Vital Farms, Inc. (NASDAQ:VITL) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its holdings in Vital Farms, Inc. (NASDAQ:VITL) by 37.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,550 shares of the company’s stock after selling 52,620 shares during the quarter. Alliancebernstein L.P.’s holdings in Vital Farms were worth $3,375,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in Vital Farms by 417.8% during the fourth quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company’s stock worth $91,625,000 after purchasing an additional 1,961,550 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of 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 period. Jupiter Asset Management Ltd. lifted its position in Vital Farms by 96.3% during the fourth quarter. Jupiter Asset Management Ltd. now owns 628,709 shares of the company’s stock worth $23,696,000 after buying an additional 308,425 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of Vital Farms by 30.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 905,354 shares of the company’s stock worth $34,123,000 after acquiring an additional 208,951 shares during the last quarter. Finally, Emerald Advisers LLC boosted its holdings in shares of Vital Farms by 22.3% in the 4th quarter. Emerald Advisers LLC now owns 864,323 shares of the company’s stock valued at $32,576,000 after purchasing an additional 157,883 shares during the last quarter. Institutional investors and hedge funds own 98.59% of the company’s stock.

Insider Activity

In other news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction that occurred on 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 directly owns 7,014,890 shares in the company, valued at approximately $302,973,099.10. This represents a 0.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Kathryn Mckeon sold 12,300 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $44.05, for a total value of $541,815.00. Following the completion of the sale, the chief marketing officer now directly owns 46,203 shares in the company, valued at approximately $2,035,242.15. This trade represents a 21.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,546 shares of company stock worth $3,567,030. 27.60% of the stock is currently owned by corporate insiders.

Vital Farms Price Performance

Shares of NASDAQ VITL opened at $33.62 on Tuesday. 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 fifty-two week low of $24.52 and a fifty-two week high of $48.41. The business has a 50 day moving average price of $32.54 and a two-hundred day moving average price of $35.60. The firm has a market cap of $1.49 billion, a PE ratio of 30.02 and a beta of 0.96.

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

Wall Street Analyst Weigh In

VITL has been the topic of several research analyst reports. Stifel Nicolaus raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Friday, February 28th. TD Cowen boosted their price objective on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. William Blair reiterated an “outperform” rating on shares of Vital Farms in a research note on Friday, February 28th. DA Davidson dropped their target price on Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $52.00 price target on shares of Vital Farms in a report on Thursday, March 13th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $42.00.

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.