Penserra Capital Management LLC Lowers Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Penserra Capital Management LLC lowered its holdings in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 52.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,326 shares of the company's stock after selling 19,931 shares during the quarter. Penserra Capital Management LLC's holdings in Vital Farms were worth $642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of VITL. Van ECK Associates Corp raised its stake in Vital Farms by 8.6% during the 2nd quarter. Van ECK Associates Corp now owns 4,095 shares of the company's stock valued at $192,000 after buying an additional 323 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in 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 worth $276,000 after purchasing an additional 329 shares during the last quarter. Lifestyle Asset Management Inc. grew its stake in shares of Vital Farms by 6.5% during the 3rd quarter. Lifestyle Asset Management Inc. now owns 9,846 shares of the company's stock valued at $345,000 after purchasing an additional 598 shares during the period. CWM LLC increased its position in shares of Vital Farms by 162.9% during the 2nd quarter. CWM LLC now owns 1,057 shares of the company's stock valued at $49,000 after purchasing an additional 655 shares during the last quarter. Finally, nVerses Capital LLC lifted its stake in shares of Vital Farms by 66.7% in the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company's stock worth $94,000 after purchasing an additional 800 shares during the period. 98.59% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Vital Farms Price Performance

Shares of NASDAQ:VITL traded down $0.19 during midday trading on Thursday, reaching $32.34. 1,829,373 shares of the company were exchanged, compared to its average volume of 814,170. The stock has a market cap of $1.42 billion, a PE ratio of 28.88 and a beta of 0.97. The business's fifty day moving average is $34.75 and its two-hundred day moving average is $36.76. Vital Farms, Inc. has a one year low of $12.44 and a one year high of $48.41. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04.

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

Analyst Ratings Changes

A number of analysts have commented on VITL shares. TD Cowen reduced their target price on shares of Vital Farms from $46.00 to $41.00 and set a "buy" rating for the company in a report on Friday, November 8th. Stifel Nicolaus decreased their target price on Vital Farms from $42.00 to $34.00 and set a "hold" rating on the stock in a report on Friday, August 9th. Jefferies Financial Group cut their price target on Vital Farms from $45.00 to $41.00 and set a "buy" rating for the company in a report on Monday, November 11th. Finally, DA Davidson raised their price objective on Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Vital Farms has an average rating of "Moderate Buy" and an average price target of $39.20.

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.