Vital Farms, Inc. (NASDAQ:VITL) Position Reduced by AlphaQuest LLC

AlphaQuest LLC decreased its position in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 61.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,823 shares of the company's stock after selling 12,497 shares during the period. AlphaQuest LLC's holdings in Vital Farms were worth $295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new position in shares of Vital Farms during the 3rd quarter valued at about $35,000. US Bancorp DE boosted its position in Vital Farms by 160.3% in the 4th quarter. US Bancorp DE now owns 1,416 shares of the company's stock worth $53,000 after purchasing an additional 872 shares in the last quarter. 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 holdings in shares of Vital Farms by 29.4% during the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock valued at $63,000 after purchasing an additional 380 shares in the last quarter. Finally, Rothschild Investment LLC increased its holdings 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 purchasing an additional 1,191 shares in the last quarter. Hedge funds and other institutional investors own 98.59% of the company's stock.

Vital Farms Price Performance

NASDAQ VITL traded down $2.00 during trading hours on Tuesday, reaching $29.59. The company's stock had a trading volume of 1,033,147 shares, compared to its average volume of 983,360. The company's 50-day moving average is $37.14 and its two-hundred day moving average is $35.71. 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 cap of $1.31 billion, a PE ratio of 26.42 and a beta of 0.95. Vital Farms, Inc. has a fifty-two week low of $21.30 and a fifty-two week high of $48.41.

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Vital Farms (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate 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. Analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current year.

Insider Buying and Selling

In related news, insider Joanne Bal sold 28,246 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $45.10, for a total value of $1,273,894.60. Following the transaction, the insider now owns 59,371 shares in the company, valued at approximately $2,677,632.10. This trade represents a 32.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of the company's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $43.19, for a total transaction of $1,036,560.00. Following the sale, the insider now directly owns 7,014,890 shares of the company's stock, valued at approximately $302,973,099.10. This trade represents a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 145,474 shares of company stock valued at $6,171,500. Insiders own 27.60% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on VITL. 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 report on Wednesday, January 8th. Craig Hallum assumed coverage on shares of Vital Farms in a research report on Friday, December 20th. They set a "buy" rating and a $50.00 price target on the stock. Telsey Advisory Group restated an "outperform" rating and set a $52.00 price objective on shares of Vital Farms in a research report on Thursday, March 13th. Stifel Nicolaus raised Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price target on the stock in a research note on Friday, February 28th. Finally, William Blair reaffirmed an "outperform" rating on shares of Vital Farms in a research report on Friday, February 28th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $43.71.

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.