 business’s revenue was up 38.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.15 earnings per share. Sell-side analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on VITL shares. DA Davidson raised their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. TD Cowen upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Friday, August 9th. Finally, Stifel Nicolaus decreased their price objective on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.50.

Vital Farms Company 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.