Vital Farms, Inc. (NASDAQ:VITL) Shares Bought by US Bancorp DE

US Bancorp DE grew its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL) by 160.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,416 shares of the company’s stock after purchasing an additional 872 shares during the quarter. US Bancorp DE’s holdings in Vital Farms were worth $53,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VITL. Principal Financial Group Inc. boosted its stake in Vital Farms by 78.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,171,950 shares of the company’s stock worth $44,172,000 after purchasing an additional 516,139 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Vital Farms during the 3rd quarter worth $16,464,000. Wasatch Advisors LP purchased a new position in shares of Vital Farms during the 3rd quarter worth $9,894,000. Impax Asset Management Group plc purchased a new position in shares of Vital Farms during the 4th quarter worth $4,711,000. Finally, Two Sigma Advisers LP raised its holdings in shares of Vital Farms by 67.5% during the 3rd quarter. Two Sigma Advisers LP now owns 300,900 shares of the company’s stock worth $10,553,000 after acquiring an additional 121,300 shares during the period. Institutional investors and hedge funds own 98.59% of the company’s stock.

Insiders Place Their Bets

In other Vital Farms news, insider Joanne Bal sold 28,246 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $45.10, for a total transaction of $1,273,894.60. Following the sale, the insider now directly owns 59,371 shares in the company, valued at $2,677,632.10. This represents a 32.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $43.19, for a total transaction of $1,036,560.00. Following the sale, the insider now owns 7,014,890 shares in the company, valued at $302,973,099.10. This trade represents a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 145,474 shares of company stock worth $6,171,500 over the last three months. Company insiders own 27.60% of the company’s stock.

Analyst Upgrades and Downgrades

VITL has been the topic of several analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $52.00 price target on shares of Vital Farms in a report on Thursday, March 13th. TD Cowen lifted their price target on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Craig Hallum began coverage on shares of Vital Farms in a report on Friday, December 20th. They issued a “buy” rating and a $50.00 price objective on the stock. Stifel Nicolaus upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Friday, February 28th. Finally, DA Davidson reduced their price objective on shares of Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, Vital Farms has a consensus rating of “Buy” and a consensus price target of $43.71.

Vital Farms Stock Down 6.3 %

Shares of VITL opened at $29.59 on Wednesday. The firm has a market cap of $1.31 billion, a P/E ratio of 26.42 and a beta of 0.95. Vital Farms, Inc. has a 12-month low of $22.30 and a 12-month high of $48.41. The company’s 50-day moving average price is $36.98 and its 200 day moving average price is $35.69. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The company had revenue of $165.99 million for the quarter, compared to analyst estimates of $160.32 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. On average, sell-side analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Vital Farms 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.