Independent Advisor Alliance Has $1.36 Million Stock Position in Vital Farms, Inc. (NASDAQ:VITL)

Independent Advisor Alliance increased its position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 80.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,627 shares of the company's stock after purchasing an additional 17,200 shares during the quarter. Independent Advisor Alliance owned 0.09% of Vital Farms worth $1,355,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in VITL. 1620 Investment Advisors Inc. acquired a new stake in Vital Farms in the second quarter worth $42,000. CWM LLC increased its holdings in shares of Vital Farms by 162.9% in the 2nd 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. Quarry LP lifted its position in Vital Farms by 180.4% in the 2nd quarter. Quarry LP now owns 1,290 shares of the company's stock valued at $60,000 after purchasing an additional 830 shares during the last quarter. nVerses Capital LLC boosted its stake in Vital Farms by 66.7% during the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company's stock valued at $94,000 after purchasing an additional 800 shares during the period. Finally, Quest Partners LLC bought a new position in Vital Farms in the 2nd quarter worth about $97,000. Institutional investors own 98.59% of the company's stock.

Insider Activity

In related news, insider Matthew Ohayer sold 24,000 shares of the firm's stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $39.09, for a total value of $938,160.00. Following the completion of 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 document filed with the SEC, which is accessible through this hyperlink. Also, CEO Russell Diez-Canseco sold 44,653 shares of the company's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $40.07, for a total value of $1,789,245.71. Following the transaction, the chief executive officer now directly owns 537,349 shares in the company, valued at $21,531,574.43. The trade was a 7.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 27.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VITL shares. Stifel Nicolaus reduced 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. 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. TD Cowen lowered their price target on Vital Farms from $46.00 to $41.00 and set a "buy" rating on the stock in a report on Friday, November 8th. Finally, DA Davidson increased their target price on shares of Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $39.20.

Vital Farms Price Performance

NASDAQ:VITL traded down $0.19 during mid-day trading on Wednesday, reaching $32.34. 1,829,373 shares of the stock were exchanged, compared to its average volume of 814,170. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average price of $34.75 and a 200 day moving average price of $36.76. Vital Farms, Inc. has a 1-year low of $12.44 and a 1-year high of $48.41. The firm has a market capitalization of $1.42 billion, a PE ratio of 28.83 and a beta of 0.97.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $145.00 million for the quarter, compared to the consensus estimate of $145.27 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The business's revenue for the quarter was up 31.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. Research analysts expect that Vital Farms, Inc. will post 1.11 earnings per share 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.