Vital Farms, Inc. (NASDAQ:VITL) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in Vital Farms, Inc. (NASDAQ:VITL) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 761,380 shares of the company’s stock after purchasing an additional 11,721 shares during the quarter. Geode Capital Management LLC’s holdings in Vital Farms were worth $28,703,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in shares of Vital Farms by 417.8% in the 4th quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company’s stock valued at $91,625,000 after purchasing an additional 1,961,550 shares during the last quarter. Vanguard Group Inc. raised its holdings in Vital Farms by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 2,236,848 shares of the company’s stock valued at $84,307,000 after buying an additional 87,980 shares during the period. Principal Financial Group Inc. raised its holdings in Vital Farms by 78.7% in the 4th quarter. Principal Financial Group Inc. now owns 1,171,950 shares of the company’s stock valued at $44,172,000 after buying an additional 516,139 shares during the period. William Blair Investment Management LLC lifted its position in Vital Farms by 10.4% in the fourth quarter. William Blair Investment Management LLC now owns 955,895 shares of the company’s stock valued at $36,028,000 after buying an additional 89,772 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in Vital Farms by 30.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 905,354 shares of the company’s stock worth $34,123,000 after buying an additional 208,951 shares during the period. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Vital Farms

In other news, CEO Russell Diez-Canseco sold 45,124 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $33.69, for a total value of $1,520,227.56. Following the transaction, the chief executive officer now owns 703,736 shares in the company, valued at approximately $23,708,865.84. This represents a 6.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Matthew Ohayer sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $29.46, for a total value of $589,200.00. Following the sale, the insider now directly owns 6,970,890 shares in the company, valued at $205,362,419.40. This trade represents a 0.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,124 shares of company stock worth $3,271,548 over the last ninety days. Corporate insiders own 27.60% of the company’s stock.

Vital Farms Stock Down 0.1 %

Shares of NASDAQ:VITL opened at $32.99 on Friday. Vital Farms, Inc. has a fifty-two week low of $24.75 and a fifty-two week high of $48.41. The firm’s 50 day moving average price is $32.36 and its 200 day moving average price is $35.55. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 29.46 and a beta of 0.96.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. The business 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%. As a group, equities research analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on VITL shares. William Blair reissued an “outperform” rating on shares of Vital Farms in a research note on Friday, February 28th. Craig Hallum initiated coverage on Vital Farms in a research report on Friday, December 20th. They issued a “buy” rating and a $50.00 target price on the stock. Morgan Stanley decreased their price target on Vital Farms from $40.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday. Stifel Nicolaus raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Friday, February 28th. Finally, TD Cowen increased their target price on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $43.13.

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.