Charles Schwab Investment Management Inc. Acquires 42,982 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Charles Schwab Investment Management Inc. lifted its stake in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 17.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 296,416 shares of the company's stock after buying an additional 42,982 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.68% of Vital Farms worth $11,172,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Principal Securities Inc. grew its holdings in shares of 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 purchasing an additional 380 shares in the last quarter. Lifestyle Asset Management Inc. grew its stake in Vital Farms by 5.1% during the fourth quarter. Lifestyle Asset Management Inc. now owns 10,345 shares of the company's stock worth $390,000 after buying an additional 499 shares in the last quarter. US Bancorp DE increased its holdings in Vital Farms by 160.3% in the 4th quarter. US Bancorp DE now owns 1,416 shares of the company's stock valued at $53,000 after buying an additional 872 shares during the period. Brown Brothers Harriman & Co. acquired a new position in shares of Vital Farms in the 3rd quarter valued at approximately $35,000. Finally, Quarry LP lifted its holdings in shares of Vital Farms by 87.1% during the 3rd quarter. Quarry LP now owns 2,414 shares of the company's stock worth $85,000 after acquiring an additional 1,124 shares during the period. Institutional investors and hedge funds own 98.59% of the company's stock.

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Vital Farms Trading Up 3.5 %

NASDAQ:VITL traded up $1.10 on Tuesday, reaching $32.46. 757,153 shares of the stock traded hands, compared to its average volume of 987,512. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. Vital Farms, Inc. has a 1-year low of $22.82 and a 1-year high of $48.41. The company's 50 day moving average is $36.17 and its 200-day moving average is $35.68. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 28.98 and a beta of 0.95.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on VITL shares. TD Cowen upped their target price on Vital Farms from $41.00 to $45.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. DA Davidson decreased their target price on Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Telsey Advisory Group reissued an "outperform" rating and set a $52.00 target price on shares of Vital Farms in a research note on Thursday, March 13th. Craig Hallum initiated coverage on shares of Vital Farms in a report on Friday, December 20th. They set a "buy" rating and a $50.00 price target for the company. Finally, Morgan Stanley started coverage on Vital Farms in a research report on Monday. They issued an "overweight" rating and a $30.00 target price for the company. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $42.00.

Insider Buying and Selling

In other Vital Farms news, CMO Kathryn Mckeon sold 12,300 shares of Vital Farms stock in a transaction on Monday, January 13th. The shares were sold at an average price of $42.08, for a total transaction of $517,584.00. Following the transaction, the chief marketing officer now directly owns 46,203 shares of the company's stock, valued at $1,944,222.24. The trade was a 21.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthew Ohayer sold 20,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were 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 owns 6,970,890 shares of the company's stock, valued at approximately $205,362,419.40. This represents a 0.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 141,474 shares of company stock valued at $5,844,140 over the last 90 days. Company 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.