Vital Farms, Inc. (NASDAQ:VITL) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its stake in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 28.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,299 shares of the company's stock after selling 55,191 shares during the quarter. HighTower Advisors LLC owned 0.32% of Vital Farms worth $4,921,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in Vital Farms by 5.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,510 shares of the company's stock valued at $617,000 after purchasing an additional 1,402 shares in the last quarter. Cetera Advisors LLC purchased a new position in Vital Farms in the first quarter worth approximately $481,000. CWM LLC grew its holdings in Vital Farms by 162.9% during the 2nd quarter. CWM LLC now owns 1,057 shares of the company's stock worth $49,000 after acquiring an additional 655 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Vital Farms in the 2nd quarter valued at approximately $2,300,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Vital Farms in the 2nd quarter valued at approximately $417,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on VITL shares. DA Davidson lifted their price target on Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Jefferies Financial Group cut their price target on shares of Vital Farms from $45.00 to $41.00 and set a "buy" rating on the stock in a research note on Monday, November 11th. Finally, TD Cowen decreased their price objective on shares of Vital Farms from $46.00 to $41.00 and set a "buy" rating for the company in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.20.

Insider Buying and Selling at Vital Farms

In other news, insider Matthew Ohayer sold 24,000 shares of the firm's stock in a transaction on Monday, October 21st. The shares were sold at an average price of $39.09, for a total value of $938,160.00. Following the completion of the sale, the insider now owns 7,194,777 shares in the company, valued at approximately $281,243,832.93. This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Russell Diez-Canseco sold 44,653 shares of the business's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the transaction, the chief executive officer now owns 537,349 shares in the company, valued at approximately $21,531,574.43. This trade represents a 7.67 % 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.

Vital Farms Stock Performance

VITL stock traded up $1.16 on Wednesday, hitting $38.73. The company's stock had a trading volume of 894,730 shares, compared to its average volume of 815,747. Vital Farms, Inc. has a 1 year low of $14.14 and a 1 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. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 34.58 and a beta of 0.93. The firm has a 50 day moving average of $34.80 and a two-hundred day moving average of $36.49.

Vital Farms (NASDAQ:VITL - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $145.00 million during the quarter, compared to the consensus estimate 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 firm earned $0.10 earnings per share. Equities analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current fiscal 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.