Alliancebernstein L.P. Has $3.38 Million Position in Vital Farms, Inc. (NASDAQ:VITL)

Alliancebernstein L.P. reduced its position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 37.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,550 shares of the company's stock after selling 52,620 shares during the period. Alliancebernstein L.P. owned about 0.20% of Vital Farms worth $3,375,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of VITL. CIBC Private Wealth Group LLC grew its stake in shares of Vital Farms by 152.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock worth $35,000 after acquiring an additional 540 shares in the last quarter. US Bancorp DE boosted its holdings in Vital Farms by 160.3% during the fourth quarter. US Bancorp DE now owns 1,416 shares of the company's stock worth $53,000 after purchasing an additional 872 shares during the last quarter. Frazier Financial Advisors LLC bought a new position in Vital Farms in the fourth quarter valued at $59,000. Mendota Financial Group LLC acquired a new stake in Vital Farms in the 4th quarter valued at $62,000. Finally, Principal Securities Inc. lifted its position in Vital Farms by 29.4% during the 4th 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 institutional investors.

Vital Farms Price Performance

VITL stock traded down $0.04 during midday trading on Friday, reaching $32.99. The company had a trading volume of 681,845 shares, compared to its average volume of 1,041,188. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 29.46 and a beta of 0.96. The stock has a 50 day moving average price of $32.30 and a 200-day moving average price of $35.53. Vital Farms, Inc. has a 1-year low of $24.87 and a 1-year high of $48.41.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.23 EPS for the quarter, beating the consensus estimate 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 net margin of 8.68% and a return on equity of 22.29%. Equities research analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Insider Activity

In other news, CEO Russell Diez-Canseco sold 45,124 shares of the stock in a transaction dated Monday, April 14th. The stock was 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Matthew Ohayer sold 20,000 shares of Vital Farms stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $29.46, for a total value of $589,200.00. Following the completion of the transaction, the insider now directly owns 6,970,890 shares in the company, valued at approximately $205,362,419.40. This represents a 0.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,124 shares of company stock valued at $3,271,548 over the last quarter. 27.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

VITL has been the subject of several analyst reports. Morgan Stanley decreased their price objective on Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday. Craig Hallum began coverage on Vital Farms in a research report on Friday, December 20th. They set a "buy" rating and a $50.00 price target on the stock. DA Davidson cut their price objective on Vital Farms from $44.00 to $42.00 and set a "buy" rating for the company in a report on Friday, March 14th. Telsey Advisory Group restated an "outperform" rating and set a $52.00 target price on shares of Vital Farms in a report on Thursday, March 13th. Finally, Stifel Nicolaus upgraded Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 target price for the company in a research note on Friday, February 28th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, Vital Farms has a consensus rating of "Buy" and a consensus price target of $43.13.

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.