Vital Farms, Inc. (NASDAQ:VITL) Shares Bought by State Street Corp

State Street Corp lifted its stake in shares of Vital Farms, Inc. (NASDAQ:VITL) by 0.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 717,793 shares of the company’s stock after buying an additional 604 shares during the quarter. State Street Corp’s holdings in Vital Farms were worth $25,173,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new position in Vital Farms during the 3rd quarter valued at $35,000. Quarry LP lifted its position in shares of Vital Farms by 180.4% during the second 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% during the second quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock worth $94,000 after purchasing an additional 800 shares during the last quarter. Quest Partners LLC acquired a new position in Vital Farms in the second quarter worth about $97,000. Finally, Canada Pension Plan Investment Board bought a new stake in Vital Farms in the second quarter valued at about $168,000. Institutional investors and hedge funds own 98.59% of the company’s stock.

Insiders Place Their Bets

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,653 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 537,349 shares in the company, valued at approximately $21,531,574.43. The trade was a 7.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 7,194,777 shares of the company’s stock, valued at approximately $281,243,832.93. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,381 shares of company stock worth $4,411,862. Insiders own 27.60% of the company’s stock.

Analyst Ratings Changes

VITL has been the subject of several research reports. DA Davidson lifted their target price on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. TD Cowen decreased their price objective on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating for the company in a report on Friday, November 8th. Craig Hallum initiated coverage on shares of Vital Farms in a report on Friday. They set a “buy” rating and a $50.00 target price on the stock. Finally, Jefferies Financial Group reduced their price target on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Vital Farms Price Performance

Shares of VITL opened at $39.69 on Monday. Vital Farms, Inc. has a 12 month low of $14.16 and a 12 month high of $48.41. 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 stock has a fifty day moving average price of $34.83 and a 200 day moving average price of $36.32. The company has a market cap of $1.74 billion, a P/E ratio of 35.44 and a beta of 0.93.

Vital Farms (NASDAQ:VITL) last released its quarterly 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. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The business had revenue of $145.00 million during the quarter, compared to analyst estimates of $145.27 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. The company’s quarterly revenue was up 31.3% on a year-over-year basis. On average, research analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

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.