Swiss National Bank Increases Stock Position in Vital Farms, Inc. (NASDAQ:VITL)

Swiss National Bank increased its stake in shares of Vital Farms, Inc. (NASDAQ:VITL) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,300 shares of the company’s stock after purchasing an additional 1,700 shares during the period. Swiss National Bank’s holdings in Vital Farms were worth $2,235,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VITL. Victory Capital Management Inc. purchased a new position in shares of Vital Farms in the third quarter worth approximately $789,000. Advisors Asset Management Inc. raised its holdings in Vital Farms by 25.7% during the third quarter. Advisors Asset Management Inc. now owns 16,793 shares of the company’s stock valued at $589,000 after acquiring an additional 3,429 shares during the period. Intech Investment Management LLC bought a new stake in Vital Farms during the 3rd quarter valued at approximately $301,000. Charles Schwab Investment Management Inc. grew its holdings in Vital Farms by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 253,434 shares of the company’s stock valued at $8,888,000 after buying an additional 14,426 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Vital Farms during the third quarter valued at approximately $286,000. Institutional investors own 98.59% of the company’s stock.

Analyst Upgrades and Downgrades

VITL has been the topic of a number of research reports. Stifel Nicolaus upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Friday, February 28th. Morgan Stanley began coverage on Vital Farms in a research report on Monday. They issued an “overweight” rating and a $30.00 target price on the stock. Craig Hallum initiated coverage on Vital Farms in a report on Friday, December 20th. They set a “buy” rating and a $50.00 price target for the company. William Blair reaffirmed an “outperform” rating on shares of Vital Farms in a report on Friday, February 28th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $52.00 target price on shares of Vital Farms in a report on Thursday, March 13th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $42.00.

Insider Activity

In other Vital Farms news, insider Matthew Ohayer sold 4,000 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $31.39, for a total value of $125,560.00. Following the transaction, the insider now directly owns 6,966,890 shares in the company, valued at $218,690,677.10. This represents a 0.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joanne Bal sold 28,246 shares of Vital Farms stock in a transaction that occurred on 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 of the company’s stock, valued at $2,677,632.10. This represents a 32.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 145,474 shares of company stock valued at $5,969,700. 27.60% of the stock is currently owned by insiders.

Vital Farms Stock Down 2.4 %

NASDAQ VITL opened at $30.27 on Friday. 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 52 week low of $23.04 and a 52 week high of $48.41. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 27.03 and a beta of 0.95. The company has a fifty day moving average of $35.49 and a two-hundred day moving average of $35.63.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The firm had revenue of $165.99 million during the quarter, compared to analysts’ expectations of $160.32 million. On average, 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.