18,005 Shares in Vital Farms, Inc. (NASDAQ:VITL) Acquired by Freedom Investment Management Inc.

Freedom Investment Management Inc. acquired a new stake in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,005 shares of the company's stock, valued at approximately $631,000.

Other institutional investors have also modified their holdings of the company. 1620 Investment Advisors Inc. bought a new stake in Vital Farms in the second quarter worth about $42,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Vital Farms in the third quarter worth approximately $35,000. CWM LLC lifted its stake in shares of Vital Farms by 162.9% during the 2nd quarter. CWM LLC now owns 1,057 shares of the company's stock worth $49,000 after acquiring an additional 655 shares during the last quarter. Quarry LP boosted its holdings in Vital Farms by 180.4% during the 2nd quarter. Quarry LP now owns 1,290 shares of the company's stock valued at $60,000 after acquiring an additional 830 shares during the period. Finally, nVerses Capital LLC boosted its holdings in Vital Farms by 66.7% during the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company's stock valued at $94,000 after acquiring an additional 800 shares during the period. 98.59% of the stock is owned by institutional investors.

Insider Buying and Selling at Vital Farms

In other news, insider Matthew Ohayer sold 24,000 shares of the firm's stock in a transaction on Monday, October 21st. The stock was sold at an average price of $39.09, for a total value of $938,160.00. Following the completion of the sale, the insider now owns 7,194,777 shares of the company's stock, valued at $281,243,832.93. This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Russell Diez-Canseco sold 44,653 shares of the company's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $40.07, for a total value of $1,789,245.71. Following the transaction, the chief executive officer now directly owns 537,349 shares in the company, valued at $21,531,574.43. This represents a 7.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 27.60% of the stock is owned by insiders.

Vital Farms Stock Up 2.7 %

Shares of VITL traded up $0.86 during mid-day trading on Friday, hitting $33.20. The company's stock had a trading volume of 1,236,851 shares, compared to its average volume of 816,000. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 29.28 and a beta of 0.97. The company's 50-day moving average is $34.76 and its 200-day moving average is $36.70. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. Vital Farms, Inc. has a 52-week low of $12.82 and a 52-week high of $48.41.

Vital Farms (NASDAQ:VITL - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $145.00 million for the quarter, compared to analysts' expectations of $145.27 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The business's revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS. On average, equities research analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on VITL shares. Stifel Nicolaus decreased their target price on Vital Farms from $42.00 to $34.00 and set a "hold" rating for the company in a research report on Friday, August 9th. TD Cowen lowered their price objective on shares of Vital Farms from $46.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, November 8th. DA Davidson raised their target price on shares of Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group decreased their price target on shares of Vital Farms from $45.00 to $41.00 and set a "buy" rating for the company in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Vital Farms currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.20.

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.