Federated Hermes Inc. Decreases Stake in Vital Farms, Inc. (NASDAQ:VITL)

Federated Hermes Inc. lessened its holdings in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 73.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,469 shares of the company's stock after selling 109,395 shares during the period. Federated Hermes Inc. owned about 0.09% of Vital Farms worth $1,488,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CIBC Private Wealth Group LLC grew its holdings in Vital Farms by 152.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock valued at $35,000 after purchasing an additional 540 shares during the period. US Bancorp DE grew its stake 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 acquiring an additional 872 shares during the period. Frazier Financial Advisors LLC purchased a new stake in Vital Farms in the 4th quarter worth $59,000. Mendota Financial Group LLC acquired a new position in Vital Farms during the fourth quarter worth $62,000. Finally, Principal Securities Inc. raised its position in Vital Farms by 29.4% during the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock worth $63,000 after acquiring an additional 380 shares during the period. Hedge funds and other institutional investors own 98.59% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on VITL. William Blair reissued an "outperform" rating on shares of Vital Farms in a research note on Friday, February 28th. Morgan Stanley cut their price objective on Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a research note on Thursday. TD Cowen raised their target price on Vital Farms from $41.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $52.00 price target on shares of Vital Farms in a research note on Thursday, March 13th. Finally, Stifel Nicolaus raised Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price objective for the company in a research note on Friday, February 28th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $43.13.

Vital Farms Trading Down 0.1 %

Vital Farms stock traded down $0.04 during trading on Friday, reaching $32.99. 681,845 shares of the company were exchanged, compared to its average volume of 1,036,925. Vital Farms, Inc. has a 52-week low of $24.75 and a 52-week high of $48.41. 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 stock's 50 day simple moving average is $32.36 and its two-hundred day simple moving average is $35.55. The company has a market capitalization of $1.46 billion, a P/E ratio of 29.46 and a beta of 0.96.

Vital Farms (NASDAQ:VITL - Get Free Report) last announced its quarterly earnings data 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. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The firm had revenue of $165.99 million during the quarter, compared to analyst estimates of $160.32 million. On average, equities research analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Transactions at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 20,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was 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 $205,362,419.40. This trade represents a 0.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Russell Diez-Canseco sold 45,124 shares of Vital Farms stock in a transaction on Monday, April 14th. The shares were sold at an average price of $33.69, for a total value of $1,520,227.56. Following the completion of the sale, the chief executive officer now owns 703,736 shares in the company, valued at $23,708,865.84. This represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 93,124 shares of company stock worth $3,271,548 in the last 90 days. Insiders own 27.60% of the company's stock.

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.