Fmr LLC Has $8.39 Million Holdings in Vital Farms, Inc. (NASDAQ:VITL)

FMR LLC decreased its position in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 16.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 239,251 shares of the company's stock after selling 48,186 shares during the quarter. FMR LLC owned 0.55% of Vital Farms worth $8,391,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in VITL. Price T Rowe Associates Inc. MD raised its holdings in Vital Farms by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 26,510 shares of the company's stock valued at $617,000 after acquiring an additional 1,402 shares in the last quarter. Cetera Advisors LLC bought a new stake in shares of Vital Farms during the 1st quarter valued at about $481,000. CWM LLC raised its stake in Vital Farms by 162.9% during the second quarter. CWM LLC now owns 1,057 shares of the company's stock worth $49,000 after acquiring an additional 655 shares during the period. SG Americas Securities LLC bought a new position in Vital Farms in the second quarter worth about $2,300,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Vital Farms in the second quarter valued at approximately $417,000. Hedge funds and other institutional investors own 98.59% of the company's stock.

Analyst Ratings Changes

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

Vital Farms Stock Performance

Shares of NASDAQ VITL traded down $1.74 during midday trading on Thursday, reaching $36.99. 771,056 shares of the company traded hands, compared to its average volume of 815,562. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 34.58 and a beta of 0.93. The stock has a 50-day moving average price of $34.80 and a 200 day moving average price of $36.49. Vital Farms, Inc. has a 52 week low of $14.14 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.

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

Insiders Place Their Bets

In other news, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $39.09, for a total value of $938,160.00. Following the transaction, the insider now owns 7,194,777 shares of the company's stock, valued at $281,243,832.93. The trade was a 0.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Russell Diez-Canseco sold 44,653 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the sale, the chief executive officer now directly owns 537,349 shares of the company's stock, valued at approximately $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. 27.60% of the stock is currently owned by insiders.

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.