Geode Capital Management LLC Boosts Stock Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Geode Capital Management LLC lifted its holdings in Vital Farms, Inc. (NASDAQ:VITL) by 1.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 761,380 shares of the company’s stock after purchasing an additional 11,721 shares during the period. Geode Capital Management LLC owned about 1.74% of Vital Farms worth $28,703,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VITL. Wellington Management Group LLP boosted its position in Vital Farms by 417.8% during the fourth quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company’s stock valued at $91,625,000 after purchasing an additional 1,961,550 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Vital Farms by 152.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock valued at $35,000 after buying an additional 540 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Vital Farms by 30.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 905,354 shares of the company’s stock valued at $34,123,000 after buying an additional 208,951 shares in the last quarter. Frazier Financial Advisors LLC purchased a new position in shares of Vital Farms in the 4th quarter worth approximately $59,000. Finally, Blair William & Co. IL bought a new position in shares of Vital Farms during the 4th quarter worth approximately $428,000. 98.59% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Russell Diez-Canseco sold 45,124 shares of the firm’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $33.69, for a total transaction of $1,520,227.56. Following the sale, the chief executive officer now directly owns 703,736 shares in the company, valued at $23,708,865.84. This trade represents a 6.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew Ohayer sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $29.46, for a total value of $589,200.00. Following the transaction, the insider now owns 6,970,890 shares in the company, valued at $205,362,419.40. This trade represents a 0.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 93,124 shares of company stock valued at $3,271,548 in the last quarter. 27.60% of the stock is currently owned by company insiders.

Vital Farms Stock Down 0.1 %

Shares of VITL stock opened at $32.99 on Friday. 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, Inc. has a fifty-two week low of $24.75 and a fifty-two week high of $48.41. The firm has a market capitalization of $1.46 billion, a PE ratio of 29.46 and a beta of 0.96. The stock’s 50-day simple moving average is $32.36 and its 200-day simple moving average is $35.55.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The company had revenue of $165.99 million during the quarter, compared to analyst estimates of $160.32 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. Equities analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Morgan Stanley lowered their target price on shares of Vital Farms from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday. William Blair reissued an “outperform” rating on shares of Vital Farms in a research report on Friday, February 28th. 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. TD Cowen raised their price target on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, Craig Hallum started coverage on shares of Vital Farms in a report on Friday, December 20th. They set a “buy” rating and a $50.00 price objective on the stock. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $43.13.

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.