Chatham Capital Group Inc. Buys Shares of 68,715 Vital Farms, Inc. (NASDAQ:VITL)

Chatham Capital Group Inc. bought a new stake in Vital Farms, Inc. (NASDAQ:VITL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 68,715 shares of the company’s stock, valued at approximately $2,590,000. Chatham Capital Group Inc. owned 0.16% of Vital Farms as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VITL. Principal Financial Group Inc. boosted its stake in Vital Farms by 78.7% in the fourth quarter. Principal Financial Group Inc. now owns 1,171,950 shares of the company’s stock valued at $44,172,000 after acquiring an additional 516,139 shares during the period. Wellington Management Group LLP acquired a new position in shares of Vital Farms during the third quarter worth approximately $16,464,000. Wasatch Advisors LP acquired a new position in shares of Vital Farms during the third quarter worth approximately $9,894,000. Impax Asset Management Group plc acquired a new position in shares of Vital Farms during the fourth quarter worth approximately $4,711,000. Finally, Two Sigma Advisers LP boosted its position in shares of Vital Farms by 67.5% during the third quarter. Two Sigma Advisers LP now owns 300,900 shares of the company’s stock worth $10,553,000 after buying an additional 121,300 shares during the period. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $43.19, for a total value of $1,036,560.00. Following the transaction, the insider now owns 7,014,890 shares of the company’s stock, valued at approximately $302,973,099.10. This represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joanne Bal sold 28,246 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $45.10, for a total value of $1,273,894.60. Following the completion of the transaction, the insider now directly owns 59,371 shares in the company, valued at $2,677,632.10. This represents a 32.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 190,202 shares of company stock valued at $7,855,957. Corporate insiders own 27.60% of the company’s stock.

Vital Farms Price Performance

Shares of NASDAQ:VITL opened at $30.39 on Friday. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 27.13 and a beta of 0.95. Vital Farms, Inc. has a 12 month low of $19.22 and a 12 month high of $48.41. The stock’s 50 day moving average price is $38.21 and its 200 day moving average price is $35.69. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. The company had revenue of $165.99 million for the quarter, compared to analysts’ expectations of $160.32 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. Equities research analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

VITL has been the subject of several analyst reports. Craig Hallum initiated coverage on Vital Farms in a research report on Friday, December 20th. They set a “buy” rating and a $50.00 price objective for the company. Telsey Advisory Group reiterated an “outperform” rating and set a $52.00 price objective on shares of Vital Farms in a research report on Friday, February 28th. TD Cowen boosted their price objective on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Jefferies Financial Group reduced their price objective on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Finally, Stifel Nicolaus 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, February 28th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $44.57.

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.