Vital Farms, Inc. (NASDAQ:VITL) Shares Acquired by Independent Advisor Alliance

Independent Advisor Alliance increased its position in shares of Vital Farms, Inc. (NASDAQ:VITL) by 80.3% during the third quarter, Holdings Channel.com reports. The fund owned 38,627 shares of the company’s stock after acquiring an additional 17,200 shares during the quarter. Independent Advisor Alliance’s holdings in Vital Farms were worth $1,355,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VITL. Vanguard Group Inc. grew its stake in shares of Vital Farms by 9.3% in the 1st quarter. Vanguard Group Inc. now owns 1,801,952 shares of the company’s stock worth $41,895,000 after purchasing an additional 152,743 shares during the last quarter. Marshall Wace LLP boosted its holdings in Vital Farms by 29.7% during the second quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock worth $43,859,000 after buying an additional 214,839 shares in the last quarter. Renaissance Technologies LLC grew its position in Vital Farms by 73.0% in the second quarter. Renaissance Technologies LLC now owns 784,153 shares of the company’s stock worth $36,675,000 after buying an additional 331,000 shares during the last quarter. Emerald Advisers LLC grew its position in Vital Farms by 106.8% in the third quarter. Emerald Advisers LLC now owns 706,440 shares of the company’s stock worth $24,775,000 after buying an additional 364,837 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Vital Farms by 73.6% in the second quarter. Acadian Asset Management LLC now owns 679,504 shares of the company’s stock valued at $31,766,000 after buying an additional 288,039 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Vital Farms

In other news, CEO Russell Diez-Canseco sold 44,653 shares of Vital Farms stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the completion of the sale, the chief executive officer now directly owns 537,349 shares in the company, valued at $21,531,574.43. The trade was a 7.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $39.09, for a total value of $938,160.00. Following the completion of the transaction, the insider now owns 7,194,777 shares in the company, valued at $281,243,832.93. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 27.60% of the company’s stock.

Vital Farms Stock Up 0.8 %

Shares of Vital Farms stock opened at $32.53 on Wednesday. Vital Farms, Inc. has a 1 year low of $12.44 and a 1 year high of $48.41. The company has a market cap of $1.42 billion, a P/E ratio of 29.04 and a beta of 0.97. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $34.75 and a 200 day moving average price of $36.79.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The business had revenue of $145.00 million during the quarter, compared to analyst estimates of $145.27 million. During the same period in the prior year, the firm earned $0.10 earnings per share. The firm’s revenue was up 31.3% compared to the same quarter last year. As a group, analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. TD Cowen reduced their price objective on Vital Farms from $46.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Stifel Nicolaus decreased their price target on Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Jefferies Financial Group cut their price objective on Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Finally, DA Davidson raised their target price on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.20.

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.