Proficio Capital Partners LLC Purchases New Position in Vital Farms, Inc. (NASDAQ:VITL)

Proficio Capital Partners LLC bought a new position in Vital Farms, Inc. (NASDAQ:VITL - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 18,543 shares of the company's stock, valued at approximately $699,000.

Other hedge funds have also recently made changes to their positions in the company. Impact Investors Inc purchased a new stake in Vital Farms in the 4th quarter valued at about $930,000. Impax Asset Management Group plc purchased a new position in shares of Vital Farms during the fourth quarter valued at $4,711,000. Rothschild Investment LLC increased its stake in shares of Vital Farms by 191.2% during the fourth quarter. Rothschild Investment LLC now owns 1,814 shares of the company's stock valued at $68,000 after buying an additional 1,191 shares during the period. Navellier & Associates Inc. raised its holdings in shares of Vital Farms by 40.6% in the fourth quarter. Navellier & Associates Inc. now owns 83,917 shares of the company's stock valued at $3,163,000 after acquiring an additional 24,234 shares in the last quarter. Finally, Ieq Capital LLC purchased a new stake in Vital Farms in the fourth quarter worth about $291,000. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on VITL shares. William Blair reiterated an "outperform" rating on shares of Vital Farms in a report on Friday, February 28th. Stifel Nicolaus raised Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price objective on the stock in a research report on Friday, February 28th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $52.00 price objective on shares of Vital Farms in a research report on Friday, February 28th. Craig Hallum began coverage on shares of Vital Farms in a research report on Friday, December 20th. They set a "buy" rating and a $50.00 target price for the company. Finally, TD Cowen lifted their price target on shares of Vital Farms from $41.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vital Farms presently has a consensus rating of "Buy" and a consensus price target of $44.57.

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Insider Activity at Vital Farms

In other news, CEO Russell Diez-Canseco sold 44,728 shares of Vital Farms stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $37.66, for a total transaction of $1,684,456.48. Following the sale, the chief executive officer now owns 613,797 shares of the company's stock, valued at approximately $23,115,595.02. The trade was a 6.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Kathryn Mckeon sold 12,300 shares of the company's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $42.08, for a total value of $517,584.00. Following the completion of the transaction, the chief marketing officer now directly owns 46,203 shares in the company, valued at approximately $1,944,222.24. This trade represents a 21.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 190,202 shares of company stock valued at $7,855,957. Corporate insiders own 27.60% of the company's stock.

Vital Farms Price Performance

Shares of VITL stock traded down $0.52 on Wednesday, reaching $31.08. 44,777 shares of the company were exchanged, compared to its average volume of 1,226,189. Vital Farms, Inc. has a 1 year low of $20.86 and a 1 year high of $48.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. The business has a 50-day moving average price of $37.76 and a 200 day moving average price of $35.73. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 27.78 and a beta of 0.95.

Vital Farms (NASDAQ:VITL - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. The company had revenue of $165.99 million during the quarter, compared to analyst estimates of $160.32 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. Equities research analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

About Vital Farms

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.