Arrowstreet Capital Limited Partnership Lowers Stock Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Arrowstreet Capital Limited Partnership lowered its stake in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 80.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,678 shares of the company's stock after selling 176,102 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.10% of Vital Farms worth $1,571,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in VITL. Vanguard Group Inc. lifted its holdings in shares of Vital Farms by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 2,236,848 shares of the company's stock worth $84,307,000 after purchasing an additional 87,980 shares during the last quarter. Principal Financial Group Inc. increased its stake in Vital Farms by 78.7% in the 4th quarter. Principal Financial Group Inc. now owns 1,171,950 shares of the company's stock worth $44,172,000 after purchasing an additional 516,139 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of Vital Farms by 10.4% in the 4th quarter. William Blair Investment Management LLC now owns 955,895 shares of the company's stock valued at $36,028,000 after acquiring an additional 89,772 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Vital Farms by 30.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 905,354 shares of the company's stock valued at $34,123,000 after purchasing an additional 208,951 shares in the last quarter. Finally, Emerald Advisers LLC grew its stake in Vital Farms by 22.3% during the 4th quarter. Emerald Advisers LLC now owns 864,323 shares of the company's stock valued at $32,576,000 after acquiring an additional 157,883 shares in the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.

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Vital Farms Stock Down 1.1 %

Shares of Vital Farms stock traded down $0.39 on Monday, hitting $33.62. The company had a trading volume of 844,304 shares, compared to its average volume of 1,034,373. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 30.02 and a beta of 0.96. The stock has a 50 day moving average of $32.62 and a 200-day moving average of $35.61. Vital Farms, Inc. has a 1 year low of $24.52 and a 1 year high of $48.41.

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

Insider Activity

In related news, insider Joanne Bal sold 28,246 shares of Vital Farms stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $45.10, for a total value of $1,273,894.60. Following the sale, the insider now directly owns 59,371 shares in the company, valued at approximately $2,677,632.10. The trade was a 32.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Matthew Ohayer sold 4,000 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $31.39, for a total value of $125,560.00. Following the completion of the transaction, the insider now directly owns 6,966,890 shares in the company, valued at approximately $218,690,677.10. This trade represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,546 shares of company stock valued at $3,567,030. 27.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

VITL has been the subject of a number of analyst reports. Craig Hallum began coverage on Vital Farms in a research report on Friday, December 20th. They issued a "buy" rating and a $50.00 price target for the company. Telsey Advisory Group restated an "outperform" rating and issued a $52.00 target price on shares of Vital Farms in a research note on Thursday, March 13th. Stifel Nicolaus raised Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price objective on the stock in a research note on Friday, February 28th. Morgan Stanley initiated coverage on shares of Vital Farms in a report on Monday, March 24th. They issued an "overweight" rating and a $30.00 price target for the company. Finally, TD Cowen upped their target price on shares of Vital Farms from $41.00 to $45.00 and gave the company 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 data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $42.00.

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.