ExodusPoint Capital Management LP Has $1.34 Million Position in Vital Farms, Inc. (NASDAQ:VITL)

ExodusPoint Capital Management LP trimmed its position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 57.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,491 shares of the company's stock after selling 48,672 shares during the period. ExodusPoint Capital Management LP owned approximately 0.08% of Vital Farms worth $1,338,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted its position in Vital Farms by 152.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock valued at $35,000 after buying an additional 540 shares during the last quarter. US Bancorp DE boosted its holdings in Vital Farms by 160.3% in the fourth quarter. US Bancorp DE now owns 1,416 shares of the company's stock valued at $53,000 after purchasing an additional 872 shares during the last quarter. Frazier Financial Advisors LLC purchased a new position in Vital Farms in the fourth quarter valued at about $59,000. Mendota Financial Group LLC acquired a new stake in Vital Farms during the 4th quarter valued at approximately $62,000. Finally, Principal Securities Inc. increased its holdings in Vital Farms by 29.4% during the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock worth $63,000 after purchasing an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 98.59% of the company's stock.

Vital Farms Stock Performance

Shares of VITL traded down $0.41 during trading hours on Monday, reaching $33.60. 484,554 shares of the company's stock traded hands, compared to its average volume of 1,033,003. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 30.00 and a beta of 0.96. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The business's fifty day simple moving average is $32.62 and its two-hundred day simple moving average is $35.61. Vital Farms, Inc. has a twelve month low of $24.52 and a twelve month high of $48.41.

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

Insiders Place Their Bets

In other news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $43.19, for a total value of $1,036,560.00. Following the completion of the transaction, the insider now directly owns 7,014,890 shares of the company's stock, valued at approximately $302,973,099.10. This represents a 0.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joanne Bal sold 28,246 shares of the business's 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 completion of the transaction, the insider now owns 59,371 shares in the company, valued at approximately $2,677,632.10. This trade represents a 32.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 88,546 shares of company stock valued at $3,567,030 over the last quarter. Insiders own 27.60% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on VITL shares. Telsey Advisory Group reiterated an "outperform" rating and set a $52.00 target price on shares of Vital Farms in a research note on Thursday, March 13th. 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. TD Cowen lifted their price target on Vital Farms from $41.00 to $45.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. William Blair reissued an "outperform" rating on shares of Vital Farms in a report on Friday, February 28th. Finally, DA Davidson reduced their target price on Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Vital Farms has a consensus rating of "Buy" and a consensus price target of $42.00.

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.