Versor Investments LP Grows Stock Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Versor Investments LP raised its stake in Vital Farms, Inc. (NASDAQ:VITL) by 336.8% during the third quarter, Holdings Channel reports. The firm owned 31,012 shares of the company’s stock after purchasing an additional 23,912 shares during the period. Versor Investments LP’s holdings in Vital Farms were worth $1,088,000 at the end of the most recent quarter.

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

Insider Activity

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,653 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 537,349 shares in the company, valued at $21,531,574.43. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Vital Farms news, CEO Russell Diez-Canseco sold 44,653 shares of the business’s stock in a transaction dated 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 completion of the transaction, 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $39.09, for a total transaction of $938,160.00. Following the sale, the insider now directly owns 7,194,777 shares of the company’s stock, valued at approximately $281,243,832.93. 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 owned by company insiders.

Vital Farms Stock Performance

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

Vital Farms (NASDAQ:VITL) last posted 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. Vital Farms had a net margin of 8.68% and a return on equity of 23.29%. The company had revenue of $145.00 million for the quarter, compared to the consensus estimate of $145.27 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The business’s revenue was up 31.3% compared to the same quarter last year. Equities research analysts anticipate that Vital Farms, Inc. will post 1.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on VITL shares. DA Davidson lifted their target price on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Stifel Nicolaus decreased their target price on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Jefferies Financial Group cut their price target on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday. Finally, TD Cowen cut their price target on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a report on Friday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $39.20.

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.