Victory Capital Management Inc. Buys 4,351 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Victory Capital Management Inc. grew its stake in shares of Vital Farms, Inc. (NASDAQ:VITL) by 19.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 26,855 shares of the company’s stock after purchasing an additional 4,351 shares during the period. Victory Capital Management Inc.’s holdings in Vital Farms were worth $1,012,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB bought a new stake in Vital Farms during the 4th quarter worth approximately $2,765,000. JPMorgan Chase & Co. increased its holdings in Vital Farms by 38.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 266,398 shares of the company’s stock worth $9,343,000 after purchasing an additional 74,593 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Vital Farms by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 253,434 shares of the company’s stock worth $8,888,000 after purchasing an additional 14,426 shares in the last quarter. Franklin Resources Inc. increased its holdings in Vital Farms by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 372,583 shares of the company’s stock worth $13,066,000 after purchasing an additional 34,412 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Vital Farms during the 4th quarter worth approximately $699,000. 98.59% of the stock is owned by institutional investors.

Vital Farms Price Performance

Vital Farms stock opened at $29.52 on Friday. Vital Farms, Inc. has a 12 month low of $22.62 and a 12 month high of $48.41. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. The business’s 50 day simple moving average is $36.58 and its 200 day simple moving average is $35.61. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 26.36 and a beta of 0.95.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The business had revenue of $165.99 million for the quarter, compared to the consensus estimate of $160.32 million. Sell-side analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current year.

Insider Activity at Vital Farms

In other Vital Farms news, CMO Kathryn Mckeon sold 12,300 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $42.08, for a total transaction of $517,584.00. Following the sale, the chief marketing officer now owns 46,203 shares of the company’s stock, valued at $1,944,222.24. The trade was a 21.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joanne Bal sold 28,246 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $45.10, for a total transaction of $1,273,894.60. Following the sale, the insider now directly owns 59,371 shares in the company, valued at $2,677,632.10. The trade was a 32.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,474 shares of company stock worth $5,254,940. Insiders own 27.60% of the company’s stock.

Wall Street Analyst Weigh In

VITL has been the topic of a number of research analyst reports. DA Davidson cut their target price on Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. William Blair restated an “outperform” rating on shares of Vital Farms in a research note on Friday, February 28th. Craig Hallum initiated coverage on Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 target price on the stock. TD Cowen boosted their target price on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus upgraded Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Friday, February 28th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $43.71.

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.