Charles Schwab Investment Management Inc. Purchases 14,426 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Charles Schwab Investment Management Inc. grew its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 6.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 253,434 shares of the company's stock after acquiring an additional 14,426 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.59% of Vital Farms worth $8,888,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in Vital Farms in the second quarter worth about $2,300,000. Marshall Wace LLP lifted its stake in shares of Vital Farms by 29.7% in the 2nd quarter. Marshall Wace LLP now owns 937,755 shares of the company's stock worth $43,859,000 after acquiring an additional 214,839 shares during the period. Quest Partners LLC lifted its stake in shares of Vital Farms by 882.6% in the 3rd quarter. Quest Partners LLC now owns 20,320 shares of the company's stock worth $713,000 after acquiring an additional 18,252 shares during the period. Emerald Advisers LLC lifted its stake in shares of Vital Farms by 106.8% in the 3rd quarter. Emerald Advisers LLC now owns 706,440 shares of the company's stock worth $24,775,000 after acquiring an additional 364,837 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Vital Farms by 35.6% in the 3rd quarter. Principal Financial Group Inc. now owns 655,811 shares of the company's stock worth $22,999,000 after acquiring an additional 172,249 shares during the period. Institutional investors and hedge funds own 98.59% of the company's stock.

Vital Farms Price Performance

NASDAQ VITL traded up $1.16 during trading hours on Wednesday, reaching $38.73. 894,722 shares of the company's stock were exchanged, compared to its average volume of 815,747. The firm has a fifty day moving average of $34.74 and a 200-day moving average of $36.47. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.70 billion, a PE ratio of 33.54 and a beta of 0.93. Vital Farms, Inc. has a one year low of $14.14 and a one year high of $48.41.

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

Analyst Ratings Changes

VITL has been the subject of a number of research analyst reports. Jefferies Financial Group cut their target price on Vital Farms from $45.00 to $41.00 and set a "buy" rating for the company in a research report on Monday, November 11th. DA Davidson upped their price objective on Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Finally, TD Cowen cut their price objective on Vital Farms from $46.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.20.

Insider Buying and Selling at Vital Farms

In other news, insider Matthew Ohayer sold 24,000 shares of the firm's stock in a transaction on Monday, October 21st. The stock was sold at an average price of $39.09, for a total value of $938,160.00. Following the transaction, the insider now directly owns 7,194,777 shares in the company, valued at $281,243,832.93. This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Russell Diez-Canseco sold 44,653 shares of the firm's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $40.07, for a total value of $1,789,245.71. Following the completion of the transaction, the chief executive officer now owns 537,349 shares in the company, valued at $21,531,574.43. This represents a 7.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 27.60% of the company's stock.

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.