Vital Farms, Inc. (NASDAQ:VITL) Position Increased by Verition Fund Management LLC

Verition Fund Management LLC boosted its stake in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 50.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 259,631 shares of the company's stock after acquiring an additional 87,114 shares during the quarter. Verition Fund Management LLC owned about 0.59% of Vital Farms worth $9,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp lifted its holdings in shares of Vital Farms by 8.6% during the second quarter. Van ECK Associates Corp now owns 4,095 shares of the company's stock worth $192,000 after purchasing an additional 323 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Vital Farms by 4.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 7,857 shares of the company's stock valued at $276,000 after acquiring an additional 329 shares in the last quarter. Lifestyle Asset Management Inc. boosted its holdings in shares of Vital Farms by 6.5% in the third quarter. Lifestyle Asset Management Inc. now owns 9,846 shares of the company's stock valued at $345,000 after acquiring an additional 598 shares in the last quarter. CWM LLC increased its stake in shares of Vital Farms by 162.9% during the second quarter. CWM LLC now owns 1,057 shares of the company's stock worth $49,000 after acquiring an additional 655 shares during the period. Finally, nVerses Capital LLC raised its holdings in Vital Farms by 66.7% during the second quarter. nVerses Capital LLC now owns 2,000 shares of the company's stock worth $94,000 after purchasing an additional 800 shares in the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on VITL. TD Cowen dropped their target price on Vital Farms from $46.00 to $41.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. Stifel Nicolaus cut their price objective on Vital Farms from $42.00 to $34.00 and set a "hold" rating for the company in a research report on Friday, August 9th. DA Davidson boosted their target price 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 cut their price target on shares of Vital Farms from $45.00 to $41.00 and set a "buy" rating for the company in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Vital Farms has an average rating of "Moderate Buy" and a consensus target price of $39.20.

Vital Farms Stock Up 2.7 %

Shares of NASDAQ VITL traded up $0.86 during midday trading on Friday, reaching $33.20. 1,236,853 shares of the company's stock were exchanged, compared to its average volume of 1,444,333. The business's fifty day moving average price is $34.75 and its two-hundred day moving average price is $36.68. Vital Farms, Inc. has a 52-week low of $12.82 and a 52-week high of $48.41. The stock has a market capitalization of $1.45 billion, a PE ratio of 29.64 and a beta of 0.97. 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 (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $145.00 million for the quarter, compared to analysts' expectations of $145.27 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The company's quarterly revenue was up 31.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 earnings per share. Analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current year.

Insider Buying and Selling at Vital Farms

In other news, CEO Russell Diez-Canseco sold 44,653 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 537,349 shares in the company, valued at approximately $21,531,574.43. This trade represents a 7.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Matthew Ohayer sold 24,000 shares of the business's stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $39.09, for a total transaction of $938,160.00. Following the completion of the sale, the insider now owns 7,194,777 shares in the company, valued at $281,243,832.93. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 27.60% of the stock is owned by company insiders.

Vital Farms 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.