Vital Farms, Inc. (NASDAQ:VITL) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its position in shares of Vital Farms, Inc. (NASDAQ:VITL) by 63.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 16,843 shares of the company’s stock after selling 28,649 shares during the quarter. Wells Fargo & Company MN’s holdings in Vital Farms were worth $635,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. CIBC Private Wealth Group LLC boosted its holdings in Vital Farms by 152.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock worth $35,000 after buying an additional 540 shares in the last quarter. US Bancorp DE lifted its position in shares of Vital Farms by 160.3% during the 4th 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 last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Vital Farms during the 4th quarter worth $59,000. Mendota Financial Group LLC acquired a new position in shares of Vital Farms in the 4th quarter worth $62,000. Finally, Principal Securities Inc. raised its position in shares of Vital Farms by 29.4% during the fourth 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 period. Institutional investors own 98.59% of the company’s stock.

Insider Activity at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $32.68, for a total value of $784,320.00. Following the sale, the insider now owns 6,942,890 shares of the company’s stock, valued at $226,893,645.20. This trade represents a 0.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Russell Diez-Canseco sold 45,124 shares of the company’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $33.69, for a total value of $1,520,227.56. Following the transaction, the chief executive officer now owns 703,736 shares of the company’s stock, valued at approximately $23,708,865.84. This trade represents a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 93,124 shares of company stock worth $3,019,308. 27.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Morgan Stanley dropped their price target on Vital Farms from $40.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Stifel Nicolaus raised shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Friday, February 28th. Telsey Advisory Group reiterated an “outperform” rating and set a $52.00 price target on shares of Vital Farms in a report on Thursday, March 13th. TD Cowen upped their target price on Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Finally, DA Davidson cut their price objective on Vital Farms from $44.00 to $42.00 and set a “buy” rating for the company in a report on Friday, March 14th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $44.71.

Vital Farms Stock Performance

VITL opened at $35.77 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. The company has a market cap of $1.59 billion, a PE ratio of 31.94 and a beta of 0.96. The stock has a 50-day moving average of $32.23 and a 200-day moving average of $35.24. Vital Farms, Inc. has a 52-week low of $27.41 and a 52-week high of $48.41.

Vital Farms (NASDAQ:VITL) last announced its 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. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The firm had revenue of $165.99 million during the quarter, compared to analysts’ expectations of $160.32 million. As a group, equities research analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share 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.