Granite Investment Partners LLC Has $3.59 Million Stock Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Granite Investment Partners LLC lessened its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 7.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 95,284 shares of the company's stock after selling 7,812 shares during the period. Granite Investment Partners LLC owned 0.22% of Vital Farms worth $3,591,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Principal Securities Inc. increased its position in 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. Lifestyle Asset Management Inc. lifted its holdings in Vital Farms by 5.1% in the 4th quarter. Lifestyle Asset Management Inc. now owns 10,345 shares of the company's stock valued at $390,000 after purchasing an additional 499 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in Vital Farms by 152.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock worth $35,000 after acquiring an additional 540 shares during the period. US Bancorp DE increased its stake in Vital Farms by 160.3% in the fourth quarter. US Bancorp DE now owns 1,416 shares of the company's stock valued at $53,000 after purchasing an additional 872 shares during the last quarter. Finally, Rothschild Investment LLC lifted its position in 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. Hedge funds and other institutional investors own 98.59% of the company's stock.

Vital Farms Stock Performance

Shares of NASDAQ VITL traded down $0.04 during midday trading on Friday, hitting $32.99. The company's stock had a trading volume of 681,845 shares, compared to its average volume of 1,036,925. The firm has a market cap of $1.46 billion, a P/E ratio of 29.46 and a beta of 0.96. Vital Farms, Inc. has a 1-year low of $24.75 and a 1-year high of $48.41. The firm's fifty day moving average price is $32.36 and its 200-day moving average price is $35.55. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.08. The business had revenue of $165.99 million during the quarter, compared to analyst estimates of $160.32 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. On average, sell-side analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling at Vital Farms

In other news, insider Matthew Ohayer sold 20,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $29.46, for a total transaction of $589,200.00. Following the transaction, the insider now owns 6,970,890 shares in the company, valued at approximately $205,362,419.40. This trade represents a 0.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Russell Diez-Canseco sold 45,124 shares of the company's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $33.69, for a total transaction of $1,520,227.56. Following the completion of the sale, the chief executive officer now owns 703,736 shares of the company's stock, valued at $23,708,865.84. This represents a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,124 shares of company stock valued at $3,271,548. Corporate insiders own 27.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on VITL shares. Stifel Nicolaus raised 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 note on Friday, February 28th. DA Davidson decreased their target price on Vital Farms from $44.00 to $42.00 and set a "buy" rating for the company in a report on Friday, March 14th. 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. Morgan Stanley dropped their price objective on shares of Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, William Blair reaffirmed an "outperform" rating on shares of Vital Farms in a research report on Friday, February 28th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $43.13.

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.