Teacher Retirement System of Texas Sells 14,002 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Teacher Retirement System of Texas trimmed its position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 36.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,346 shares of the company's stock after selling 14,002 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.06% of Vital Farms worth $918,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VITL. US Bancorp DE grew its holdings in 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. Mendota Financial Group LLC bought a new position in Vital Farms during the 4th quarter valued at approximately $62,000. Principal Securities Inc. raised its stake in Vital Farms by 29.4% during the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock valued at $63,000 after buying an additional 380 shares during the last quarter. Rothschild Investment LLC increased its holdings in shares of Vital Farms by 191.2% during the fourth quarter. Rothschild Investment LLC now owns 1,814 shares of the company's stock valued at $68,000 after acquiring an additional 1,191 shares in the last quarter. Finally, Quarry LP raised its position in shares of Vital Farms by 87.1% in the 3rd quarter. Quarry LP now owns 2,414 shares of the company's stock worth $85,000 after purchasing an additional 1,124 shares during the last quarter. Hedge funds and other institutional investors own 98.59% of the company's stock.

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Vital Farms Trading Up 2.3 %

VITL stock traded up $0.71 during midday trading on Wednesday, reaching $31.66. 729,947 shares of the company traded hands, compared to its average volume of 1,017,596. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 28.27 and a beta of 0.95. Vital Farms, Inc. has a 52-week low of $23.68 and a 52-week high of $48.41. The business has a 50 day moving average of $34.38 and a 200-day moving average of $35.65. 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 results on Thursday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.08. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The company had revenue of $165.99 million during the quarter, compared to the consensus estimate 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 fiscal year.

Insider Activity at Vital Farms

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. DA Davidson decreased their target price on Vital Farms from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Friday, March 14th. 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 research report on Friday, February 28th. Telsey Advisory Group reiterated an "outperform" rating and set a $52.00 target price on shares of Vital Farms in a research note on Thursday, March 13th. Morgan Stanley started coverage on Vital Farms in a research report on Monday, March 24th. They set an "overweight" rating and a $30.00 price objective for the company. Finally, Craig Hallum began coverage on Vital Farms in a research report on Friday, December 20th. They issued a "buy" rating and a $50.00 target price on the stock. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, Vital Farms currently has a consensus rating of "Buy" and an average target price of $42.00.

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.