34,802 Shares in Vital Farms, Inc. (NASDAQ:VITL) Purchased by FORA Capital LLC

FORA Capital LLC bought a new stake in Vital Farms, Inc. (NASDAQ:VITL) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 34,802 shares of the company’s stock, valued at approximately $1,221,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its holdings in Vital Farms by 8.6% in the 2nd quarter. Van ECK Associates Corp now owns 4,095 shares of the company’s stock valued at $192,000 after purchasing an additional 323 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Vital Farms by 4.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 7,857 shares of the company’s stock worth $276,000 after acquiring an additional 329 shares during the period. Lifestyle Asset Management Inc. lifted its holdings in shares of Vital Farms by 6.5% during the 3rd quarter. Lifestyle Asset Management Inc. now owns 9,846 shares of the company’s stock worth $345,000 after acquiring an additional 598 shares during the period. CWM LLC lifted its holdings in shares of Vital Farms by 162.9% during the 2nd quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $49,000 after acquiring an additional 655 shares during the period. Finally, nVerses Capital LLC increased its position in Vital Farms by 66.7% during 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 in the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VITL has been the subject of a number of research analyst reports. TD Cowen dropped their target price 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, November 8th. DA Davidson increased their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Stifel Nicolaus lowered their price objective 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. Finally, Jefferies Financial Group lowered their price objective 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, November 11th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Vital Farms has a consensus rating of “Moderate Buy” and a consensus price target of $39.20.

Insider Activity

In related news, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $39.09, for a total transaction of $938,160.00. Following the transaction, the insider now directly owns 7,194,777 shares of the company’s stock, valued at $281,243,832.93. The trade was a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Russell Diez-Canseco sold 44,653 shares of Vital Farms stock in a transaction dated Monday, October 14th. The stock was 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 approximately $21,531,574.43. The trade was a 7.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 27.60% of the company’s stock.

Vital Farms Stock Performance

Shares of VITL opened at $32.34 on Thursday. The business’s fifty day moving average price is $34.75 and its 200 day moving average price is $36.76. Vital Farms, Inc. has a 12-month low of $12.44 and a 12-month high of $48.41. The stock has a market capitalization of $1.42 billion, a PE ratio of 28.88 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81.

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

Vital Farms Company 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.