E. Ohman J or Asset Management AB Purchases Shares of 46,240 Vital Farms, Inc. $VITL

E. Ohman J or Asset Management AB acquired a new position in Vital Farms, Inc. (NASDAQ:VITL) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 46,240 shares of the company’s stock, valued at approximately $1,903,000. E. Ohman J or Asset Management AB owned about 0.10% of Vital Farms as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC acquired a new stake in Vital Farms in the third quarter valued at approximately $28,000. Assetmark Inc. lifted its holdings in shares of Vital Farms by 18.9% during the 2nd quarter. Assetmark Inc. now owns 3,153 shares of the company’s stock valued at $121,000 after purchasing an additional 501 shares during the last quarter. Comerica Bank boosted its position in shares of Vital Farms by 63.2% in the 1st quarter. Comerica Bank now owns 4,049 shares of the company’s stock worth $123,000 after purchasing an additional 1,568 shares in the last quarter. State of Wyoming acquired a new stake in shares of Vital Farms in the 2nd quarter worth $141,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in Vital Farms during the 2nd quarter worth $178,000. Institutional investors own 98.59% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on VITL. Cowen reiterated a “buy” rating on shares of Vital Farms in a research note on Thursday, December 18th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Vital Farms in a research report on Wednesday, December 17th. Mizuho lowered their target price on shares of Vital Farms from $53.00 to $48.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. Benchmark restated a “buy” rating on shares of Vital Farms in a research note on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vital Farms in a report on Monday, December 22nd. Thirteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $49.91.

Insiders Place Their Bets

In other news, CEO Russell Diez-Canseco sold 16,734 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $35.05, for a total value of $586,526.70. Following the completion of the transaction, the chief executive officer owned 649,684 shares of the company’s stock, valued at $22,771,424.20. The trade was a 2.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Matthew Ohayer sold 25,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $33.17, for a total value of $829,250.00. Following the sale, the insider directly owned 6,391,190 shares in the company, valued at approximately $211,995,772.30. This trade represents a 0.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 86,401 shares of company stock valued at $3,008,045 over the last 90 days. 21.30% of the stock is currently owned by insiders.

Vital Farms Price Performance

Shares of NASDAQ VITL opened at $31.73 on Friday. Vital Farms, Inc. has a 52 week low of $28.87 and a 52 week high of $53.13. The business’s 50 day moving average price is $33.48 and its 200 day moving average price is $39.05. The company has a quick ratio of 2.15, a current ratio of 2.65 and a debt-to-equity ratio of 0.02. The firm has a market cap of $1.42 billion, a P/E ratio of 24.04 and a beta of 1.06.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The company had revenue of $198.94 million during the quarter, compared to analyst estimates of $191.35 million. Vital Farms had a net margin of 8.50% and a return on equity of 20.19%. Vital Farms’s revenue for the quarter was up 37.2% compared to the same quarter last year. During the same period last year, the firm posted $0.16 EPS. On average, sell-side analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

About Vital Farms

Vital Farms, traded on the NASDAQ under the symbol VITL, is a U.S.-based food company specializing in pasture-raised egg and dairy products. The company partners with a network of family farms across the United States to produce eggs, butter and related items under a certified humane, pasture-centric farming model. Vital Farms’ supply chain emphasizes animal welfare, environmental stewardship and transparent sourcing, appealing to consumers seeking ethically produced, high-quality ingredients.

Founded in 2007 and headquartered in Austin, Texas, Vital Farms began by marketing pasture-raised eggs to health- and ethically minded shoppers.