Connor Clark & Lunn Investment Management Ltd. Has $4.17 Million Position in Vital Farms, Inc. (NASDAQ:VITL)

Connor Clark & Lunn Investment Management Ltd. cut its stake in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 17.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,635 shares of the company's stock after selling 24,158 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.25% of Vital Farms worth $4,170,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of VITL. Brown Brothers Harriman & Co. bought a new stake in Vital Farms in the 3rd quarter valued at about $35,000. US Bancorp DE raised its holdings 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 buying an additional 872 shares during the last quarter. Mendota Financial Group LLC acquired a new position in shares of Vital Farms during the fourth quarter worth approximately $62,000. Principal Securities Inc. grew its holdings in Vital Farms by 29.4% in the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock worth $63,000 after buying an additional 380 shares in the last quarter. Finally, Rothschild Investment LLC grew its holdings in Vital Farms by 191.2% in the 4th quarter. Rothschild Investment LLC now owns 1,814 shares of the company's stock worth $68,000 after buying an additional 1,191 shares in the last quarter. Institutional investors and hedge funds own 98.59% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Craig Hallum initiated coverage on Vital Farms in a research report on Friday, December 20th. They set a "buy" rating and a $50.00 price target for the company. William Blair reissued an "outperform" rating on shares of Vital Farms in a research note on Friday, February 28th. Stifel Nicolaus raised shares of Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price target for the company in a research note on Friday, February 28th. DA Davidson lowered their price objective on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Finally, TD Cowen increased their price target on Vital Farms from $41.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, Vital Farms has an average rating of "Buy" and an average price target of $43.71.

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Insider Buying and Selling

In other news, CEO Russell Diez-Canseco sold 44,628 shares of the business's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $42.24, for a total transaction of $1,885,086.72. Following the sale, the chief executive officer now directly owns 668,202 shares in the company, valued at approximately $28,224,852.48. The trade was a 6.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Kathryn Mckeon sold 12,300 shares of the company's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $42.08, for a total value of $517,584.00. Following the completion of the transaction, the chief marketing officer now owns 46,203 shares of the company's stock, valued at $1,944,222.24. 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 121,474 shares of company stock worth $5,254,940 in the last quarter. 27.60% of the stock is currently owned by company insiders.

Vital Farms Stock Down 0.1 %

Shares of Vital Farms stock traded down $0.04 during midday trading on Thursday, reaching $29.52. 1,044,153 shares of the company's stock traded hands, compared to its average volume of 1,234,503. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 26.36 and a beta of 0.95. Vital Farms, Inc. has a 52 week low of $22.62 and a 52 week high of $48.41. The company's 50 day simple moving average is $36.78 and its 200 day simple moving average is $35.65. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24.

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 for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $160.32 million. Equities analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Vital Farms Company 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.