Intech Investment Management LLC Makes New $301,000 Investment in Vital Farms, Inc. (NASDAQ:VITL)

Intech Investment Management LLC bought a new position in shares of Vital Farms, Inc. (NASDAQ:VITL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,572 shares of the company’s stock, valued at approximately $301,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Van ECK Associates Corp boosted its position in shares of Vital Farms by 8.6% in the 2nd quarter. Van ECK Associates Corp now owns 4,095 shares of the company’s stock worth $192,000 after purchasing an additional 323 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Vital Farms by 4.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 7,857 shares of the company’s stock worth $276,000 after purchasing an additional 329 shares in the last quarter. Lifestyle Asset Management Inc. boosted its position in shares of Vital Farms by 6.5% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 9,846 shares of the company’s stock worth $345,000 after purchasing an additional 598 shares in the last quarter. CWM LLC boosted its position in shares of Vital Farms by 162.9% in the 2nd quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $49,000 after purchasing an additional 655 shares in the last quarter. Finally, nVerses Capital LLC boosted its position in shares of Vital Farms by 66.7% in the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock worth $94,000 after purchasing an additional 800 shares in the last quarter. 98.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. DA Davidson boosted their price target on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Jefferies Financial Group dropped their price target on Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Stifel Nicolaus lowered their price objective 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. Finally, TD Cowen lowered their price objective on Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Vital Farms has a consensus rating of “Moderate Buy” and a consensus target price of $39.20.

Vital Farms Stock Performance

Shares of NASDAQ:VITL opened at $34.23 on Thursday. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 30.48 and a beta of 0.93. Vital Farms, Inc. has a 52 week low of $13.80 and a 52 week high of $48.41. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $34.71 and a 200 day moving average of $36.62.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $145.00 million for the quarter, compared to the consensus estimate of $145.27 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The business’s quarterly revenue was up 31.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 earnings per share. On average, sell-side analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Vital Farms

In other news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $39.09, for a total transaction of $938,160.00. Following the sale, the insider now directly owns 7,194,777 shares of the company’s stock, valued at $281,243,832.93. This represents a 0.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Russell Diez-Canseco sold 44,653 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the transaction, the chief executive officer now owns 537,349 shares of the company’s stock, valued at approximately $21,531,574.43. This trade represents a 7.67 % decrease in their position. The disclosure for this sale can be found here. 27.60% of the stock is owned by corporate 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.