24,189 Shares in Vital Farms, Inc. (NASDAQ:VITL) Acquired by Vestcor Inc

Vestcor Inc acquired a new stake in Vital Farms, Inc. (NASDAQ:VITL - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 24,189 shares of the company's stock, valued at approximately $848,000. Vestcor Inc owned approximately 0.06% of Vital Farms as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP purchased a new position in Vital Farms in the third quarter valued at about $16,464,000. Millennium Management LLC raised its position in shares of Vital Farms by 651.3% in the 2nd quarter. Millennium Management LLC now owns 494,153 shares of the company's stock valued at $23,112,000 after purchasing an additional 428,382 shares in the last quarter. Emerald Advisers LLC boosted its stake in shares of Vital Farms by 106.8% during the 3rd quarter. Emerald Advisers LLC now owns 706,440 shares of the company's stock valued at $24,775,000 after buying an additional 364,837 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Vital Farms by 73.0% during the second quarter. Renaissance Technologies LLC now owns 784,153 shares of the company's stock worth $36,675,000 after buying an additional 331,000 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Vital Farms by 73.6% during the second quarter. Acadian Asset Management LLC now owns 679,504 shares of the company's stock worth $31,766,000 after buying an additional 288,039 shares in the last quarter. Hedge funds and other institutional investors own 98.59% of the company's stock.

Insiders Place Their Bets

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the firm's stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $39.09, for a total transaction of $938,160.00. Following the transaction, the insider now 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 available at this hyperlink. Also, CEO Russell Diez-Canseco sold 44,653 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now owns 537,349 shares in the company, valued at $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. 27.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on VITL shares. TD Cowen reduced their price objective on shares of Vital Farms from $46.00 to $41.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. DA Davidson increased their price target on shares of Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group decreased their price target on Vital Farms from $45.00 to $41.00 and set a "buy" rating for the company in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Vital Farms has a consensus rating of "Moderate Buy" and a consensus target price of $39.20.

Vital Farms Stock Performance

Shares of NASDAQ VITL traded up $0.58 during midday trading on Friday, hitting $37.57. The company's stock had a trading volume of 892,194 shares, compared to its average volume of 815,883. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. Vital Farms, Inc. has a 1-year low of $14.14 and a 1-year high of $48.41. The firm's fifty day moving average price is $34.83 and its 200-day moving average price is $36.49. The firm has a market cap of $1.65 billion, a P/E ratio of 33.54 and a beta of 0.93.

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