Blair William & Co. IL Invests $428,000 in Vital Farms, Inc. (NASDAQ:VITL)

Blair William & Co. IL acquired a new stake in Vital Farms, Inc. (NASDAQ:VITL - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,357 shares of the company's stock, valued at approximately $428,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. US Bancorp DE grew its stake in shares of Vital Farms by 160.3% during the fourth quarter. US Bancorp DE now owns 1,416 shares of the company's stock valued at $53,000 after purchasing an additional 872 shares during the last quarter. Mendota Financial Group LLC acquired a new position in Vital Farms during the 4th quarter worth $62,000. Principal Securities Inc. boosted its position in Vital Farms by 29.4% in the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock valued at $63,000 after buying an additional 380 shares during the last quarter. Rothschild Investment LLC boosted its position in Vital Farms by 191.2% in the 4th 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 last quarter. Finally, Quarry LP increased its stake in shares of Vital Farms by 87.1% in the 3rd 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 period. Institutional investors and hedge funds own 98.59% of the company's stock.

Insiders Place Their Bets

In other Vital Farms news, CMO Kathryn Mckeon sold 12,300 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $42.08, for a total transaction of $517,584.00. Following the completion of the transaction, the chief marketing officer now owns 46,203 shares in the company, valued at approximately $1,944,222.24. This represents a 21.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Matthew Ohayer sold 20,000 shares of Vital Farms stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $29.46, for a total value 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 disclosure for this sale can be found here. In the last three months, insiders have sold 145,474 shares of company stock worth $5,969,700. Company insiders own 27.60% of the company's stock.

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Vital Farms Trading Up 4.6 %

Shares of VITL traded up $1.49 during trading hours on Wednesday, reaching $33.79. The stock had a trading volume of 1,717,818 shares, compared to its average volume of 1,031,448. The company has a market cap of $1.50 billion, a P/E ratio of 30.17 and a beta of 0.96. Vital Farms, Inc. has a 52 week low of $24.52 and a 52 week high of $48.41. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average of $32.84 and a 200 day moving average of $35.63.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on VITL shares. Craig Hallum began coverage on Vital Farms in a report on Friday, December 20th. They issued a "buy" rating and a $50.00 price target on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $52.00 target price on shares of Vital Farms in a research note on Thursday, March 13th. Stifel Nicolaus raised shares of Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price objective on the stock in a research note on Friday, February 28th. Morgan Stanley began coverage on shares of Vital Farms in a research report on Monday, March 24th. They set an "overweight" rating and a $30.00 target price for the company. Finally, TD Cowen raised their price target on Vital Farms from $41.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vital Farms has an average rating of "Buy" and a consensus target price of $42.00.

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.