Wasatch Advisors LP Has $21.85 Million Position in Vital Farms, Inc. (NASDAQ:VITL)

Wasatch Advisors LP increased its position in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 105.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 579,808 shares of the company's stock after acquiring an additional 297,684 shares during the quarter. Wasatch Advisors LP owned about 1.32% of Vital Farms worth $21,853,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of VITL. Guggenheim Capital LLC bought a new stake in shares of Vital Farms in the 4th quarter worth approximately $207,000. XTX Topco Ltd grew its holdings in shares of Vital Farms by 375.8% during the 4th quarter. XTX Topco Ltd now owns 27,556 shares of the company's stock worth $1,039,000 after acquiring an additional 21,765 shares during the period. Summit Investment Advisors Inc. boosted its position in shares of Vital Farms by 15.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,487 shares of the company's stock valued at $131,000 after purchasing an additional 475 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in Vital Farms in the fourth quarter worth $10,043,000. Finally, Renaissance Group LLC raised its holdings in Vital Farms by 41.5% in the fourth quarter. Renaissance Group LLC now owns 136,135 shares of the company's stock worth $5,131,000 after purchasing an additional 39,917 shares in the last quarter. Institutional investors own 98.59% of the company's stock.

Vital Farms Stock Down 0.1 %

Shares of VITL traded down $0.04 during trading on Friday, reaching $32.99. The company's stock had a trading volume of 681,845 shares, compared to its average volume of 1,041,188. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 29.46 and a beta of 0.96. Vital Farms, Inc. has a twelve month low of $24.87 and a twelve month high of $48.41. The company has a fifty day moving average of $32.30 and a two-hundred day moving average of $35.53.

Vital Farms (NASDAQ:VITL - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $160.32 million. On average, sell-side analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on VITL. Stifel Nicolaus raised Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 target price for the company in a report on Friday, February 28th. Craig Hallum started coverage on Vital Farms in a research note on Friday, December 20th. They issued a "buy" rating and a $50.00 price objective on the stock. Morgan Stanley decreased their target price on Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $52.00 price target on shares of Vital Farms in a report on Thursday, March 13th. Finally, TD Cowen boosted their price target on shares of Vital Farms from $41.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, Vital Farms presently has a consensus rating of "Buy" and a consensus price target of $43.13.

Insider Activity at Vital Farms

In other news, insider Matthew Ohayer sold 20,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $29.46, for a total value of $589,200.00. Following the transaction, the insider now owns 6,970,890 shares of the company's stock, valued at approximately $205,362,419.40. This trade represents a 0.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Russell Diez-Canseco sold 45,124 shares of the company's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $33.69, for a total value of $1,520,227.56. Following the completion of the sale, the chief executive officer now owns 703,736 shares of the company's stock, valued at $23,708,865.84. This represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,124 shares of company stock valued at $3,271,548 over the last quarter. 27.60% of the stock is owned by company 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.