Ellsworth Advisors LLC Buys Shares of 18,101 Vital Farms, Inc. (NASDAQ:VITL)

Ellsworth Advisors LLC bought a new position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,101 shares of the company's stock, valued at approximately $635,000.

Several other institutional investors have also recently added to or reduced their stakes in VITL. 1620 Investment Advisors Inc. acquired a new position in shares of Vital Farms in the second quarter valued at approximately $42,000. CWM LLC lifted its position in shares of Vital Farms by 162.9% in the second quarter. CWM LLC now owns 1,057 shares of the company's stock valued at $49,000 after acquiring an additional 655 shares in the last quarter. Quarry LP lifted its position in shares of Vital Farms by 180.4% in the second quarter. Quarry LP now owns 1,290 shares of the company's stock valued at $60,000 after acquiring an additional 830 shares in the last quarter. nVerses Capital LLC lifted its position in shares of Vital Farms by 66.7% in the second quarter. nVerses Capital LLC now owns 2,000 shares of the company's stock valued at $94,000 after acquiring an additional 800 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in Vital Farms during the second quarter worth about $97,000. Hedge funds and other institutional investors own 98.59% of the company's stock.

Insiders Place Their Bets

In other news, CEO Russell Diez-Canseco sold 44,653 shares of Vital Farms stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $40.07, for a total value of $1,789,245.71. Following the transaction, the chief executive officer now directly owns 537,349 shares in the company, valued at approximately $21,531,574.43. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 30.20% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on VITL. TD Cowen upgraded Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price target for the company in a research note on Friday, August 9th. DA Davidson raised their price objective on Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Finally, Stifel Nicolaus reduced their target price on Vital Farms from $42.00 to $34.00 and set a "hold" rating on the stock in a report on Friday, August 9th. One 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 company has a consensus rating of "Moderate Buy" and an average price target of $35.20.

Vital Farms Price Performance

Shares of VITL stock traded up $0.08 during mid-day trading on Friday, hitting $40.35. 699,910 shares of the stock traded hands, compared to its average volume of 724,155. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.03 and a current ratio of 3.50. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 47.47 and a beta of 0.97. The company's 50-day simple moving average is $33.81 and its 200-day simple moving average is $35.57. Vital Farms, Inc. has a twelve month low of $10.41 and a twelve month high of $48.41.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.16. The firm had revenue of $147.39 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 earnings per share. As a group, equities research analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current 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.