Jupiter Asset Management Ltd. Takes $1.94 Million Position in Vital Farms, Inc. (NASDAQ:VITL)

Jupiter Asset Management Ltd. acquired a new position in shares of Vital Farms, Inc. (NASDAQ:VITL) in the 2nd quarter, HoldingsChannel reports. The firm acquired 41,405 shares of the company’s stock, valued at approximately $1,937,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. 1620 Investment Advisors Inc. purchased a new stake in shares of Vital Farms in the 2nd quarter valued at approximately $42,000. CWM LLC lifted its holdings in Vital Farms by 162.9% in the second quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after acquiring an additional 655 shares during the last quarter. nVerses Capital LLC grew its position in 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 acquiring an additional 800 shares during the period. Quest Partners LLC acquired a new stake in Vital Farms during the second quarter worth $97,000. Finally, New York State Common Retirement Fund raised its position in Vital Farms by 49.0% in the fourth quarter. New York State Common Retirement Fund now owns 10,169 shares of the company’s stock valued at $160,000 after purchasing an additional 3,346 shares during the period. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Vital Farms

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,381 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $43.71, for a total transaction of $1,939,893.51. Following the sale, the chief executive officer now directly owns 427,839 shares in the company, valued at approximately $18,700,842.69. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Russell Diez-Canseco sold 44,381 shares of the business’s stock in a transaction 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 directly 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 Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $39.58, for a total value of $949,920.00. Following the sale, the insider now owns 7,266,777 shares in the company, valued at approximately $287,619,033.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,381 shares of company stock worth $3,911,254. Corporate insiders own 30.20% of the company’s stock.

Vital Farms Trading Up 2.3 %

Shares of NASDAQ VITL opened at $31.35 on Friday. The company has a current ratio of 3.50, a quick ratio of 3.03 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.32 billion, a PE ratio of 36.88 and a beta of 0.96. Vital Farms, Inc. has a twelve month low of $10.41 and a twelve month high of $48.41. The stock has a fifty day simple moving average of $34.86 and a 200-day simple moving average of $32.82.

Vital Farms (NASDAQ:VITL) last announced its earnings results on Thursday, August 8th. The company reported $0.36 EPS for the quarter, beating 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%. Vital Farms’s revenue for the quarter was up 38.5% on a year-over-year basis. During the same period last year, the business posted $0.15 EPS. On average, equities analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Wall Street Analyst Weigh In

VITL has been the subject of a number of research analyst reports. TD Cowen upgraded 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. Stifel Nicolaus decreased their target price 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Vital Farms presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.60.

About Vital Farms

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.