Renaissance Group LLC Raises Stake in Vital Farms, Inc. (NASDAQ:VITL)

Renaissance Group LLC raised its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 41.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,135 shares of the company's stock after purchasing an additional 39,917 shares during the period. Renaissance Group LLC owned 0.31% of Vital Farms worth $5,131,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. CIBC Private Wealth Group LLC raised its holdings in shares of Vital Farms by 152.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock valued at $35,000 after acquiring an additional 540 shares in the last quarter. US Bancorp DE raised its holdings in Vital Farms by 160.3% in the 4th quarter. US Bancorp DE now owns 1,416 shares of the company's stock worth $53,000 after purchasing an additional 872 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in Vital Farms in the 4th quarter worth $59,000. Mendota Financial Group LLC purchased a new stake in shares of Vital Farms in the 4th quarter worth about $62,000. Finally, Principal Securities Inc. boosted its stake in shares of Vital Farms by 29.4% during 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 in the last quarter. Hedge funds and other institutional investors own 98.59% of the company's stock.

Analyst Upgrades and Downgrades

VITL has been the subject of a number of research reports. Telsey Advisory Group reissued an "outperform" rating and issued a $52.00 price target on shares of Vital Farms in a research note on Thursday, March 13th. DA Davidson lowered their target price on Vital Farms from $44.00 to $42.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Morgan Stanley assumed coverage on Vital Farms in a research report on Monday, March 24th. They set an "overweight" rating and a $30.00 price target on the stock. Stifel Nicolaus upgraded Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price objective for the company in a report on Friday, February 28th. Finally, William Blair restated an "outperform" rating on shares of Vital Farms in a report on Friday, February 28th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $42.00.

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Insider Buying and Selling at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 20,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $29.46, for a total value of $589,200.00. Following the completion of the transaction, the insider now owns 6,970,890 shares of the company's stock, valued at approximately $205,362,419.40. The trade was a 0.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Kathryn Mckeon sold 12,300 shares of the firm's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $42.08, for a total transaction of $517,584.00. Following the sale, the chief marketing officer now directly owns 46,203 shares in the company, valued at approximately $1,944,222.24. The trade was a 21.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 145,474 shares of company stock worth $5,969,700. Insiders own 27.60% of the company's stock.

Vital Farms Stock Up 2.8 %

Shares of VITL traded up $0.92 during trading hours on Friday, hitting $34.01. The company had a trading volume of 752,805 shares, compared to its average volume of 1,035,134. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 30.37 and a beta of 0.96. The firm has a fifty day moving average price of $32.62 and a 200-day moving average price of $35.61. Vital Farms, Inc. has a 52-week low of $24.52 and a 52-week 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 earnings results on Thursday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, topping 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 business had revenue of $165.99 million during the quarter, compared to analysts' expectations of $160.32 million. On average, equities research analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

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.