74,333 Shares in Vital Farms, Inc. (NASDAQ:VITL) Acquired by Nordea Investment Management AB

Nordea Investment Management AB acquired a new stake in Vital Farms, Inc. (NASDAQ:VITL) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 74,333 shares of the company’s stock, valued at approximately $2,765,000. Nordea Investment Management AB owned about 0.17% of Vital Farms at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in VITL. Marshall Wace LLP grew its stake in shares of Vital Farms by 29.7% during the second quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock worth $43,859,000 after buying an additional 214,839 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Vital Farms by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 253,434 shares of the company’s stock worth $8,888,000 after buying an additional 14,426 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Vital Farms by 10.2% during the third quarter. Franklin Resources Inc. now owns 372,583 shares of the company’s stock worth $13,066,000 after buying an additional 34,412 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of Vital Farms by 882.6% during the third quarter. Quest Partners LLC now owns 20,320 shares of the company’s stock worth $713,000 after purchasing an additional 18,252 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Vital Farms by 57.3% during the third quarter. Barclays PLC now owns 95,444 shares of the company’s stock worth $3,347,000 after purchasing an additional 34,758 shares during the period. 98.59% of the stock is owned by institutional investors.

Vital Farms Trading Up 1.9 %

NASDAQ:VITL opened at $40.13 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The firm has a 50-day moving average of $35.15 and a 200-day moving average of $35.91. The company has a market cap of $1.76 billion, a PE ratio of 35.83 and a beta of 0.88. Vital Farms, Inc. has a one year low of $14.16 and a one year high of $48.41.

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

Analyst Ratings Changes

A number of brokerages have recently commented on VITL. TD Cowen lifted their price target on shares of Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday. DA Davidson boosted their target price on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Jefferies Financial Group dropped their target price on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Finally, Craig Hallum started coverage on shares of Vital Farms in a report on Friday, December 20th. They set a “buy” rating and a $50.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vital Farms currently has an average rating of “Moderate Buy” and an average target price of $41.67.

Insider Transactions at Vital Farms

In other Vital Farms news, 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 transaction, the chief executive officer now directly owns 537,349 shares in the company, valued at $21,531,574.43. The trade was a 7.67 % 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, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $38.19, for a total transaction of $916,560.00. Following the completion of the transaction, the insider now owns 7,038,890 shares in the company, valued at approximately $268,815,209.10. The trade was a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,381 shares of company stock valued at $5,328,422 over the last three months. Corporate insiders own 27.60% of the company’s stock.

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.