Jupiter Asset Management Ltd. Acquires 308,425 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Jupiter Asset Management Ltd. boosted its position in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 96.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 628,709 shares of the company's stock after acquiring an additional 308,425 shares during the period. Jupiter Asset Management Ltd. owned 1.44% of Vital Farms worth $23,696,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new stake in Vital Farms in the 3rd quarter worth $35,000. US Bancorp DE lifted its position in shares of Vital Farms by 160.3% in the 4th quarter. US Bancorp DE now owns 1,416 shares of the company's stock worth $53,000 after purchasing an additional 872 shares during the period. Mendota Financial Group LLC purchased a new stake in shares of Vital Farms in the 4th quarter worth about $62,000. Principal Securities Inc. lifted its position in shares of Vital Farms by 29.4% in the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock worth $63,000 after purchasing an additional 380 shares during the period. Finally, Rothschild Investment LLC lifted its position in shares of Vital Farms by 191.2% in the 4th quarter. Rothschild Investment LLC now owns 1,814 shares of the company's stock worth $68,000 after purchasing an additional 1,191 shares during the period. Institutional investors own 98.59% of the company's stock.

Insiders Place Their Bets

In other news, CEO Russell Diez-Canseco sold 44,628 shares of Vital Farms stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $42.24, for a total value of $1,885,086.72. Following the completion of the sale, the chief executive officer now directly owns 668,202 shares in the company, valued at $28,224,852.48. The trade was a 6.26 % decrease in their ownership of the stock. 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 Vital Farms stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $38.19, for a total transaction of $916,560.00. Following the completion of the sale, the insider now owns 7,038,890 shares of the company's stock, valued at $268,815,209.10. This represents a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 145,474 shares of company stock valued at $6,171,500. Insiders own 27.60% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have recently commented on VITL shares. DA Davidson dropped their target price on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Friday. Craig Hallum started coverage on shares of Vital Farms in a research report on Friday, December 20th. They issued a "buy" rating and a $50.00 target price for the company. William Blair reaffirmed an "outperform" rating on shares of Vital Farms in a research report on Friday, February 28th. TD Cowen lifted their price target on shares of Vital Farms from $41.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus raised shares of Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price target for the company in a research report on Friday, February 28th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $43.71.

Vital Farms Stock Up 5.5 %

NASDAQ VITL traded up $1.62 during trading hours on Friday, reaching $30.94. 1,209,781 shares of the company's stock traded hands, compared to its average volume of 983,190. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The firm has a market cap of $1.37 billion, a PE ratio of 27.63 and a beta of 0.95. Vital Farms, Inc. has a 52-week low of $21.30 and a 52-week high of $48.41. The firm has a 50-day simple moving average of $37.28 and a 200 day simple moving average of $35.67.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.08. The business had revenue of $165.99 million during the quarter, compared to analysts' expectations of $160.32 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. Sell-side analysts anticipate 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.