Quantbot Technologies LP Reduces Stock Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Quantbot Technologies LP decreased its stake in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 68.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,500 shares of the company's stock after selling 37,614 shares during the period. Quantbot Technologies LP's holdings in Vital Farms were worth $660,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Principal Securities Inc. lifted its stake in shares of Vital Farms by 29.4% in the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock valued at $63,000 after purchasing an additional 380 shares during the period. Lifestyle Asset Management Inc. grew its position in shares of Vital Farms by 5.1% during the 4th quarter. Lifestyle Asset Management Inc. now owns 10,345 shares of the company's stock worth $390,000 after buying an additional 499 shares during the period. US Bancorp DE lifted its position in shares of Vital Farms by 160.3% during the 4th quarter. US Bancorp DE now owns 1,416 shares of the company's stock valued at $53,000 after acquiring an additional 872 shares during the period. Brown Brothers Harriman & Co. bought a new position in Vital Farms during the third quarter worth $35,000. Finally, Quarry LP increased its stake 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 purchasing an additional 1,124 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VITL. Morgan Stanley initiated coverage on Vital Farms in a research note on Monday, March 24th. They issued an "overweight" rating and a $30.00 target price for the company. William Blair reaffirmed an "outperform" rating on shares of Vital Farms in a research report on Friday, February 28th. Craig Hallum began coverage on Vital Farms in a report on Friday, December 20th. They issued a "buy" rating and a $50.00 target price on the stock. Stifel Nicolaus 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 note on Friday, February 28th. Finally, DA Davidson dropped their price objective on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $42.00.

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Vital Farms Stock Up 2.5 %

NASDAQ:VITL traded up $0.75 during trading hours on Monday, hitting $30.47. 1,013,311 shares of the company traded hands, compared to its average volume of 1,015,105. 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 company has a market cap of $1.35 billion, a PE ratio of 27.21 and a beta of 0.95. The firm's 50-day simple moving average is $34.89 and its 200-day simple moving average is $35.68. Vital Farms, Inc. has a one year low of $23.04 and a one year high of $48.41.

Vital Farms (NASDAQ:VITL - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The company had revenue of $165.99 million during the quarter, compared to the consensus estimate of $160.32 million. Equities analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,628 shares of the company's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $42.24, for a total value of $1,885,086.72. Following the completion of the transaction, the chief executive officer now owns 668,202 shares in the company, valued at $28,224,852.48. This represents a 6.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthew Ohayer sold 20,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $29.46, for a total value of $589,200.00. Following the sale, the insider now directly owns 6,970,890 shares of the company's stock, valued at approximately $205,362,419.40. This represents a 0.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 145,474 shares of company stock worth $5,969,700. Insiders own 27.60% of the company's stock.

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.