Algert Global LLC Has $8.30 Million Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Algert Global LLC lessened its position in Vital Farms, Inc. (NASDAQ:VITL) by 29.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 177,492 shares of the company’s stock after selling 75,548 shares during the period. Algert Global LLC owned approximately 0.42% of Vital Farms worth $8,301,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. purchased a new position in shares of Vital Farms during the second quarter valued at approximately $42,000. CWM LLC boosted its position in shares of Vital Farms by 162.9% during the second quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after buying an additional 655 shares during the last quarter. nVerses Capital LLC boosted its position in shares of Vital Farms by 66.7% during the second quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock valued at $94,000 after buying an additional 800 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Vital Farms during the second quarter valued at approximately $97,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Vital Farms during the second quarter valued at approximately $168,000. Institutional investors and hedge funds own 98.59% of the company’s stock.

Vital Farms Price Performance

VITL opened at $35.13 on Friday. The stock has a 50-day moving average price of $33.00 and a 200-day moving average price of $33.95. Vital Farms, Inc. has a 12-month low of $10.41 and a 12-month high of $48.41. The company has a current ratio of 3.50, a quick ratio of 3.03 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.48 billion, a P/E ratio of 41.33 and a beta of 0.96.

Vital Farms (NASDAQ:VITL) last issued its earnings results on Thursday, August 8th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.16. The company had revenue of $147.39 million during the quarter, compared to analysts’ expectations of $138.41 million. Vital Farms had a return on equity of 22.77% and a net margin of 8.70%. Vital Farms’s quarterly revenue was up 38.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 EPS. Equities analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Vital Farms

In other news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $39.58, for a total value of $949,920.00. Following the completion of the transaction, the insider now owns 7,266,777 shares of the company’s stock, valued at approximately $287,619,033.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $39.58, for a total value of $949,920.00. Following the completion of the transaction, the insider now owns 7,266,777 shares of the company’s stock, valued at approximately $287,619,033.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Russell Diez-Canseco sold 44,381 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $43.71, for a total value of $1,939,893.51. Following the completion of the transaction, the chief executive officer now directly owns 427,839 shares of the company’s stock, valued at approximately $18,700,842.69. The disclosure for this sale can be found here. 30.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Stifel Nicolaus cut their price objective on Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. TD Cowen raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Vital Farms presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.60.

Vital Farms 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.