Allianz Asset Management GmbH Decreases Stake in Vital Farms, Inc. $VITL

Allianz Asset Management GmbH decreased its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL) by 33.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,534 shares of the company’s stock after selling 19,912 shares during the quarter. Allianz Asset Management GmbH owned about 0.09% of Vital Farms worth $1,627,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Royal Bank of Canada boosted its position in Vital Farms by 89.2% during the first quarter. Royal Bank of Canada now owns 19,381 shares of the company’s stock worth $591,000 after acquiring an additional 9,136 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Vital Farms by 5.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,057 shares of the company’s stock worth $611,000 after purchasing an additional 1,108 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Vital Farms by 3.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 415,420 shares of the company’s stock worth $12,658,000 after purchasing an additional 13,397 shares in the last quarter. Woodline Partners LP acquired a new position in shares of Vital Farms during the 1st quarter worth approximately $1,073,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Vital Farms by 1.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 89,893 shares of the company’s stock valued at $2,739,000 after purchasing an additional 1,198 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Vital Farms Price Performance

Shares of VITL opened at $27.71 on Friday. Vital Farms, Inc. has a 1-year low of $25.51 and a 1-year high of $53.13. The stock has a market cap of $1.24 billion, a PE ratio of 20.99 and a beta of 1.10. The firm has a 50-day simple moving average of $30.15 and a two-hundred day simple moving average of $37.12. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.65 and a quick ratio of 2.15.

Analysts Set New Price Targets

A number of brokerages recently commented on VITL. TD Cowen reiterated a “buy” rating on shares of Vital Farms in a research report on Tuesday, January 20th. Benchmark reaffirmed a “buy” rating on shares of Vital Farms in a research note on Wednesday, January 14th. DA Davidson set a $47.00 price target on Vital Farms and gave the stock a “buy” rating in a report on Wednesday, December 17th. BMO Capital Markets lowered their price target on shares of Vital Farms from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Thursday, December 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $45.00 price objective on shares of Vital Farms in a research report on Friday, January 30th. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.91.

Insider Activity at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $27.91, for a total value of $558,200.00. Following the sale, the insider owned 6,341,190 shares of the company’s stock, valued at $176,982,612.90. The trade was a 0.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Russell Diez-Canseco sold 16,734 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $35.05, for a total value of $586,526.70. Following the transaction, the chief executive officer owned 649,684 shares of the company’s stock, valued at approximately $22,771,424.20. This represents a 2.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 91,734 shares of company stock valued at $2,921,477 in the last quarter. 21.30% of the stock is owned by insiders.

Vital Farms Company Profile

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.