Versor Investments LP Increases Position in Vital Farms, Inc. (NASDAQ:VITL)

Versor Investments LP increased its stake in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 336.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,012 shares of the company's stock after acquiring an additional 23,912 shares during the period. Versor Investments LP owned about 0.07% of Vital Farms worth $1,088,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. grew its holdings in shares of Vital Farms by 2,006.1% during the 1st quarter. Russell Investments Group Ltd. now owns 148,541 shares of the company's stock worth $3,454,000 after acquiring an additional 141,488 shares during the period. Inspire Investing LLC bought a new position in shares of Vital Farms during the 1st quarter valued at $1,003,000. Marshall Wace LLP raised its holdings in Vital Farms by 29.7% in the 2nd quarter. Marshall Wace LLP now owns 937,755 shares of the company's stock worth $43,859,000 after purchasing an additional 214,839 shares during the period. SG Americas Securities LLC bought a new position in Vital Farms in the 2nd quarter worth $2,300,000. Finally, Lord Abbett & CO. LLC raised its holdings in Vital Farms by 116.1% in the 1st quarter. Lord Abbett & CO. LLC now owns 862,644 shares of the company's stock worth $20,056,000 after purchasing an additional 463,471 shares during the period. Institutional investors own 98.59% of the company's stock.

Insider Activity

In other news, insider Matthew Ohayer sold 24,000 shares of the business's stock in a transaction on Monday, October 21st. The shares were sold at an average price of $39.09, for a total transaction of $938,160.00. Following the sale, the insider now directly owns 7,194,777 shares of the company's stock, valued at $281,243,832.93. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Matthew Ohayer sold 24,000 shares of the business's stock in a transaction on Monday, October 21st. The shares were sold at an average price of $39.09, for a total transaction of $938,160.00. Following the completion of the transaction, the insider now directly owns 7,194,777 shares in the company, valued at $281,243,832.93. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Russell Diez-Canseco sold 44,653 shares of the business's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the transaction, the chief executive officer now owns 537,349 shares of the company's stock, valued at $21,531,574.43. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 27.60% of the company's stock.

Vital Farms Stock Down 2.9 %

NASDAQ:VITL traded down $0.85 during trading hours on Tuesday, reaching $28.43. The company's stock had a trading volume of 1,270,807 shares, compared to its average volume of 786,096. The company has a market capitalization of $1.23 billion, a P/E ratio of 26.14 and a beta of 0.97. Vital Farms, Inc. has a 12 month low of $11.72 and a 12 month high of $48.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.03 and a current ratio of 3.50. The stock has a 50 day moving average price of $34.96 and a two-hundred day moving average price of $36.74.

Vital Farms (NASDAQ:VITL - Get Free Report) last released 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 23.29%. The business had revenue of $145.00 million for the quarter, compared to analyst estimates of $145.27 million. During the same period in the previous year, the company earned $0.10 earnings per share. The business's revenue for the quarter was up 31.3% on a year-over-year basis. Equities analysts predict that Vital Farms, Inc. will post 1.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on VITL shares. Stifel Nicolaus decreased their price target on Vital Farms from $42.00 to $34.00 and set a "hold" rating on the stock in a report on Friday, August 9th. Jefferies Financial Group dropped their price target on Vital Farms from $45.00 to $41.00 and set a "buy" rating for the company in a research report on Monday. TD Cowen decreased their price objective 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. Finally, DA Davidson raised their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Vital Farms has an average rating of "Moderate Buy" and an average target price of $39.20.

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.