Vital Farms, Inc. (NASDAQ:VITL) Stock Holdings Lowered by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC trimmed its position in shares of Vital Farms, Inc. (NASDAQ:VITL) by 11.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 250,430 shares of the company’s stock after selling 33,432 shares during the period. Rice Hall James & Associates LLC’s holdings in Vital Farms were worth $8,783,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of VITL. 1620 Investment Advisors Inc. acquired a new position in shares of Vital Farms during the second quarter worth approximately $42,000. CWM LLC boosted its position in Vital Farms by 162.9% during the 2nd quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $49,000 after acquiring an additional 655 shares during the period. Quarry LP grew its stake in shares of Vital Farms by 180.4% in the second quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after purchasing an additional 830 shares in the last quarter. nVerses Capital LLC increased its holdings in shares of Vital Farms by 66.7% during the second quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock valued at $94,000 after purchasing an additional 800 shares during the period. Finally, Quest Partners LLC bought a new stake in shares of Vital Farms during the second quarter valued at about $97,000. Institutional investors own 98.59% of the company’s stock.

Insider Transactions at Vital Farms

In related news, CEO Russell Diez-Canseco sold 44,653 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $40.07, for a total value of $1,789,245.71. Following the completion of the transaction, the chief executive officer now owns 537,349 shares in the company, valued at $21,531,574.43. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Russell Diez-Canseco sold 44,653 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $40.07, for a total value of $1,789,245.71. Following the completion of the sale, the chief executive officer now owns 537,349 shares in the company, valued at approximately $21,531,574.43. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $39.09, for a total transaction of $938,160.00. Following the completion of the transaction, the insider now directly owns 7,194,777 shares of the company’s stock, valued at $281,243,832.93. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 27.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

VITL has been the subject of a number of recent analyst reports. DA Davidson increased their target price on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Stifel Nicolaus lowered their price objective on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Finally, TD Cowen raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.20.

Vital Farms Stock Performance

Shares of VITL opened at $34.68 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.50 and a quick ratio of 3.03. The firm’s 50 day moving average is $34.74 and its 200-day moving average is $36.21. Vital Farms, Inc. has a 12-month low of $10.72 and a 12-month high of $48.41. The stock has a market capitalization of $1.49 billion, a P/E ratio of 32.72 and a beta of 0.97.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.16. Vital Farms had a net margin of 8.70% and a return on equity of 22.77%. The firm had revenue of $147.39 million for the quarter, compared to analyst estimates of $138.41 million. During the same quarter in the previous year, the business posted $0.15 earnings per share. The firm’s quarterly revenue was up 38.5% compared to the same quarter last year. Equities research analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Vital Farms Company 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.