Vital Farms, Inc. (NASDAQ:VITL) Shares Sold by XTX Topco Ltd

XTX Topco Ltd decreased its holdings in Vital Farms, Inc. (NASDAQ:VITL) by 73.1% in the first quarter, Holdings Channel reports. The fund owned 7,410 shares of the company’s stock after selling 20,146 shares during the period. XTX Topco Ltd’s holdings in Vital Farms were worth $226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP raised its position in Vital Farms by 417.8% in the fourth 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 period. Principal Financial Group Inc. grew its position in shares of Vital Farms by 3.2% during the first quarter. Principal Financial Group Inc. now owns 1,209,564 shares of the company’s stock worth $36,855,000 after acquiring an additional 37,614 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of Vital Farms by 64.6% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,058,753 shares of the company’s stock worth $39,904,000 after buying an additional 415,614 shares during the last quarter. Emerald Advisers LLC grew its position in Vital Farms by 13.2% in the 1st quarter. Emerald Advisers LLC now owns 978,197 shares of the company’s stock valued at $29,806,000 after buying an additional 113,874 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Vital Farms by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 901,537 shares of the company’s stock valued at $33,978,000 after acquiring an additional 59,397 shares in the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Matthew Ohayer sold 30,000 shares of Vital Farms stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $39.17, for a total transaction of $1,175,100.00. Following the completion of the sale, the insider owned 6,858,890 shares of the company’s stock, valued at approximately $268,662,721.30. This trade represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thilo Wrede sold 1,200 shares of Vital Farms stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $38.97, for a total transaction of $46,764.00. Following the completion of the sale, the chief financial officer owned 56,187 shares of the company’s stock, valued at $2,189,607.39. This trade represents a 2.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,400 shares of company stock valued at $2,413,630 in the last quarter. 21.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

VITL has been the subject of several recent analyst reports. Mizuho raised their price objective on shares of Vital Farms from $45.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday. Telsey Advisory Group upped their target price on Vital Farms from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. DA Davidson increased their target price on Vital Farms from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday. BMO Capital Markets reissued an “outperform” rating on shares of Vital Farms in a research note on Friday. Finally, Lake Street Capital set a $60.00 price objective on shares of Vital Farms and gave the company a “buy” rating in a research note on Friday. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Vital Farms presently has a consensus rating of “Buy” and a consensus target price of $48.20.

Vital Farms Trading Up 0.1%

NASDAQ:VITL opened at $46.21 on Wednesday. The business has a fifty day moving average of $37.05 and a 200-day moving average of $34.93. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 41.26 and a beta of 0.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.48. Vital Farms, Inc. has a 1 year low of $27.91 and a 1 year high of $46.40.

Vital Farms (NASDAQ:VITL) last announced its earnings results on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.09. The business had revenue of $184.77 million during the quarter, compared to analysts’ expectations of $170.28 million. Vital Farms had a return on equity of 18.40% and a net margin of 7.84%. The company’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter last year, the business posted $0.36 earnings per share. Equities analysts predict 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.