Skandinaviska Enskilda Banken AB publ Trims Stock Position in Vital Farms, Inc. (NASDAQ:VITL)

Skandinaviska Enskilda Banken AB publ decreased its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 50.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,600 shares of the company's stock after selling 65,400 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 0.15% of Vital Farms worth $2,401,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new stake in shares of Vital Farms during the third quarter worth about $35,000. US Bancorp DE boosted its stake in shares of 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 buying an additional 872 shares during the period. Mendota Financial Group LLC acquired a new stake in shares of Vital Farms during the fourth quarter worth about $62,000. Principal Securities Inc. boosted its stake 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 worth $63,000 after buying an additional 380 shares during the period. Finally, Rothschild Investment LLC boosted its stake in shares of Vital Farms by 191.2% during the fourth quarter. Rothschild Investment LLC now owns 1,814 shares of the company's stock worth $68,000 after buying an additional 1,191 shares during the period. Institutional investors and hedge funds own 98.59% of the company's stock.

Vital Farms Price Performance

Vital Farms stock traded down $0.04 during mid-day trading on Thursday, reaching $29.52. The company had a trading volume of 1,044,153 shares, compared to its average volume of 985,644. Vital Farms, Inc. has a 1 year low of $22.51 and a 1 year high of $48.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The company has a market capitalization of $1.31 billion, a P/E ratio of 26.36 and a beta of 0.95. The stock's 50-day simple moving average is $36.78 and its 200-day simple moving average is $35.65.

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Vital Farms (NASDAQ:VITL - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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. On average, equities analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VITL shares. William Blair restated an "outperform" rating on shares of Vital Farms in a research report on Friday, February 28th. DA Davidson reduced their price objective on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Telsey Advisory Group restated an "outperform" rating and issued a $52.00 price objective on shares of Vital Farms in a research report on Thursday, March 13th. TD Cowen raised their price objective 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. Finally, Stifel Nicolaus upgraded shares of Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price objective for the company in a research report on Friday, February 28th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vital Farms currently has an average rating of "Buy" and an average target price of $43.71.

Insider Transactions at Vital Farms

In other Vital Farms news, insider Joanne Bal sold 28,246 shares of the firm's stock in a transaction dated 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 sale, the insider now directly owns 59,371 shares of the company's stock, valued at $2,677,632.10. This trade represents a 32.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Russell Diez-Canseco sold 44,628 shares of the business's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $42.24, for a total transaction of $1,885,086.72. Following the completion of the transaction, the chief executive officer now directly owns 668,202 shares of the company's stock, valued at approximately $28,224,852.48. This represents a 6.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 121,474 shares of company stock valued at $5,254,940 in the last ninety days. Corporate insiders own 27.60% of the company's stock.

Vital Farms 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.