Frazier Financial Advisors LLC Makes New Investment in Vital Farms, Inc. (NASDAQ:VITL)

Frazier Financial Advisors LLC bought a new stake in Vital Farms, Inc. (NASDAQ:VITL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,576 shares of the company’s stock, valued at approximately $59,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Securities Inc. raised its stake in Vital Farms by 29.4% in the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company’s stock worth $63,000 after purchasing an additional 380 shares in the last quarter. Lifestyle Asset Management Inc. raised its position in shares of Vital Farms by 5.1% in the fourth quarter. Lifestyle Asset Management Inc. now owns 10,345 shares of the company’s stock valued at $390,000 after buying an additional 499 shares in the last quarter. US Bancorp DE boosted its stake in shares of Vital Farms by 160.3% in the fourth quarter. US Bancorp DE now owns 1,416 shares of the company’s stock valued at $53,000 after buying an additional 872 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in Vital Farms during the third quarter worth approximately $35,000. Finally, Quarry LP increased its stake in Vital Farms by 87.1% during the 3rd quarter. Quarry LP now owns 2,414 shares of the company’s stock worth $85,000 after acquiring an additional 1,124 shares during the period. Institutional investors and hedge funds own 98.59% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Russell Diez-Canseco sold 44,628 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $42.24, for a total value of $1,885,086.72. Following the transaction, the chief executive officer now owns 668,202 shares in the company, valued at $28,224,852.48. This trade represents a 6.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Kathryn Mckeon sold 12,300 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $42.08, for a total value of $517,584.00. Following the sale, the chief marketing officer now owns 46,203 shares of the company’s stock, valued at $1,944,222.24. This trade represents a 21.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 145,474 shares of company stock worth $5,969,700. Corporate insiders own 27.60% of the company’s stock.

Vital Farms Stock Down 2.4 %

Shares of NASDAQ:VITL opened at $30.27 on Friday. The business has a fifty day simple moving average of $35.49 and a 200 day simple moving average of $35.63. Vital Farms, Inc. has a 12-month low of $23.04 and a 12-month high of $48.41. The firm has a market cap of $1.34 billion, a P/E ratio of 27.03 and a beta of 0.95. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04.

Vital Farms (NASDAQ:VITL) last released its earnings results on Thursday, February 27th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. The business had revenue of $165.99 million during 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%. Analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VITL. 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. Morgan Stanley initiated coverage on shares of Vital Farms in a report on Monday. They issued an “overweight” rating and a $30.00 target price on the stock. TD Cowen increased their price target on shares of Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. DA Davidson lowered their price objective on shares of Vital Farms from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Finally, William Blair reaffirmed an “outperform” rating on shares of Vital Farms in a report on Friday, February 28th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $42.00.

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.