Janney Montgomery Scott LLC Sells 8,870 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Janney Montgomery Scott LLC cut its holdings in shares of Vital Farms, Inc. (NASDAQ:VITLFree Report) by 12.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,035 shares of the company’s stock after selling 8,870 shares during the period. Janney Montgomery Scott LLC owned approximately 0.15% of Vital Farms worth $973,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hsbc Holdings PLC lifted its holdings in shares of Vital Farms by 15.2% in the third quarter. Hsbc Holdings PLC now owns 15,905 shares of the company’s stock valued at $184,000 after purchasing an additional 2,094 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Vital Farms by 49.0% in the fourth quarter. New York State Common Retirement Fund now owns 10,169 shares of the company’s stock valued at $160,000 after purchasing an additional 3,346 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Vital Farms by 21.6% in the fourth quarter. Teacher Retirement System of Texas now owns 33,074 shares of the company’s stock valued at $519,000 after purchasing an additional 5,881 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Vital Farms in the fourth quarter valued at about $127,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Vital Farms in the third quarter valued at about $119,000. 98.59% of the stock is currently owned by institutional investors.

Vital Farms Price Performance

Shares of NASDAQ VITL opened at $41.86 on Friday. The business’s 50 day moving average price is $29.84 and its two-hundred day moving average price is $20.67. The company has a market cap of $1.77 billion, a PE ratio of 49.25 and a beta of 0.79. The company has a quick ratio of 2.66, a current ratio of 3.10 and a debt-to-equity ratio of 0.05. Vital Farms, Inc. has a twelve month low of $10.00 and a twelve month high of $42.67.

Vital Farms (NASDAQ:VITLGet Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.23 by $0.20. Vital Farms had a return on equity of 19.58% and a net margin of 7.48%. The company had revenue of $147.93 million for the quarter, compared to the consensus estimate of $139.87 million. On average, analysts predict that Vital Farms, Inc. will post 0.94 EPS for the current year.

Insider Activity

In other news, SVP Stephanie Coon sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $41.02, for a total value of $205,100.00. Following the transaction, the senior vice president now owns 53,450 shares of the company’s stock, valued at $2,192,519. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Russell Diez-Canseco sold 31,643 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $20.94, for a total value of $662,604.42. Following the completion of the sale, the chief executive officer now directly owns 318,931 shares in the company, valued at $6,678,415.14. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Stephanie Coon sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $41.02, for a total value of $205,100.00. Following the completion of the sale, the senior vice president now owns 53,450 shares of the company’s stock, valued at $2,192,519. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 260,694 shares of company stock valued at $6,397,448. 30.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

VITL has been the topic of a number of research reports. TheStreet upgraded Vital Farms from a “c” rating to a “b-” rating in a report on Monday, March 18th. DA Davidson lifted their target price on Vital Farms from $28.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Lake Street Capital lifted their target price on Vital Farms from $26.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. TD Cowen lifted their target price on Vital Farms from $19.00 to $37.00 and gave the company a “hold” rating in a research report on Friday, May 10th. Finally, Stifel Nicolaus downgraded Vital Farms from a “buy” rating to a “hold” rating and lifted their target price for the company from $30.00 to $40.00 in a research report on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Vital Farms currently has an average rating of “Moderate Buy” and a consensus price target of $34.40.

Check Out Our Latest Stock Report on Vital Farms

Vital Farms Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vital Farms (NASDAQ:VITL)

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