GSA Capital Partners LLP Lowers Stock Holdings in Vital Farms, Inc. (NASDAQ:VITL)

GSA Capital Partners LLP trimmed its stake in Vital Farms, Inc. (NASDAQ:VITL) by 18.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,379 shares of the company’s stock after selling 25,246 shares during the period. Vital Farms comprises 0.3% of GSA Capital Partners LLP’s holdings, making the stock its 11th biggest holding. GSA Capital Partners LLP owned about 0.26% of Vital Farms worth $3,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. purchased a new stake in Vital Farms in the 2nd quarter valued at about $42,000. CWM LLC lifted its position in shares of Vital Farms by 162.9% in the 2nd quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $49,000 after purchasing an additional 655 shares during the period. Quarry LP lifted its position in shares of Vital Farms by 180.4% in the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after purchasing an additional 830 shares during the period. nVerses Capital LLC lifted its position in shares of Vital Farms by 66.7% in the 2nd 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 period. Finally, Quest Partners LLC purchased a new stake in shares of Vital Farms in the 2nd quarter worth approximately $97,000. 98.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. TD Cowen lowered their price target on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating for the company in a research report on Friday. Stifel Nicolaus lowered their price target on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Jefferies Financial Group lowered their price target on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Monday. Finally, DA Davidson boosted their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Vital Farms presently has an average rating of “Moderate Buy” and an average price target of $39.20.

Vital Farms Trading Down 5.3 %

NASDAQ VITL opened at $29.28 on Tuesday. The company has a quick ratio of 3.03, a current ratio of 3.50 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.26 billion, a PE ratio of 26.14 and a beta of 0.97. The company has a 50 day moving average price of $34.96 and a 200 day moving average price of $36.74. Vital Farms, Inc. has a 52 week low of $11.72 and a 52 week high of $48.41.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Vital Farms had a net margin of 8.68% and a return on equity of 23.29%. The business had revenue of $145.00 million for the quarter, compared to analyst estimates of $145.27 million. During the same quarter in the prior year, the business posted $0.10 EPS. Vital Farms’s revenue for the quarter was up 31.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Vital Farms, Inc. will post 1.1 EPS for the current fiscal year.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,653 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the transaction, the chief executive officer now owns 537,349 shares in the company, valued at approximately $21,531,574.43. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $39.09, for a total value of $938,160.00. Following the sale, the insider now directly owns 7,194,777 shares of the company’s stock, valued at $281,243,832.93. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Russell Diez-Canseco sold 44,653 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the completion of the sale, the chief executive officer now directly owns 537,349 shares in the company, valued at $21,531,574.43. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 27.60% of the stock is currently owned by company insiders.

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.