1,000 Shares in Vital Farms, Inc. (NASDAQ:VITL) Purchased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. bought a new stake in shares of Vital Farms, Inc. (NASDAQ:VITL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,000 shares of the company’s stock, valued at approximately $35,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Millennium Management LLC increased its stake in shares of Vital Farms by 651.3% during the second quarter. Millennium Management LLC now owns 494,153 shares of the company’s stock valued at $23,112,000 after acquiring an additional 428,382 shares during the period. Emerald Advisers LLC raised its stake in shares of Vital Farms by 106.8% in the 3rd quarter. Emerald Advisers LLC now owns 706,440 shares of the company’s stock worth $24,775,000 after buying an additional 364,837 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Vital Farms by 73.0% in the 2nd quarter. Renaissance Technologies LLC now owns 784,153 shares of the company’s stock worth $36,675,000 after buying an additional 331,000 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Vital Farms by 73.6% in the second quarter. Acadian Asset Management LLC now owns 679,504 shares of the company’s stock valued at $31,766,000 after buying an additional 288,039 shares during the period. Finally, Emerald Mutual Fund Advisers Trust bought a new position in Vital Farms during the second quarter valued at about $12,824,000. 98.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VITL. Stifel Nicolaus cut their price target on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a report on Friday, August 9th. TD Cowen cut 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 note on Friday, November 8th. DA Davidson lifted their price target on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group cut their price objective on 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 equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.20.

Vital Farms Price Performance

VITL opened at $32.34 on Friday. The firm has a market capitalization of $1.42 billion, a P/E ratio of 28.88 and a beta of 0.97. The stock has a fifty day moving average of $34.76 and a 200-day moving average of $36.73. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. Vital Farms, Inc. has a 12-month low of $12.44 and a 12-month high of $48.41.

Vital Farms (NASDAQ:VITL) last released its earnings results on Thursday, November 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The company 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 business’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 EPS. Equities analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Insiders Place Their Bets

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 transaction, the insider now directly owns 7,194,777 shares of the company’s stock, valued at approximately $281,243,832.93. This represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Russell Diez-Canseco sold 44,653 shares of Vital Farms stock in a transaction on Monday, October 14th. The shares were sold at an average price of $40.07, for a total value of $1,789,245.71. Following the sale, the chief executive officer now directly owns 537,349 shares of the company’s stock, valued at approximately $21,531,574.43. The trade was a 7.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 27.60% of the company’s stock.

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.