Vital Farms, Inc. (NASDAQ:VITL) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its holdings in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 73.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,472 shares of the company's stock after selling 57,179 shares during the period. Sei Investments Co.'s holdings in Vital Farms were worth $772,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of VITL. US Bancorp DE increased its position in Vital Farms by 160.3% during the fourth quarter. US Bancorp DE now owns 1,416 shares of the company's stock worth $53,000 after purchasing an additional 872 shares during the last quarter. Mendota Financial Group LLC acquired a new stake in shares of Vital Farms during the 4th quarter worth about $62,000. Principal Securities Inc. increased its position in shares of Vital Farms by 29.4% during the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock valued at $63,000 after acquiring an additional 380 shares during the last quarter. Rothschild Investment LLC raised its position in Vital Farms by 191.2% in the fourth quarter. Rothschild Investment LLC now owns 1,814 shares of the company's stock valued at $68,000 after purchasing an additional 1,191 shares during the period. Finally, Assetmark Inc. lifted its stake in Vital Farms by 10,241.4% during the 4th quarter. Assetmark Inc. now owns 2,999 shares of the company's stock worth $113,000 after acquiring an additional 2,970 shares in the last quarter. Institutional investors and hedge funds own 98.59% of the company's stock.

Analyst Ratings Changes

VITL has been the topic of several recent research reports. Stifel Nicolaus upgraded Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price target on the stock in a report on Friday, February 28th. William Blair reiterated an "outperform" rating on shares of Vital Farms in a research report on Friday, February 28th. Morgan Stanley assumed coverage on Vital Farms in a research report on Monday, March 24th. They issued an "overweight" rating and a $30.00 target price for the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $52.00 price target on shares of Vital Farms in a research report on Thursday, March 13th. Finally, TD Cowen boosted their price objective on Vital Farms from $41.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $42.00.

Remove Ads

Insider Activity

In related news, CEO Russell Diez-Canseco sold 44,628 shares of the business's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $42.24, for a total value of $1,885,086.72. Following the completion of the sale, the chief executive officer now directly owns 668,202 shares of the company's stock, valued at $28,224,852.48. The trade was a 6.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Matthew Ohayer sold 4,000 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $31.39, for a total value of $125,560.00. Following the transaction, the insider now owns 6,966,890 shares in the company, valued at $218,690,677.10. This trade represents a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 145,474 shares of company stock worth $5,969,700. 27.60% of the stock is currently owned by corporate insiders.

Vital Farms Trading Up 2.8 %

Vital Farms stock traded up $0.92 during trading on Friday, reaching $34.01. The company had a trading volume of 752,805 shares, compared to its average volume of 1,035,134. Vital Farms, Inc. has a 12-month low of $24.52 and a 12-month high of $48.41. 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's 50 day moving average price is $32.62 and its two-hundred day moving average price is $35.61. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 30.37 and a beta of 0.96.

Vital Farms (NASDAQ:VITL - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The company had revenue of $165.99 million during the quarter, compared to analysts' expectations of $160.32 million. As a group, equities 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.