Vontobel Holding Ltd. Invests $298,000 in Vital Farms, Inc. (NASDAQ:VITL)

Vontobel Holding Ltd. bought a new stake in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 7,900 shares of the company's stock, valued at approximately $298,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Brown Brothers Harriman & Co. bought a new position in Vital Farms during the 3rd quarter worth approximately $35,000. Mendota Financial Group LLC acquired a new position in Vital Farms in the fourth quarter worth $62,000. Quarry LP increased its stake in Vital Farms by 87.1% during the third quarter. Quarry LP now owns 2,414 shares of the company's stock valued at $85,000 after purchasing an additional 1,124 shares during the last quarter. Values First Advisors Inc. bought a new position in shares of Vital Farms in the 4th quarter worth about $199,000. Finally, Dakota Wealth Management acquired a new position in shares of Vital Farms in the 3rd quarter valued at about $200,000. Institutional investors own 98.59% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Craig Hallum assumed coverage on shares of Vital Farms in a report on Friday, December 20th. They issued a "buy" rating and a $50.00 target price on the stock. Stifel Nicolaus boosted their price objective on Vital Farms from $34.00 to $44.00 and gave the company a "hold" rating in a research report on Friday, January 24th. Jefferies Financial Group dropped their target price on Vital Farms from $45.00 to $41.00 and set a "buy" rating on the stock in a research report on Monday, November 11th. Telsey Advisory Group reiterated an "outperform" rating and issued a $52.00 target price on shares of Vital Farms in a research note on Tuesday, February 18th. Finally, TD Cowen upped their price target on shares of Vital Farms from $41.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Vital Farms presently has a consensus rating of "Moderate Buy" and a consensus price target of $44.57.

Insiders Place Their Bets

In other news, insider Joanne Bal sold 28,246 shares of the company's stock in a transaction dated Friday, January 17th. The stock was 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 $2,677,632.10. This represents a 32.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Russell Diez-Canseco sold 44,728 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $37.66, for a total transaction of $1,684,456.48. Following the sale, the chief executive officer now owns 613,797 shares of the company's stock, valued at approximately $23,115,595.02. This represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 190,202 shares of company stock worth $7,855,957. 27.60% of the stock is owned by corporate insiders.

Vital Farms Price Performance

Shares of VITL traded down $2.57 during midday trading on Monday, reaching $32.33. The stock had a trading volume of 1,893,857 shares, compared to its average volume of 1,118,238. The firm's 50 day moving average price is $39.31 and its 200-day moving average price is $35.67. Vital Farms, Inc. has a 52 week low of $16.52 and a 52 week high of $48.41. The company has a market capitalization of $1.42 billion, a P/E ratio of 28.87 and a beta of 0.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81.

About Vital Farms

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.