Lifestyle Asset Management Inc. Purchases 598 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Lifestyle Asset Management Inc. boosted its position in Vital Farms, Inc. (NASDAQ:VITL) by 6.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 9,846 shares of the company’s stock after purchasing an additional 598 shares during the period. Lifestyle Asset Management Inc.’s holdings in Vital Farms were worth $345,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC grew its holdings in shares of Vital Farms by 116.1% in the first quarter. Lord Abbett & CO. LLC now owns 862,644 shares of the company’s stock valued at $20,056,000 after acquiring an additional 463,471 shares in the last quarter. Millennium Management LLC grew its stake in Vital Farms by 651.3% in the 2nd quarter. Millennium Management LLC now owns 494,153 shares of the company’s stock valued at $23,112,000 after purchasing an additional 428,382 shares during the period. Emerald Advisers LLC increased its position in shares of Vital Farms by 106.8% during the 3rd quarter. Emerald Advisers LLC now owns 706,440 shares of the company’s stock valued at $24,775,000 after purchasing an additional 364,837 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Vital Farms by 73.0% during the 2nd quarter. Renaissance Technologies LLC now owns 784,153 shares of the company’s stock worth $36,675,000 after purchasing an additional 331,000 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in shares of Vital Farms by 73.6% in the 2nd quarter. Acadian Asset Management LLC now owns 679,504 shares of the company’s stock worth $31,766,000 after buying an additional 288,039 shares during the last quarter. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Wall Street Analyst Weigh In

VITL has been the topic of several research reports. TD Cowen raised shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Friday, August 9th. Stifel Nicolaus lowered their price target on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Finally, DA Davidson upped their price objective on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.50.

Vital Farms Stock Performance

NASDAQ VITL opened at $31.38 on Friday. The firm has a market cap of $1.35 billion, a P/E ratio of 29.60 and a beta of 0.97. The company has a quick ratio of 3.03, a current ratio of 3.50 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $35.02 and its 200-day moving average is $36.54. Vital Farms, Inc. has a 12-month low of $11.55 and a 12-month high of $48.41.

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

Insider Activity

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,653 shares of the firm’s stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction on Monday, October 21st. The shares were 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 in the company, valued at $281,243,832.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, 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 disclosure for this sale can be found here. 27.60% of the stock is owned by company insiders.

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.