Pictet Asset Management Holding SA Acquires 208,951 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Pictet Asset Management Holding SA increased its position in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 30.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 905,354 shares of the company's stock after acquiring an additional 208,951 shares during the quarter. Pictet Asset Management Holding SA owned about 2.07% of Vital Farms worth $34,123,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE increased its stake in shares of Vital Farms by 160.3% in the fourth 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 period. Frazier Financial Advisors LLC bought a new stake in shares of Vital Farms in the fourth quarter valued at approximately $59,000. Mendota Financial Group LLC bought a new stake in shares of Vital Farms in the fourth quarter valued at approximately $62,000. Principal Securities Inc. grew its stake in shares of 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 during the last quarter. Finally, Rothschild Investment LLC raised its stake in Vital Farms by 191.2% during the 4th quarter. Rothschild Investment LLC now owns 1,814 shares of the company's stock valued at $68,000 after purchasing an additional 1,191 shares during the last quarter. Institutional investors and hedge funds own 98.59% of the company's stock.

Vital Farms Price Performance

Vital Farms stock traded down $0.06 during mid-day trading on Friday, hitting $32.33. 306,854 shares of the company were exchanged, compared to its average volume of 1,018,096. Vital Farms, Inc. has a 1-year low of $23.85 and a 1-year high of $48.41. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $34.12 and a 200 day moving average of $35.63. The company has a market capitalization of $1.43 billion, a PE ratio of 28.90 and a beta of 0.96.

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Vital Farms (NASDAQ:VITL - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.08. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The firm had revenue of $165.99 million for the quarter, compared to analyst estimates of $160.32 million. As a group, sell-side analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on VITL. Stifel Nicolaus upgraded shares of Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price objective on the stock in a report on Friday, February 28th. Morgan Stanley started coverage on Vital Farms in a report on Monday, March 24th. They issued an "overweight" rating and a $30.00 price target for the company. Craig Hallum initiated coverage on Vital Farms in a report on Friday, December 20th. They set a "buy" rating and a $50.00 price objective on the stock. DA Davidson lowered their price objective 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 target price on Vital Farms from $41.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Vital Farms currently has a consensus rating of "Buy" and an average price target of $42.00.

Insiders Place Their Bets

In other Vital Farms news, insider Joanne Bal sold 28,246 shares of the business's stock in a transaction dated Friday, January 17th. The shares were 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 directly owns 59,371 shares of the company's stock, valued at approximately $2,677,632.10. The trade was a 32.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Kathryn Mckeon sold 12,300 shares of the company's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $44.05, for a total transaction of $541,815.00. Following the transaction, the chief marketing officer now owns 46,203 shares in the company, valued at $2,035,242.15. The trade was a 21.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 145,474 shares of company stock valued at $5,969,700. 27.60% of the stock is currently owned by corporate insiders.

Vital Farms 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.