GSA Capital Partners LLP Sells 25,246 Shares of Vital Farms, Inc. (NASDAQ:VITL)

GSA Capital Partners LLP decreased its position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 18.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,379 shares of the company's stock after selling 25,246 shares during the quarter. Vital Farms comprises approximately 0.3% of GSA Capital Partners LLP's investment portfolio, making the stock its 11th biggest holding. GSA Capital Partners LLP owned about 0.26% of Vital Farms worth $3,976,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in Vital Farms in the first quarter valued at approximately $660,000. Inspire Investing LLC acquired a new stake in shares of Vital Farms in the 1st quarter valued at about $1,003,000. Russell Investments Group Ltd. lifted its holdings in shares of Vital Farms by 2,006.1% in the first quarter. Russell Investments Group Ltd. now owns 148,541 shares of the company's stock valued at $3,454,000 after purchasing an additional 141,488 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of Vital Farms by 9.2% during the first quarter. William Blair Investment Management LLC now owns 2,650,008 shares of the company's stock worth $61,613,000 after buying an additional 224,335 shares during the period. Finally, Lord Abbett & CO. LLC grew its holdings in shares of Vital Farms by 116.1% during the first quarter. Lord Abbett & CO. LLC now owns 862,644 shares of the company's stock worth $20,056,000 after buying an additional 463,471 shares in the last quarter. Institutional investors and hedge funds own 98.59% of the company's stock.

Vital Farms Stock Performance

VITL stock traded down $0.85 during midday trading on Tuesday, reaching $28.43. 1,270,807 shares of the company were exchanged, compared to its average volume of 786,096. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 26.14 and a beta of 0.97. The business has a 50-day moving average price of $34.96 and a two-hundred day moving average price of $36.74. Vital Farms, Inc. has a one year low of $11.72 and a one year high of $48.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.50 and a quick ratio of 3.03.

Vital Farms (NASDAQ:VITL - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $145.00 million for the quarter, compared to analyst estimates of $145.27 million. Vital Farms had a net margin of 8.68% and a return on equity of 23.29%. Vital Farms's quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 EPS. Equities research analysts forecast that Vital Farms, Inc. will post 1.1 EPS for the current year.

Insiders Place Their Bets

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the 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 transaction, the insider now owns 7,194,777 shares in the company, valued at $281,243,832.93. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, 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 transaction of $1,789,245.71. Following the completion of the sale, the chief executive officer now owns 537,349 shares of the company's stock, valued at approximately $21,531,574.43. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $938,160.00. Following the completion of the transaction, the insider now directly owns 7,194,777 shares in the company, valued at $281,243,832.93. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 27.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. TD Cowen reduced their price target on Vital Farms from $46.00 to $41.00 and set a "buy" rating for the company in a research report on Friday. DA Davidson increased their price target on Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Jefferies Financial Group dropped their price objective on Vital Farms from $45.00 to $41.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Stifel Nicolaus decreased their target price on shares of Vital Farms from $42.00 to $34.00 and set a "hold" rating for the company in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $39.20.

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.