FORA Capital LLC Makes New Investment in Vital Farms, Inc. (NASDAQ:VITL)

FORA Capital LLC bought a new position in Vital Farms, Inc. (NASDAQ:VITL - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 34,802 shares of the company's stock, valued at approximately $1,221,000. FORA Capital LLC owned 0.08% of Vital Farms as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new position in Vital Farms in the 3rd quarter worth $35,000. 1620 Investment Advisors Inc. bought a new position in shares of Vital Farms during the second quarter worth about $42,000. CWM LLC raised its position in Vital Farms by 162.9% in the 2nd quarter. CWM LLC now owns 1,057 shares of the company's stock valued at $49,000 after buying an additional 655 shares during the last quarter. Quarry LP lifted its stake in Vital Farms by 180.4% in the 2nd quarter. Quarry LP now owns 1,290 shares of the company's stock valued at $60,000 after acquiring an additional 830 shares in the last quarter. Finally, nVerses Capital LLC boosted its position in Vital Farms by 66.7% during the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company's stock worth $94,000 after acquiring an additional 800 shares during the last quarter. 98.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on VITL shares. Jefferies Financial Group cut their price objective 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. Stifel Nicolaus cut their price target on shares of Vital Farms from $42.00 to $34.00 and set a "hold" rating on the stock in a research report on Friday, August 9th. TD Cowen decreased their price objective on Vital Farms from $46.00 to $41.00 and set a "buy" rating for the company in a report on Friday, November 8th. Finally, DA Davidson lifted their target price on Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Vital Farms presently has an average rating of "Moderate Buy" and an average target price of $39.20.

Insider Buying and Selling

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the firm's stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $39.09, for a total transaction of $938,160.00. Following the completion of the sale, the insider now directly owns 7,194,777 shares in the company, valued at $281,243,832.93. This trade represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Russell Diez-Canseco sold 44,653 shares of the company's stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $40.07, for a total value of $1,789,245.71. Following the completion of the transaction, the chief executive officer now directly owns 537,349 shares in the company, valued at $21,531,574.43. The trade was a 7.67 % decrease in their position. The disclosure for this sale can be found here. 27.60% of the stock is owned by insiders.

Vital Farms Stock Performance

Shares of VITL traded down $0.19 during midday trading on Thursday, reaching $32.34. The stock had a trading volume of 1,829,373 shares, compared to its average volume of 814,170. The firm has a market cap of $1.42 billion, a PE ratio of 28.88 and a beta of 0.97. The firm has a 50 day simple moving average of $34.75 and a 200-day simple moving average of $36.76. Vital Farms, Inc. has a one year low of $12.44 and a one year high of $48.41. 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 (NASDAQ:VITL - Get Free Report) last posted 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 business had revenue of $145.00 million during the quarter, compared to analysts' expectations of $145.27 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. Vital Farms's quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter last year, the company posted $0.10 earnings per share. As a group, sell-side analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current 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.