Mirova Invests $411,000 in Vital Farms, Inc. (NASDAQ:VITL)

Mirova purchased a new position in Vital Farms, Inc. (NASDAQ:VITL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,900 shares of the company's stock, valued at approximately $411,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. CIBC Private Wealth Group LLC lifted its holdings in shares of Vital Farms by 152.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock valued at $35,000 after purchasing an additional 540 shares in the last quarter. US Bancorp DE lifted its holdings 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 purchasing an additional 872 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Vital Farms during the 4th quarter worth $59,000. Mendota Financial Group LLC bought a new stake in Vital Farms during the fourth quarter valued at about $62,000. Finally, Principal Securities Inc. boosted its stake in Vital Farms by 29.4% during the 4th 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 period. 98.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VITL. William Blair reissued an "outperform" rating on shares of Vital Farms in a research report on Friday, February 28th. 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. Morgan Stanley cut their target price on shares of Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. DA Davidson decreased their price target on Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Finally, TD Cowen raised their price target on Vital Farms from $41.00 to $45.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $43.13.

Vital Farms Stock Performance

Vital Farms stock traded down $0.12 during midday trading on Thursday, hitting $33.61. The company's stock had a trading volume of 548,626 shares, compared to its average volume of 1,038,728. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. Vital Farms, Inc. has a 1-year low of $24.87 and a 1-year high of $48.41. The company has a 50-day moving average price of $32.21 and a two-hundred day moving average price of $35.48. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 30.01 and a beta of 0.96.

Vital Farms (NASDAQ:VITL - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $160.32 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. As a group, sell-side analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Insider Activity

In related news, insider Matthew Ohayer sold 20,000 shares of Vital Farms stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $29.46, for a total value of $589,200.00. Following the completion of the transaction, the insider now directly owns 6,970,890 shares in the company, valued at approximately $205,362,419.40. The trade was a 0.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Russell Diez-Canseco sold 45,124 shares of Vital Farms stock in a transaction on Monday, April 14th. The shares were sold at an average price of $33.69, for a total value of $1,520,227.56. Following the completion of the transaction, the chief executive officer now owns 703,736 shares of the company's stock, valued at approximately $23,708,865.84. This trade represents a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,124 shares of company stock worth $3,019,308 over the last quarter. 27.60% of the stock is currently owned by corporate insiders.

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.