Clean Yield Group Grows Stock Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Clean Yield Group lifted its position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 5,415.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,224 shares of the company's stock after acquiring an additional 29,676 shares during the quarter. Clean Yield Group owned 0.07% of Vital Farms worth $1,060,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC raised its position in Vital Farms by 9.2% in the first quarter. William Blair Investment Management LLC now owns 2,650,008 shares of the company's stock worth $61,613,000 after acquiring an additional 224,335 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Vital Farms by 9.3% in the 1st quarter. Vanguard Group Inc. now owns 1,801,952 shares of the company's stock valued at $41,895,000 after purchasing an additional 152,743 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Vital Farms by 29.7% in the second quarter. Marshall Wace LLP now owns 937,755 shares of the company's stock valued at $43,859,000 after purchasing an additional 214,839 shares during the period. Lord Abbett & CO. LLC boosted its holdings in Vital Farms by 116.1% during the first quarter. Lord Abbett & CO. LLC now owns 862,644 shares of the company's stock worth $20,056,000 after buying an additional 463,471 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Vital Farms by 73.0% during the second quarter. Renaissance Technologies LLC now owns 784,153 shares of the company's stock worth $36,675,000 after buying an additional 331,000 shares during the period. 98.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VITL shares. TD Cowen upgraded 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, August 9th. Stifel Nicolaus dropped their price objective on Vital Farms from $42.00 to $34.00 and set a "hold" rating for the company in a research note on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $34.60.

Insider Activity

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $39.58, for a total value of $949,920.00. Following the completion of the sale, the insider now directly owns 7,266,777 shares of the company's stock, valued at approximately $287,619,033.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the firm's stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $39.58, for a total value of $949,920.00. Following the sale, the insider now directly owns 7,266,777 shares of the company's stock, valued at approximately $287,619,033.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Russell Diez-Canseco sold 44,381 shares of the company's stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $43.71, for a total transaction of $1,939,893.51. Following the transaction, the chief executive officer now directly owns 427,839 shares of the company's stock, valued at approximately $18,700,842.69. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 30.20% of the company's stock.

Vital Farms Price Performance

NASDAQ:VITL traded up $1.02 during trading hours on Tuesday, reaching $38.69. 606,469 shares of the company traded hands, compared to its average volume of 714,298. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.50 and a quick ratio of 3.03. The firm's 50-day moving average is $32.84 and its 200-day moving average is $34.61. The stock has a market cap of $1.67 billion, a P/E ratio of 43.94 and a beta of 0.97. Vital Farms, Inc. has a 1-year low of $10.41 and a 1-year high of $48.41.

Vital Farms (NASDAQ:VITL - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.16. The business had revenue of $147.39 million for the quarter, compared to analyst estimates of $138.41 million. Vital Farms had a return on equity of 22.77% and a net margin of 8.70%. The business's revenue for the quarter was up 38.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 earnings per share. Equities research analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

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.