Geode Capital Management LLC Purchases 31,187 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Geode Capital Management LLC boosted its stake in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 749,659 shares of the company's stock after acquiring an additional 31,187 shares during the quarter. Geode Capital Management LLC owned 1.71% of Vital Farms worth $26,296,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brown Brothers Harriman & Co. acquired a new stake in shares of Vital Farms during the 3rd quarter worth about $35,000. Quarry LP increased its holdings in shares of Vital Farms by 180.4% during the second quarter. Quarry LP now owns 1,290 shares of the company's stock worth $60,000 after buying an additional 830 shares in the last quarter. nVerses Capital LLC raised its position in Vital Farms by 66.7% in the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company's stock valued at $94,000 after purchasing an additional 800 shares during the last quarter. Quest Partners LLC bought a new position in shares of Vital Farms in the second quarter valued at about $97,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Vital Farms during the second quarter worth approximately $168,000. 98.59% of the stock is owned by institutional investors.

Insider Buying and Selling at Vital Farms

In other news, insider Matthew Ohayer sold 24,000 shares of the business's stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $38.19, for a total value of $916,560.00. Following the sale, the insider now owns 7,038,890 shares of the company's stock, valued at $268,815,209.10. The trade was a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Russell Diez-Canseco sold 44,653 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 537,349 shares of the company's stock, valued at approximately $21,531,574.43. This trade represents a 7.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,381 shares of company stock valued at $5,328,422 in the last 90 days. 27.60% of the stock is currently owned by company insiders.

Vital Farms Stock Down 1.0 %

Shares of VITL traded down $0.37 on Friday, hitting $37.35. The company's stock had a trading volume of 694,027 shares, compared to its average volume of 817,511. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 33.35 and a beta of 0.94. The firm's fifty day moving average price is $34.66 and its 200-day moving average price is $36.21. Vital Farms, Inc. has a fifty-two week low of $14.16 and a fifty-two week high of $48.41.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $145.00 million during the quarter, compared to analysts' expectations of $145.27 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The business's quarterly revenue was up 31.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 earnings per share. On average, equities research analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Craig Hallum started coverage on Vital Farms in a research note on Friday, December 20th. They set a "buy" rating and a $50.00 price target on the stock. TD Cowen dropped their target price on shares of Vital Farms from $46.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, November 8th. DA Davidson lifted their price objective on Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group reduced their target price on Vital Farms from $45.00 to $41.00 and set a "buy" rating on the stock in a report on Monday, November 11th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Vital Farms presently has a consensus rating of "Moderate Buy" and an average price target of $41.00.

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.