Wellington Management Group LLP Increases Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Wellington Management Group LLP grew its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 417.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,431,024 shares of the company's stock after acquiring an additional 1,961,550 shares during the period. Wellington Management Group LLP owned about 5.55% of Vital Farms worth $91,625,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of VITL. CIBC Private Wealth Group LLC grew its stake in Vital Farms by 152.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock worth $35,000 after purchasing an additional 540 shares in the last quarter. US Bancorp DE boosted 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 acquiring an additional 872 shares during the period. Frazier Financial Advisors LLC bought a new position in shares of Vital Farms during the fourth quarter valued at approximately $59,000. Mendota Financial Group LLC acquired a new stake in shares of Vital Farms during the 4th quarter worth approximately $62,000. Finally, Principal Securities Inc. lifted its holdings in shares of Vital Farms by 29.4% in the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock worth $63,000 after purchasing an additional 380 shares during the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,628 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $42.24, for a total value of $1,885,086.72. Following the completion of the transaction, the chief executive officer now directly owns 668,202 shares in the company, valued at $28,224,852.48. This trade represents a 6.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joanne Bal sold 28,246 shares of Vital Farms stock in a transaction that occurred on 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 sale, the insider now directly owns 59,371 shares of the company's stock, valued at approximately $2,677,632.10. The trade was a 32.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 145,474 shares of company stock valued at $5,969,700 over the last 90 days. 27.60% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Stifel Nicolaus raised Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 target price on the stock in a research report on Friday, February 28th. Craig Hallum assumed coverage on Vital Farms in a research note on Friday, December 20th. They issued a "buy" rating and a $50.00 target price on the stock. Morgan Stanley assumed coverage on Vital Farms in a research note on Monday, March 24th. They issued an "overweight" rating and a $30.00 target price on the stock. DA Davidson cut their target price on Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Finally, William Blair reiterated an "outperform" rating on shares of Vital Farms in a research note on Friday, February 28th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $42.00.

Vital Farms Stock Down 3.5 %

Shares of NASDAQ VITL traded down $1.19 during trading hours on Thursday, hitting $32.61. The stock had a trading volume of 171,545 shares, compared to its average volume of 1,028,208. The company has a market capitalization of $1.44 billion, a P/E ratio of 29.22 and a beta of 0.96. The firm's 50-day moving average price is $32.84 and its two-hundred day moving average price is $35.63. Vital Farms, Inc. has a 52 week low of $24.52 and a 52 week high of $48.41. 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 results on Thursday, February 27th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $160.32 million. Analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

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.