Two Sigma Advisers LP Acquires 121,300 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Two Sigma Advisers LP raised its position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 67.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 300,900 shares of the company's stock after acquiring an additional 121,300 shares during the quarter. Two Sigma Advisers LP owned about 0.69% of Vital Farms worth $10,553,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Quarry LP raised its holdings in shares of Vital Farms by 87.1% during 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 during the period. Point72 Asset Management L.P. acquired a new position in shares of Vital Farms during the third quarter valued at about $1,788,000. Needham Investment Management LLC raised its holdings in shares of Vital Farms by 7.2% during the third quarter. Needham Investment Management LLC now owns 447,500 shares of the company's stock valued at $15,694,000 after purchasing an additional 30,000 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Vital Farms by 17.5% during the third quarter. Janus Henderson Group PLC now owns 46,316 shares of the company's stock valued at $1,625,000 after purchasing an additional 6,902 shares during the period. Finally, Wasatch Advisors LP acquired a new position in shares of Vital Farms during the third quarter valued at about $9,894,000. Institutional investors own 98.59% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group dropped their price objective on shares of Vital Farms from $45.00 to $41.00 and set a "buy" rating on the stock in a report on Monday, November 11th. DA Davidson upped their target price on shares of Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Finally, TD Cowen lowered their target price on shares of Vital Farms from $46.00 to $41.00 and set a "buy" rating on the stock in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $39.20.

Insider Activity

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

Vital Farms Stock Up 1.6 %

NASDAQ:VITL traded up $0.60 on Tuesday, hitting $37.57. The stock had a trading volume of 1,116,422 shares, compared to its average volume of 815,413. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. The stock has a market cap of $1.65 billion, a P/E ratio of 33.01 and a beta of 0.93. Vital Farms, Inc. has a 1 year low of $14.14 and a 1 year high of $48.41. The firm's fifty day simple moving average is $34.72 and its two-hundred day simple moving average is $36.49.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $145.27 million. During the same period in the prior year, the firm earned $0.10 EPS. The company's revenue was up 31.3% compared to the same quarter last year. Analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

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.