Green Alpha Advisors LLC Sells 8,785 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Green Alpha Advisors LLC reduced its position in Vital Farms, Inc. (NASDAQ:VITLFree Report) by 16.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,627 shares of the company’s stock after selling 8,785 shares during the quarter. Vital Farms makes up about 1.3% of Green Alpha Advisors LLC’s holdings, making the stock its 21st largest position. Green Alpha Advisors LLC owned about 0.10% of Vital Farms worth $1,644,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. purchased a new stake in Vital Farms in the 3rd quarter worth about $35,000. Quarry LP boosted its position in Vital Farms by 180.4% during the second 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. Quest Partners LLC purchased a new position in shares of Vital Farms in the second quarter worth about $97,000. nVerses Capital LLC raised its position in shares of Vital Farms by 130.0% in the third quarter. nVerses Capital LLC now owns 4,600 shares of the company’s stock valued at $161,000 after purchasing an additional 2,600 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Vital Farms during the 2nd quarter valued at approximately $168,000. 98.59% of the stock is currently owned by institutional investors.

Insider Activity

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $38.19, for a total value of $916,560.00. Following the completion of the sale, the insider now owns 7,038,890 shares of the company’s stock, valued at $268,815,209.10. This represents a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Russell Diez-Canseco sold 44,728 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $37.66, for a total transaction of $1,684,456.48. Following the transaction, the chief executive officer now owns 613,797 shares in the company, valued at $23,115,595.02. The trade was a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,728 shares of company stock worth $3,539,176. 27.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VITL. Jefferies Financial Group reduced 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 note on Monday, November 11th. Craig Hallum assumed coverage on Vital Farms in a research report on Friday, December 20th. They issued a “buy” rating and a $50.00 price target for the company. TD Cowen increased their price objective on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, DA Davidson raised their target price on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.67.

Check Out Our Latest Stock Report on Vital Farms

Vital Farms Price Performance

Shares of NASDAQ VITL opened at $40.13 on Monday. The stock’s 50-day simple moving average is $35.15 and its two-hundred day simple moving average is $35.83. Vital Farms, Inc. has a twelve month low of $14.16 and a twelve month high of $48.41. The firm has a market capitalization of $1.76 billion, a P/E ratio of 35.83 and a beta of 0.88. 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 (NASDAQ:VITLGet Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.16 earnings per share 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 22.29%. The company had revenue of $145.00 million for the quarter, compared to analysts’ expectations of $145.27 million. During the same period in the prior year, the business earned $0.10 earnings per share. Vital Farms’s revenue for the quarter was up 31.3% compared to the same quarter last year. As a group, equities analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Vital Farms Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vital Farms (NASDAQ:VITL)

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