Prudential Financial Inc. Has $2.26 Million Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Prudential Financial Inc. lessened its stake in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 54.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,965 shares of the company's stock after selling 71,915 shares during the quarter. Prudential Financial Inc. owned about 0.14% of Vital Farms worth $2,260,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC bought a new stake in shares of Vital Farms during the third quarter valued at approximately $301,000. Charles Schwab Investment Management Inc. boosted its position in Vital Farms by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 253,434 shares of the company's stock valued at $8,888,000 after buying an additional 14,426 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Vital Farms by 6.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 39,658 shares of the company's stock valued at $1,391,000 after buying an additional 2,551 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of Vital Farms in the 3rd quarter valued at $302,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Vital Farms by 4.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 74,263 shares of the company's stock worth $2,604,000 after acquiring an additional 3,274 shares during the last quarter. 98.59% of the stock is owned by institutional investors.

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Vital Farms Trading Down 1.2 %

NASDAQ:VITL traded down $0.39 during trading hours on Tuesday, hitting $32.30. The stock had a trading volume of 1,293,685 shares, compared to its average volume of 1,027,108. The business's 50 day moving average is $33.26 and its 200-day moving average is $35.65. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 28.84 and a beta of 0.96. Vital Farms, Inc. has a one year low of $24.12 and a one year high of $48.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The business had revenue of $165.99 million for the quarter, compared to the consensus estimate of $160.32 million. Sell-side analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Ratings Changes

VITL has been the topic of several recent research reports. Morgan Stanley began coverage on Vital Farms in a report on Monday, March 24th. They issued an "overweight" rating and a $30.00 price target on the stock. William Blair reaffirmed an "outperform" rating on shares of Vital Farms in a research note on Friday, February 28th. Stifel Nicolaus raised 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 note on Friday, February 28th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $52.00 price objective on shares of Vital Farms in a research note on Thursday, March 13th. Finally, Craig Hallum assumed coverage on shares of Vital Farms in a report on Friday, December 20th. They set a "buy" rating and a $50.00 target price for the company. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $42.00.

Insider Activity

In related news, insider Joanne Bal sold 28,246 shares of the firm's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $45.10, for a total transaction of $1,273,894.60. Following the sale, the insider now directly owns 59,371 shares in the company, valued at $2,677,632.10. This trade represents a 32.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Matthew Ohayer sold 4,000 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $31.39, for a total transaction of $125,560.00. Following the completion of the sale, the insider now directly owns 6,966,890 shares in the company, valued at $218,690,677.10. This represents a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 145,474 shares of company stock worth $5,969,700 in the last 90 days. Corporate insiders own 27.60% of the company's stock.

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.