Rhumbline Advisers Purchases 885 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Rhumbline Advisers increased its position in shares of Vital Farms, Inc. (NASDAQ:VITL) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,317 shares of the company’s stock after purchasing an additional 885 shares during the period. Rhumbline Advisers owned 0.11% of Vital Farms worth $1,442,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Securities Inc. raised its position in shares of Vital Farms by 29.4% during the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company’s stock valued at $63,000 after purchasing an additional 380 shares during the period. Summit Investment Advisors Inc. grew its stake in Vital Farms by 15.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,487 shares of the company’s stock valued at $131,000 after acquiring an additional 475 shares in the last quarter. Stifel Financial Corp grew its stake in Vital Farms by 6.8% during the fourth quarter. Stifel Financial Corp now owns 8,117 shares of the company’s stock valued at $306,000 after acquiring an additional 518 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in Vital Farms by 152.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock valued at $35,000 after acquiring an additional 540 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in Vital Farms by 4.8% during the fourth quarter. Lazard Asset Management LLC now owns 15,657 shares of the company’s stock valued at $588,000 after acquiring an additional 718 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Russell Diez-Canseco sold 45,124 shares of Vital Farms stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $33.69, for a total transaction of $1,520,227.56. Following the completion of the transaction, the chief executive officer now directly owns 703,736 shares of the company’s stock, valued at approximately $23,708,865.84. The trade was a 6.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew Ohayer sold 5,000 shares of Vital Farms stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $32.25, for a total transaction of $161,250.00. Following the transaction, the insider now directly owns 6,888,890 shares of the company’s stock, valued at approximately $222,166,702.50. This represents a 0.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,324 shares of company stock valued at $3,420,174 in the last three months. Corporate insiders own 21.30% of the company’s stock.

Vital Farms Stock Performance

Shares of NASDAQ:VITL opened at $35.75 on Thursday. Vital Farms, Inc. has a 52 week low of $27.91 and a 52 week high of $48.41. The stock has a market capitalization of $1.59 billion, a P/E ratio of 31.92 and a beta of 0.89. The firm has a fifty day simple moving average of $33.44 and a two-hundred day simple moving average of $35.17. The company has a quick ratio of 2.91, a current ratio of 3.35 and a debt-to-equity ratio of 0.03.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.11. Vital Farms had a net margin of 8.26% and a return on equity of 19.53%. The business had revenue of $162.19 million during the quarter, compared to analysts’ expectations of $164.43 million. During the same period last year, the company posted $0.43 EPS. The business’s revenue was up 9.7% on a year-over-year basis. On average, analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on VITL shares. Morgan Stanley cut 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, April 17th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $52.00 target price on shares of Vital Farms in a research note on Monday, May 5th. BMO Capital Markets raised shares of Vital Farms to a “strong-buy” rating in a research note on Tuesday, May 6th. William Blair reaffirmed an “outperform” rating on shares of Vital Farms in a research note on Friday, February 28th. Finally, DA Davidson cut their target price on shares of Vital Farms from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Vital Farms has a consensus rating of “Buy” and an average price target of $44.63.

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.