Vital Farms, Inc. (NASDAQ:VITL) Shares Sold by Tidal Investments LLC

Tidal Investments LLC cut its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 38.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,092 shares of the company's stock after selling 13,343 shares during the period. Tidal Investments LLC's holdings in Vital Farms were worth $740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VITL. Marshall Wace LLP increased its stake in shares of Vital Farms by 29.7% in the 2nd quarter. Marshall Wace LLP now owns 937,755 shares of the company's stock valued at $43,859,000 after purchasing an additional 214,839 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Vital Farms by 73.0% in the second quarter. Renaissance Technologies LLC now owns 784,153 shares of the company's stock valued at $36,675,000 after purchasing an additional 331,000 shares during the period. Geode Capital Management LLC increased its holdings in shares of Vital Farms by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 749,659 shares of the company's stock worth $26,296,000 after buying an additional 31,187 shares during the last quarter. Emerald Advisers LLC increased its stake in Vital Farms by 106.8% during the third quarter. Emerald Advisers LLC now owns 706,440 shares of the company's stock worth $24,775,000 after acquiring an additional 364,837 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Vital Farms by 73.6% in the 2nd quarter. Acadian Asset Management LLC now owns 679,504 shares of the company's stock valued at $31,766,000 after buying an additional 288,039 shares during the period. 98.59% of the stock is owned by institutional investors and hedge funds.

Vital Farms Stock Performance

Shares of VITL stock traded up $0.95 during midday trading on Friday, hitting $39.69. The company had a trading volume of 1,902,102 shares, compared to its average volume of 820,643. Vital Farms, Inc. has a 52-week low of $14.16 and a 52-week high of $48.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The company's 50 day simple moving average is $34.83 and its 200 day simple moving average is $36.32. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 35.44 and a beta of 0.93.

Vital Farms (NASDAQ:VITL - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The firm had revenue of $145.00 million during the quarter, compared to analysts' expectations of $145.27 million. During the same period in the prior year, the company posted $0.10 earnings per share. The firm's revenue for the quarter was up 31.3% on a year-over-year basis. Research analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Matthew Ohayer sold 24,000 shares of the business's stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $39.09, for a total transaction of $938,160.00. Following the sale, the insider now owns 7,194,777 shares of the company's stock, valued at $281,243,832.93. The trade was a 0.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Russell Diez-Canseco sold 44,653 shares of the firm's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $40.07, for a total value of $1,789,245.71. Following the completion of the transaction, the chief executive officer now owns 537,349 shares of the company's stock, valued at approximately $21,531,574.43. This represents a 7.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,381 shares of company stock worth $4,411,862. 27.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on VITL. Craig Hallum assumed coverage on shares of Vital Farms in a report on Friday. They issued a "buy" rating and a $50.00 price objective on the stock. DA Davidson lifted their price objective on Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. TD Cowen lowered their target price on shares of Vital Farms from $46.00 to $41.00 and set a "buy" rating for the company in a research note on Friday, November 8th. Finally, Jefferies Financial Group lowered their price target on Vital Farms from $45.00 to $41.00 and set a "buy" rating for the company in a report on Monday, November 11th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $41.00.

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.