Vital Farms, Inc. (NASDAQ:VITL) Shares Sold by Trexquant Investment LP

Trexquant Investment LP lowered its position in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 13.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 272,782 shares of the company's stock after selling 40,727 shares during the quarter. Trexquant Investment LP owned 0.62% of Vital Farms worth $10,281,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC grew its holdings in shares of Vital Farms by 152.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock worth $35,000 after purchasing an additional 540 shares during the period. US Bancorp DE lifted its position in Vital Farms by 160.3% during the fourth quarter. US Bancorp DE now owns 1,416 shares of the company's stock valued at $53,000 after buying an additional 872 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in Vital Farms during the fourth quarter worth approximately $59,000. Mendota Financial Group LLC acquired a new stake in shares of Vital Farms in the fourth quarter worth $62,000. Finally, Principal Securities Inc. raised 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 acquiring an additional 380 shares during the period. Hedge funds and other institutional investors own 98.59% of the company's stock.

Vital Farms Stock Down 0.5 %

Shares of VITL traded down $0.15 during midday trading on Friday, hitting $32.23. The company had a trading volume of 1,166,234 shares, compared to its average volume of 1,023,975. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 28.78 and a beta of 0.96. The company's 50 day moving average price is $33.90 and its 200 day moving average price is $35.63. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. Vital Farms, Inc. has a 52 week low of $24.12 and a 52 week high of $48.41.

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

Analyst Ratings Changes

A number of analysts recently weighed in on VITL shares. DA Davidson decreased their price target on shares of 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 raised Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 target price for the company in a research report on Friday, February 28th. Craig Hallum began coverage on Vital Farms in a report on Friday, December 20th. They set a "buy" rating and a $50.00 target price on the stock. William Blair restated an "outperform" rating on shares of Vital Farms in a report on Friday, February 28th. Finally, TD Cowen lifted their price objective on shares of Vital Farms from $41.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vital Farms presently has an average rating of "Buy" and an average target price of $42.00.

Insiders Place Their Bets

In other news, insider Joanne Bal sold 28,246 shares of the company's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $45.10, for a total transaction of $1,273,894.60. Following the completion of the transaction, the insider now directly owns 59,371 shares of the company's stock, valued at approximately $2,677,632.10. This represents a 32.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Kathryn Mckeon sold 12,300 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $44.05, for a total value of $541,815.00. Following the completion of the sale, the chief marketing officer now directly owns 46,203 shares in the company, valued at approximately $2,035,242.15. This trade represents a 21.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 145,474 shares of company stock valued at $5,969,700 over the last 90 days. 27.60% of the stock is owned by company insiders.

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.