Bank of New York Mellon Corp Sells 98,928 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Bank of New York Mellon Corp lowered its position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 38.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 155,557 shares of the company's stock after selling 98,928 shares during the quarter. Bank of New York Mellon Corp owned about 0.36% of Vital Farms worth $5,863,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new stake in Vital Farms in the third quarter worth approximately $35,000. Mendota Financial Group LLC acquired a new stake in shares of Vital Farms during the 4th quarter worth approximately $62,000. Principal Securities Inc. increased its stake in shares of Vital Farms by 29.4% in the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock valued at $63,000 after acquiring an additional 380 shares in the last quarter. Rothschild Investment LLC lifted its position in shares of Vital Farms by 191.2% during the 4th quarter. Rothschild Investment LLC now owns 1,814 shares of the company's stock valued at $68,000 after acquiring an additional 1,191 shares during the period. Finally, Quarry LP boosted its stake in Vital Farms by 87.1% during the third quarter. Quarry LP now owns 2,414 shares of the company's stock worth $85,000 after acquiring an additional 1,124 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VITL has been the topic of several research reports. Telsey Advisory Group reiterated an "outperform" rating and set a $52.00 price objective on shares of Vital Farms in a report on Thursday, March 13th. TD Cowen lifted their price target 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. DA Davidson lowered their price objective on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Craig Hallum started coverage on shares of Vital Farms in a report on Friday, December 20th. They set a "buy" rating and a $50.00 price objective for the company. Finally, William Blair restated an "outperform" rating on shares of Vital Farms in a report on Friday, February 28th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $43.71.

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Vital Farms Stock Down 0.2 %

Vital Farms stock traded down $0.06 during midday trading on Thursday, hitting $29.51. 671,842 shares of the stock were exchanged, compared to its average volume of 984,549. Vital Farms, Inc. has a 52-week low of $22.51 and a 52-week high of $48.41. The business's 50-day moving average price is $36.78 and its 200-day moving average price is $35.65. 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 stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 26.31 and a beta of 0.95.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.23 EPS 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 company had revenue of $165.99 million during the quarter, compared to the consensus estimate of $160.32 million. On average, research analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Insider Transactions at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $43.19, for a total value of $1,036,560.00. Following the sale, the insider now owns 7,014,890 shares of the company's stock, valued at approximately $302,973,099.10. The trade was a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joanne Bal sold 28,246 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 59,371 shares of the company's stock, valued at $2,677,632.10. This represents a 32.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,474 shares of company stock worth $5,254,940 in the last ninety days. Company insiders own 27.60% of the company's stock.

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.