Vanguard Group Inc. Has $84.31 Million Stock Position in Vital Farms, Inc. (NASDAQ:VITL)

Vanguard Group Inc. raised its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,236,848 shares of the company's stock after buying an additional 87,980 shares during the quarter. Vanguard Group Inc. owned about 5.11% of Vital Farms worth $84,307,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of VITL. Charles Schwab Investment Management Inc. raised its stake in Vital Farms by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 253,434 shares of the company's stock valued at $8,888,000 after purchasing an additional 14,426 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Vital Farms by 6.9% in the third quarter. The Manufacturers Life Insurance Company now owns 39,658 shares of the company's stock valued at $1,391,000 after buying an additional 2,551 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Vital Farms by 4.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 74,263 shares of the company's stock worth $2,604,000 after buying an additional 3,274 shares in the last quarter. Janus Henderson Group PLC increased its stake in 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 acquiring an additional 6,902 shares during the period. Finally, Wellington Management Group LLP acquired a new position in Vital Farms in the 3rd quarter valued at approximately $16,464,000. 98.59% of the stock is owned by institutional investors.

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Vital Farms Price Performance

Shares of Vital Farms stock traded down $0.45 during mid-day trading on Monday, reaching $33.56. 456,188 shares of the stock were exchanged, compared to its average volume of 1,032,859. Vital Farms, Inc. has a fifty-two week low of $24.52 and a fifty-two week high of $48.41. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 29.96 and a beta of 0.96. The firm has a 50-day simple moving average of $32.62 and a 200 day simple moving average of $35.61. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04.

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

Analyst Upgrades and Downgrades

VITL has been the topic of several recent research reports. TD Cowen lifted their price objective on Vital Farms from $41.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. William Blair reiterated an "outperform" rating on shares of Vital Farms in a research note on Friday, February 28th. Stifel Nicolaus raised shares of Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price target on the stock in a report on Friday, February 28th. Morgan Stanley started coverage on shares of Vital Farms in a report on Monday, March 24th. They set an "overweight" rating and a $30.00 price objective for the company. Finally, Craig Hallum initiated coverage on shares of Vital Farms in a research note 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, Based on data from MarketBeat, Vital Farms currently has a consensus rating of "Buy" and a consensus target price of $42.00.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, insider Joanne Bal sold 28,246 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $45.10, for a total transaction of $1,273,894.60. Following the sale, the insider now owns 59,371 shares of the company's stock, valued at $2,677,632.10. This represents a 32.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Kathryn Mckeon sold 12,300 shares of the business's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $44.05, for a total transaction of $541,815.00. Following the completion of the transaction, the chief marketing officer now directly owns 46,203 shares of the company's stock, valued at approximately $2,035,242.15. This represents a 21.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,546 shares of company stock worth $3,567,030. 27.60% of the stock is currently owned by insiders.

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.