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

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

Several other hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB purchased a new position in Vital Farms during the fourth quarter worth about $2,765,000. JPMorgan Chase & Co. lifted its stake in shares of Vital Farms by 38.9% in the third quarter. JPMorgan Chase & Co. now owns 266,398 shares of the company's stock valued at $9,343,000 after purchasing an additional 74,593 shares during the period. Charles Schwab Investment Management Inc. grew its position in Vital Farms by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 253,434 shares of the company's stock worth $8,888,000 after buying an additional 14,426 shares during the period. Franklin Resources Inc. increased its holdings in Vital Farms by 10.2% in the third quarter. Franklin Resources Inc. now owns 372,583 shares of the company's stock valued at $13,066,000 after buying an additional 34,412 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Vital Farms by 57.3% during the 3rd quarter. Barclays PLC now owns 95,444 shares of the company's stock valued at $3,347,000 after acquiring an additional 34,758 shares during the period. Institutional investors and hedge funds own 98.59% of the company's stock.

Analyst Ratings Changes

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

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Vital Farms Trading Down 4.5 %

NASDAQ:VITL traded down $1.46 on Wednesday, reaching $31.00. The stock had a trading volume of 600,891 shares, compared to its average volume of 986,449. Vital Farms, Inc. has a 12-month low of $22.82 and a 12-month high of $48.41. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 27.68 and a beta of 0.95. The firm's fifty day moving average is $35.98 and its two-hundred day moving average is $35.70. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81.

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

Insider Activity at Vital Farms

In other news, insider Matthew Ohayer sold 20,000 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $29.46, for a total transaction of $589,200.00. Following the completion of the sale, the insider now directly owns 6,970,890 shares in the company, valued at $205,362,419.40. This represents a 0.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Joanne Bal sold 28,246 shares of Vital Farms stock in a transaction on Friday, January 17th. The shares were sold at an average price of $45.10, for a total value of $1,273,894.60. Following the completion of the transaction, the insider now owns 59,371 shares in the company, valued at $2,677,632.10. The trade was a 32.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 145,474 shares of company stock worth $5,969,700. 27.60% of the stock is currently owned by insiders.

Vital Farms Company 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.