Navellier & Associates Inc. Has $3.16 Million Stake in Vital Farms, Inc. (NASDAQ:VITL)

Navellier & Associates Inc. boosted its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 40.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,917 shares of the company's stock after acquiring an additional 24,234 shares during the quarter. Navellier & Associates Inc. owned about 0.19% of Vital Farms worth $3,163,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new stake in shares of Vital Farms during the third quarter worth $35,000. Mendota Financial Group LLC acquired a new position in Vital Farms during the fourth quarter worth $62,000. Principal Securities Inc. raised its position in Vital Farms by 29.4% in the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock worth $63,000 after acquiring an additional 380 shares in the last quarter. Quarry LP lifted its holdings in Vital Farms by 87.1% in the third quarter. Quarry LP now owns 2,414 shares of the company's stock valued at $85,000 after acquiring an additional 1,124 shares during the period. Finally, Values First Advisors Inc. purchased a new stake in shares of Vital Farms during the 4th quarter worth $199,000. Institutional investors and hedge funds own 98.59% of the company's stock.

Analysts Set New Price Targets

VITL has been the subject of several recent analyst reports. Jefferies Financial Group reduced their price objective on shares of Vital Farms from $45.00 to $41.00 and set a "buy" rating for the company in a research note on Monday, November 11th. Craig Hallum initiated coverage on Vital Farms in a research note on Friday, December 20th. They set a "buy" rating and a $50.00 price target on the stock. Telsey Advisory Group restated an "outperform" rating and issued a $52.00 price target on shares of Vital Farms in a report on Tuesday, February 18th. TD Cowen lifted their price objective on Vital Farms from $41.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Finally, Stifel Nicolaus upped their target price on Vital Farms from $34.00 to $44.00 and gave the company a "hold" rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Vital Farms presently has an average rating of "Moderate Buy" and an average target price of $44.57.

Vital Farms Trading Down 2.6 %

Shares of NASDAQ VITL traded down $0.89 during midday trading on Monday, reaching $34.01. 918,990 shares of the stock were exchanged, compared to its average volume of 1,088,753. Vital Farms, Inc. has a 52-week low of $16.52 and a 52-week high of $48.41. The stock has a 50 day moving average price of $39.31 and a 200-day moving average price of $35.67. The company has a market capitalization of $1.49 billion, a P/E ratio of 30.16 and a beta of 0.90. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04.

Insider Buying and Selling

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,728 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $37.66, for a total transaction of $1,684,456.48. Following the transaction, the chief executive officer now owns 613,797 shares of the company's stock, valued at approximately $23,115,595.02. This trade represents a 6.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $43.19, for a total transaction of $1,036,560.00. Following the completion of the sale, the insider now directly owns 7,014,890 shares of the company's stock, valued at approximately $302,973,099.10. This represents a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 190,202 shares of company stock valued at $7,855,957. Corporate insiders own 27.60% of the company's stock.

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.