68,715 Shares in Vital Farms, Inc. (NASDAQ:VITL) Purchased by Chatham Capital Group Inc.

Chatham Capital Group Inc. acquired a new position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 68,715 shares of the company's stock, valued at approximately $2,590,000. Chatham Capital Group Inc. owned about 0.16% of Vital Farms at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VITL. Robeco Institutional Asset Management B.V. lifted its holdings in Vital Farms by 4.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 7,857 shares of the company's stock valued at $276,000 after buying an additional 329 shares during the period. 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 valued at $22,999,000 after purchasing an additional 172,249 shares during the period. Lifestyle Asset Management Inc. lifted its stake in shares of Vital Farms by 6.5% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 9,846 shares of the company's stock valued at $345,000 after purchasing an additional 598 shares during the period. Versor Investments LP boosted its position in shares of Vital Farms by 336.8% during the 3rd quarter. Versor Investments LP now owns 31,012 shares of the company's stock valued at $1,088,000 after purchasing an additional 23,912 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new stake in Vital Farms during the third quarter worth approximately $397,000. 98.59% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several brokerages have issued reports on VITL. William Blair reissued an "outperform" rating on shares of Vital Farms in a research note on Friday, February 28th. Jefferies Financial Group dropped their target price 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. Craig Hallum assumed coverage on shares of Vital Farms in a report on Friday, December 20th. They issued a "buy" rating and a $50.00 price target for the company. Telsey Advisory Group reiterated an "outperform" rating and set a $52.00 price objective on shares of Vital Farms in a report on Friday, February 28th. Finally, TD Cowen increased their price objective on shares of Vital Farms from $41.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vital Farms has a consensus rating of "Buy" and an average target price of $44.57.

Insiders Place Their Bets

In related news, insider Matthew Ohayer sold 24,000 shares of the firm's stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $38.19, for a total transaction of $916,560.00. Following the transaction, the insider now directly owns 7,038,890 shares of the company's stock, valued at $268,815,209.10. This trade represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Kathryn Mckeon sold 12,300 shares of the company's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $44.05, for a total transaction of $541,815.00. Following the completion of the sale, the chief marketing officer now directly owns 46,203 shares of the company's stock, valued at $2,035,242.15. The trade was a 21.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 190,202 shares of company stock valued at $7,855,957 in the last three months. 27.60% of the stock is currently owned by insiders.

Vital Farms Stock Down 1.4 %

Shares of NASDAQ VITL traded down $0.44 during mid-day trading on Tuesday, reaching $31.60. 905,855 shares of the company's stock traded hands, compared to its average volume of 970,896. 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 business has a 50-day simple moving average of $37.88 and a 200 day simple moving average of $35.73. The stock has a market cap of $1.40 billion, a P/E ratio of 28.21 and a beta of 0.95. Vital Farms, Inc. has a 1-year low of $20.66 and a 1-year high of $48.41.

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

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.