KLP Kapitalforvaltning AS Invests $558,000 in Vital Farms, Inc. (NASDAQ:VITL)

KLP Kapitalforvaltning AS purchased a new position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 14,800 shares of the company's stock, valued at approximately $558,000.

A number of other institutional investors have also modified their holdings of the company. US Bancorp DE grew its stake in 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 acquiring an additional 872 shares during the period. Mendota Financial Group LLC purchased a new stake in shares of Vital Farms in the fourth quarter valued at $62,000. Principal Securities Inc. increased its stake in Vital Farms by 29.4% in the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock valued at $63,000 after purchasing an additional 380 shares during the last quarter. Rothschild Investment LLC lifted its position in Vital Farms by 191.2% during the fourth quarter. Rothschild Investment LLC now owns 1,814 shares of the company's stock worth $68,000 after buying an additional 1,191 shares during the period. Finally, Quarry LP boosted its stake in Vital Farms by 87.1% in the 3rd quarter. Quarry LP now owns 2,414 shares of the company's stock worth $85,000 after buying an additional 1,124 shares during the last quarter. Institutional investors and hedge funds own 98.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on VITL shares. Telsey Advisory Group reaffirmed an "outperform" rating and set a $52.00 price objective on shares of Vital Farms in a research note on Thursday, March 13th. Craig Hallum started coverage on shares of Vital Farms in a research report on Friday, December 20th. They set a "buy" rating and a $50.00 price target for the company. DA Davidson decreased their price target on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Morgan Stanley started coverage on Vital Farms in a report on Monday, March 24th. They set an "overweight" rating and a $30.00 price objective for the company. Finally, TD Cowen lifted their target price on Vital Farms from $41.00 to $45.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $42.00.

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Vital Farms Stock Down 0.5 %

NASDAQ:VITL traded down $0.15 during mid-day trading on Friday, hitting $32.23. The company had a trading volume of 1,166,234 shares, compared to its average volume of 1,023,975. The business has a fifty day simple moving average of $33.90 and a 200-day simple moving average of $35.63. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 28.78 and a beta of 0.96. Vital Farms, Inc. has a 1 year low of $24.12 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.

Vital Farms (NASDAQ:VITL - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. The business had revenue of $165.99 million for the quarter, compared to the consensus estimate of $160.32 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. Equities analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Activity at Vital Farms

In other Vital Farms news, insider Joanne Bal sold 28,246 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $45.10, for a total transaction of $1,273,894.60. Following the completion of the sale, the insider now owns 59,371 shares in the company, valued at $2,677,632.10. This trade represents a 32.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Russell Diez-Canseco sold 44,628 shares of the company's 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 transaction, the chief executive officer now directly owns 668,202 shares in the company, valued at approximately $28,224,852.48. The trade was a 6.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 145,474 shares of company stock valued at $5,969,700. Corporate insiders own 27.60% of the company's stock.

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.