SG Americas Securities LLC Has $581,000 Position in Vital Farms, Inc. (NASDAQ:VITL)

SG Americas Securities LLC boosted its stake in shares of Vital Farms, Inc. (NASDAQ:VITL – Get Rating) by 62.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,542 shares of the company’s stock after acquiring an additional 18,686 shares during the quarter. SG Americas Securities LLC owned 0.12% of Vital Farms worth $581,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of VITL. Amalgamated Bank acquired a new position in Vital Farms during the first quarter worth $50,000. Legal & General Group Plc grew its holdings in shares of Vital Farms by 22.3% during the second quarter. Legal & General Group Plc now owns 7,842 shares of the company’s stock worth $69,000 after purchasing an additional 1,432 shares during the last quarter. American International Group Inc. grew its holdings in shares of Vital Farms by 14.6% during the second quarter. American International Group Inc. now owns 13,981 shares of the company’s stock worth $122,000 after purchasing an additional 1,784 shares during the last quarter. Graham Capital Management L.P. bought a new stake in shares of Vital Farms during the first quarter worth $137,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Vital Farms by 35.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 16,707 shares of the company’s stock worth $146,000 after purchasing an additional 4,339 shares during the last quarter. 62.10% of the stock is currently owned by institutional investors and hedge funds.

Vital Farms Stock Up 5.0 %

Vital Farms stock opened at $17.70 on Monday. The business’s 50-day simple moving average is $15.11 and its 200 day simple moving average is $13.29. The stock has a market cap of $720.96 million, a price-to-earnings ratio of -160.91 and a beta of 0.64. Vital Farms, Inc. has a 12-month low of $7.89 and a 12-month high of $18.18.

Vital Farms (NASDAQ:VITL – Get Rating) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The business had revenue of $92.04 million for the quarter, compared to analysts’ expectations of $88.66 million. Vital Farms had a negative return on equity of 2.80% and a negative net margin of 1.29%. As a group, sell-side analysts expect that Vital Farms, Inc. will post 0.06 EPS for the current year.

Analysts Set New Price Targets

VITL has been the topic of several research analyst reports. Morgan Stanley increased their target price on Vital Farms from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, November 4th. The Goldman Sachs Group increased their target price on Vital Farms from $13.00 to $14.50 and gave the stock a “neutral” rating in a report on Monday, November 14th. TheStreet upgraded Vital Farms from a “d+” rating to a “c-” rating in a report on Thursday, December 8th. Finally, UBS Group started coverage on Vital Farms in a report on Friday, September 30th. They issued a “buy” rating and a $16.00 price target on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $15.60.

Vital Farms Profile

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Vital Farms, Inc, an ethical food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, ghee, liquid whole eggs, and egg bite products. Vital Farms, Inc was founded in 2007 and is headquartered in Austin, Texas.