282,124 Shares in Vital Farms, Inc. (NASDAQ:VITL) Bought by Wasatch Advisors LP

Wasatch Advisors LP purchased a new stake in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 282,124 shares of the company's stock, valued at approximately $9,894,000. Wasatch Advisors LP owned 0.64% of Vital Farms as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the company. Brown Brothers Harriman & Co. bought a new position in Vital Farms in the 3rd quarter valued at about $35,000. 1620 Investment Advisors Inc. acquired a new stake in Vital Farms during the 2nd quarter valued at $42,000. CWM LLC lifted its holdings in shares of Vital Farms by 162.9% in the second quarter. CWM LLC now owns 1,057 shares of the company's stock valued at $49,000 after purchasing an additional 655 shares in the last quarter. Quarry LP lifted its stake in Vital Farms by 180.4% in the 2nd quarter. Quarry LP now owns 1,290 shares of the company's stock worth $60,000 after acquiring an additional 830 shares in the last quarter. Finally, nVerses Capital LLC lifted its position in shares of Vital Farms by 66.7% in the second quarter. nVerses Capital LLC now owns 2,000 shares of the company's stock worth $94,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 98.59% of the company's stock.

Insider Buying and Selling

In other news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $39.09, for a total value of $938,160.00. Following the completion of the sale, the insider now directly owns 7,194,777 shares of the company's stock, valued at approximately $281,243,832.93. This represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Russell Diez-Canseco sold 44,653 shares of the business's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the transaction, the chief executive officer now directly owns 537,349 shares in the company, valued at $21,531,574.43. This trade represents a 7.67 % decrease in their position. The disclosure for this sale can be found here. 27.60% of the stock is owned by insiders.

Vital Farms Stock Up 2.7 %

Vital Farms stock traded up $0.86 during mid-day trading on Friday, hitting $33.20. 1,236,853 shares of the company's stock were exchanged, compared to its average volume of 1,444,333. Vital Farms, Inc. has a 1-year low of $12.82 and a 1-year high of $48.41. The stock has a 50 day moving average of $34.75 and a two-hundred day moving average of $36.68. The stock has a market cap of $1.45 billion, a P/E ratio of 29.64 and a beta of 0.97. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $145.00 million for the quarter, compared to the consensus estimate of $145.27 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The firm's revenue was up 31.3% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. As a group, analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on VITL shares. Stifel Nicolaus lowered their price target on shares of Vital Farms from $42.00 to $34.00 and set a "hold" rating on the stock in a report on Friday, August 9th. 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. TD Cowen reduced their price target on Vital Farms from $46.00 to $41.00 and set a "buy" rating for the company in a report on Friday, November 8th. Finally, DA Davidson increased their price objective on Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Vital Farms currently has a consensus rating of "Moderate Buy" and an average target price of $39.20.

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.