Barclays PLC Reduces Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Barclays PLC reduced its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 94,303 shares of the company’s stock after selling 1,141 shares during the period. Barclays PLC’s holdings in Vital Farms were worth $3,554,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC increased its holdings in Vital Farms by 152.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock valued at $35,000 after acquiring an additional 540 shares in the last quarter. US Bancorp DE increased its holdings in Vital Farms by 160.3% during the 4th quarter. US Bancorp DE now owns 1,416 shares of the company’s stock valued at $53,000 after acquiring an additional 872 shares in the last quarter. Frazier Financial Advisors LLC purchased a new position in Vital Farms during the 4th quarter valued at about $59,000. Mendota Financial Group LLC purchased a new position in Vital Farms during the 4th quarter valued at about $62,000. Finally, Principal Securities Inc. grew its holdings in shares of Vital Farms by 29.4% during the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company’s stock worth $63,000 after buying an additional 380 shares in the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Vital Farms Trading Up 0.8 %

VITL stock opened at $33.64 on Tuesday. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 30.04 and a beta of 0.96. 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 business has a fifty day simple moving average of $32.13 and a 200-day simple moving average of $35.32. Vital Farms, Inc. has a 52 week low of $24.87 and a 52 week high of $48.41.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.23 EPS 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 return on equity of 22.29% and a net margin of 8.68%. On average, equities research analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on VITL. Telsey Advisory Group reissued an “outperform” rating and set a $52.00 price objective on shares of Vital Farms in a research note on Thursday, March 13th. William Blair reissued an “outperform” rating on shares of Vital Farms in a research note on Friday, February 28th. Morgan Stanley reduced 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, April 17th. DA Davidson reduced their price target on Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Finally, TD Cowen increased their price target on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $44.71.

Insider Activity at Vital Farms

In related news, insider Matthew Ohayer sold 4,000 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $31.39, for a total value of $125,560.00. Following the completion of the sale, the insider now directly owns 6,966,890 shares in the company, valued at approximately $218,690,677.10. This represents a 0.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Russell Diez-Canseco sold 45,124 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of $33.69, for a total value of $1,520,227.56. Following the completion of the sale, the chief executive officer now owns 703,736 shares of the company’s stock, valued at approximately $23,708,865.84. This represents a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 93,124 shares of company stock worth $3,019,308. Corporate insiders own 27.60% of the company’s stock.

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.