Landscape Capital Management L.L.C. Takes Position in Vital Farms, Inc. (NASDAQ:VITL)

Landscape Capital Management L.L.C. bought a new position in Vital Farms, Inc. (NASDAQ:VITL - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 52,014 shares of the company's stock, valued at approximately $1,960,000. Landscape Capital Management L.L.C. owned approximately 0.12% of Vital Farms at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Private Wealth Group LLC grew its position in Vital Farms by 152.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock worth $35,000 after purchasing an additional 540 shares in the last quarter. US Bancorp DE lifted its holdings in Vital Farms by 160.3% during the fourth 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. Frazier Financial Advisors LLC purchased a new position in Vital Farms in the fourth quarter worth $59,000. Mendota Financial Group LLC bought a new position in Vital Farms in the 4th quarter valued at $62,000. Finally, Principal Securities Inc. increased its holdings in Vital Farms by 29.4% during the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock worth $63,000 after buying an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 98.59% of the company's stock.

Vital Farms Price Performance

Vital Farms stock traded down $0.94 during mid-day trading on Thursday, hitting $32.86. 321,647 shares of the company traded hands, compared to its average volume of 1,028,740. The stock has a fifty day moving average price of $32.84 and a 200-day moving average price of $35.63. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 29.37 and a beta of 0.96. Vital Farms, Inc. has a one year low of $24.52 and a one year high of $48.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24.

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Vital Farms (NASDAQ:VITL - Get Free Report) last announced 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. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The company had revenue of $165.99 million during the quarter, compared to analyst estimates of $160.32 million. On average, equities analysts predict 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, CEO Russell Diez-Canseco sold 44,628 shares of the company's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $42.24, for a total transaction 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. This represents a 6.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joanne Bal sold 28,246 shares of Vital Farms stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $45.10, for a total value of $1,273,894.60. Following the completion of the transaction, the insider now owns 59,371 shares in the company, valued at approximately $2,677,632.10. This represents a 32.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 145,474 shares of company stock valued at $5,969,700. Corporate insiders own 27.60% of the company's stock.

Analysts Set New Price Targets

VITL has been the subject of a number of research reports. Stifel Nicolaus upgraded shares of Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 target price for the company in a research report on Friday, February 28th. 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 on the stock. William Blair reiterated an "outperform" rating on shares of Vital Farms in a research report on Friday, February 28th. Telsey Advisory Group reissued an "outperform" rating and set a $52.00 price objective on shares of Vital Farms in a report on Thursday, March 13th. Finally, Morgan Stanley started coverage on Vital Farms in a research note on Monday, March 24th. They issued an "overweight" rating and a $30.00 target price for the company. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $42.00.

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.