Harbor Capital Advisors Inc. Purchases Shares of 51,264 Vital Farms, Inc. (NASDAQ:VITL)

Harbor Capital Advisors Inc. purchased a new position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 51,264 shares of the company's stock, valued at approximately $1,798,000. Harbor Capital Advisors Inc. owned approximately 0.12% of Vital Farms as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in VITL. Lord Abbett & CO. LLC grew its holdings in shares of Vital Farms by 116.1% in the first quarter. Lord Abbett & CO. LLC now owns 862,644 shares of the company's stock worth $20,056,000 after purchasing an additional 463,471 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Vital Farms by 651.3% in the second quarter. Millennium Management LLC now owns 494,153 shares of the company's stock worth $23,112,000 after purchasing an additional 428,382 shares during the last quarter. Emerald Advisers LLC bought a new position in shares of Vital Farms in the second quarter worth approximately $15,977,000. Renaissance Technologies LLC grew its holdings in shares of Vital Farms by 73.0% in the second quarter. Renaissance Technologies LLC now owns 784,153 shares of the company's stock worth $36,675,000 after purchasing an additional 331,000 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Vital Farms by 73.6% in the second quarter. Acadian Asset Management LLC now owns 679,504 shares of the company's stock worth $31,766,000 after purchasing an additional 288,039 shares during the last quarter. 98.59% of the stock is owned by hedge funds and other institutional investors.

Vital Farms Stock Up 4.0 %

NASDAQ:VITL traded up $1.41 during mid-day trading on Wednesday, hitting $36.87. 1,349,037 shares of the company's stock were exchanged, compared to its average volume of 752,830. The company has a market cap of $1.59 billion, a PE ratio of 33.45 and a beta of 0.97. 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, Inc. has a one year low of $11.55 and a one year high of $48.41. The business has a fifty day moving average price of $34.89 and a 200 day moving average price of $36.57.

Vital Farms (NASDAQ:VITL - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.16. Vital Farms had a return on equity of 22.77% and a net margin of 8.70%. The company had revenue of $147.39 million during the quarter, compared to analyst estimates of $138.41 million. During the same quarter last year, the company earned $0.15 EPS. The firm's revenue for the quarter was up 38.5% on a year-over-year basis. Equities analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current year.

Wall Street Analyst Weigh In

VITL has been the topic of several recent analyst reports. DA Davidson raised their target price on shares of Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. TD Cowen upgraded shares of Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price target on the stock in a report on Friday, August 9th. Finally, 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 report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Vital Farms currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.50.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,653 shares of the firm's stock in a transaction dated 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 directly owns 537,349 shares in the company, valued at approximately $21,531,574.43. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Russell Diez-Canseco sold 44,653 shares of the firm's stock in a transaction dated 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 owns 537,349 shares of the company's stock, valued at $21,531,574.43. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Matthew Ohayer sold 24,000 shares of the firm's stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $39.09, for a total transaction of $938,160.00. Following the sale, the insider now directly owns 7,194,777 shares in the company, valued at approximately $281,243,832.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 27.60% of the stock is owned by company insiders.

Vital Farms 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.