Barclays PLC Purchases 34,758 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Barclays PLC raised its position in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 57.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 95,444 shares of the company's stock after acquiring an additional 34,758 shares during the period. Barclays PLC owned approximately 0.22% of Vital Farms worth $3,347,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. XTX Topco Ltd bought a new position in shares of Vital Farms in the 3rd quarter worth $203,000. Wellington Management Group LLP acquired a new position in Vital Farms during the third quarter worth $16,464,000. Two Sigma Advisers LP lifted its stake in shares of Vital Farms by 67.5% in the third quarter. Two Sigma Advisers LP now owns 300,900 shares of the company's stock valued at $10,553,000 after buying an additional 121,300 shares in the last quarter. Quarry LP grew its holdings in shares of Vital Farms by 87.1% during the third quarter. Quarry LP now owns 2,414 shares of the company's stock valued at $85,000 after buying an additional 1,124 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Vital Farms during the third quarter worth about $1,788,000. Institutional investors own 98.59% of the company's stock.

Vital Farms Stock Performance

Vital Farms stock traded up $0.52 during mid-day trading on Tuesday, reaching $39.33. The company's stock had a trading volume of 344,317 shares, compared to its average volume of 818,311. The company has a market capitalization of $1.72 billion, a P/E ratio of 35.12 and a beta of 0.93. Vital Farms, Inc. has a 12-month low of $14.16 and a 12-month 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 firm's fifty day moving average price is $34.81 and its two-hundred day moving average price is $36.23.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $145.00 million during the quarter, compared to analyst estimates of $145.27 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The company's revenue was up 31.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share. Sell-side analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Ratings Changes

VITL has been the topic of several recent research reports. Jefferies Financial Group dropped their price target on shares of Vital Farms from $45.00 to $41.00 and set a "buy" rating on the stock in a research report on Monday, November 11th. TD Cowen dropped their target price on Vital Farms from $46.00 to $41.00 and set a "buy" rating on the stock in a report on Friday, November 8th. DA Davidson lifted their target price on Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Finally, Craig Hallum began coverage on Vital Farms in a research report on Friday. They issued a "buy" rating and a $50.00 price target for the company. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Vital Farms currently has a consensus rating of "Moderate Buy" and an average price target of $41.00.

Insider Buying and Selling

In other news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $38.19, for a total transaction of $916,560.00. Following the sale, the insider now owns 7,038,890 shares in the company, valued at $268,815,209.10. This represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Russell Diez-Canseco sold 44,728 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $37.66, for a total value of $1,684,456.48. Following the completion of the transaction, the chief executive officer now directly owns 613,797 shares in the company, valued at $23,115,595.02. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,381 shares of company stock valued at $5,328,422 over the last three months. Corporate insiders own 27.60% of the company's stock.

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.