Teacher Retirement System of Texas Sells 14,002 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Teacher Retirement System of Texas trimmed its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL) by 36.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,346 shares of the company’s stock after selling 14,002 shares during the quarter. Teacher Retirement System of Texas’ holdings in Vital Farms were worth $918,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in VITL. US Bancorp DE raised its stake in Vital Farms by 160.3% in the fourth quarter. US Bancorp DE now owns 1,416 shares of the company’s stock valued at $53,000 after purchasing an additional 872 shares in the last quarter. Mendota Financial Group LLC bought a new position in shares of Vital Farms in the 4th quarter worth $62,000. Principal Securities Inc. raised its position in shares of Vital Farms by 29.4% during the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company’s stock valued at $63,000 after buying an additional 380 shares in the last quarter. Rothschild Investment LLC raised its position in shares of Vital Farms by 191.2% during the 4th quarter. Rothschild Investment LLC now owns 1,814 shares of the company’s stock valued at $68,000 after buying an additional 1,191 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Vital Farms by 87.1% during the 3rd quarter. Quarry LP now owns 2,414 shares of the company’s stock worth $85,000 after acquiring an additional 1,124 shares during the last quarter. 98.59% of the stock is currently owned by institutional investors.

Vital Farms Stock Performance

Shares of VITL stock opened at $29.72 on Friday. 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 company’s fifty day moving average price is $35.18 and its 200-day moving average price is $35.65. The stock has a market cap of $1.32 billion, a PE ratio of 26.54 and a beta of 0.95. Vital Farms, Inc. has a 12 month low of $23.04 and a 12 month high of $48.41.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The company had revenue of $165.99 million during the quarter, compared to analyst estimates of $160.32 million. On average, equities analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling at Vital Farms

In related news, CMO Kathryn Mckeon sold 12,300 shares of Vital Farms stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $42.08, for a total value of $517,584.00. Following the completion of the sale, the chief marketing officer now directly owns 46,203 shares in the company, valued at approximately $1,944,222.24. This trade represents a 21.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew Ohayer sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $29.46, for a total transaction of $589,200.00. Following the transaction, the insider now owns 6,970,890 shares in the company, valued at $205,362,419.40. This represents a 0.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 145,474 shares of company stock worth $5,969,700. Insiders own 27.60% of the company’s stock.

Analyst Upgrades and Downgrades

VITL has been the topic of a number of research reports. DA Davidson decreased their price objective on Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Stifel Nicolaus upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Friday, February 28th. Telsey Advisory Group restated an “outperform” rating and issued a $52.00 price objective on shares of Vital Farms in a report on Thursday, March 13th. William Blair reaffirmed an “outperform” rating on shares of Vital Farms in a research note on Friday, February 28th. Finally, Craig Hallum assumed coverage on shares of Vital Farms in a research report on Friday, December 20th. They issued a “buy” rating and a $50.00 target price on the stock. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $42.00.

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.