Harbor Capital Advisors Inc. Has $3.83 Million Stake in Vital Farms, Inc. (NASDAQ:VITL)

Harbor Capital Advisors Inc. raised its position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 98.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,606 shares of the company's stock after purchasing an additional 50,342 shares during the period. Harbor Capital Advisors Inc. owned 0.23% of Vital Farms worth $3,830,000 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 company. Brown Brothers Harriman & Co. acquired a new position in Vital Farms in the third quarter worth approximately $35,000. Quarry LP increased its stake in shares of Vital Farms by 180.4% during the 2nd quarter. Quarry LP now owns 1,290 shares of the company's stock worth $60,000 after purchasing an additional 830 shares during the last quarter. Quest Partners LLC bought a new position in shares of Vital Farms during the 2nd quarter valued at $97,000. nVerses Capital LLC raised its holdings in shares of Vital Farms by 130.0% during the 3rd quarter. nVerses Capital LLC now owns 4,600 shares of the company's stock valued at $161,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Vital Farms in the 2nd quarter valued at $168,000. 98.59% of the stock is owned by hedge funds and other institutional investors.

Vital Farms Stock Performance

VITL stock traded up $0.75 on Friday, reaching $40.13. 902,533 shares of the company were exchanged, compared to its average volume of 707,439. The firm has a market capitalization of $1.76 billion, a PE ratio of 35.83 and a beta of 0.88. Vital Farms, Inc. has a 12 month low of $14.16 and a 12 month high of $48.41. The stock's fifty day moving average price is $35.15 and its 200 day moving average price is $35.91. 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 announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $145.27 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The company's quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter last year, the company earned $0.10 EPS. On average, research analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. TD Cowen increased their target price on shares of Vital Farms from $41.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday. Jefferies Financial Group lowered their price objective on Vital Farms from $45.00 to $41.00 and set a "buy" rating on the stock in a report on Monday, November 11th. DA Davidson boosted their target price on Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Finally, Craig Hallum began coverage on Vital Farms in a research report on Friday, December 20th. They set a "buy" rating and a $50.00 target price for the company. 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $41.67.

Insider Transactions at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the company's stock in a transaction on Monday, October 21st. The stock was sold at an average price of $39.09, for a total value of $938,160.00. Following the sale, the insider now directly owns 7,194,777 shares in the company, valued at $281,243,832.93. This 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 44,728 shares of Vital Farms stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $37.66, for a total value of $1,684,456.48. Following the transaction, the chief executive officer now directly owns 613,797 shares of the company's stock, valued at approximately $23,115,595.02. The trade was a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 137,381 shares of company stock valued at $5,328,422. Company insiders own 27.60% of the company's stock.

About Vital Farms

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.