De Lisle Partners LLP Has $4.24 Million Stock Position in Vital Farms, Inc. (NASDAQ:VITL)

De Lisle Partners LLP raised its position in Vital Farms, Inc. (NASDAQ:VITL) by 22.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 120,826 shares of the company’s stock after acquiring an additional 22,000 shares during the period. De Lisle Partners LLP owned approximately 0.28% of Vital Farms worth $4,241,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp raised its holdings in shares of Vital Farms by 8.6% in the 2nd quarter. Van ECK Associates Corp now owns 4,095 shares of the company’s stock worth $192,000 after acquiring an additional 323 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Vital Farms by 4.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 7,857 shares of the company’s stock worth $276,000 after purchasing an additional 329 shares in the last quarter. Lifestyle Asset Management Inc. raised its stake in shares of Vital Farms by 6.5% in the third quarter. Lifestyle Asset Management Inc. now owns 9,846 shares of the company’s stock worth $345,000 after purchasing an additional 598 shares during the last quarter. CWM LLC lifted its holdings in shares of Vital Farms by 162.9% in the second quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after purchasing an additional 655 shares in the last quarter. Finally, nVerses Capital LLC lifted its holdings in shares of Vital Farms by 66.7% in 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 in the last quarter. Institutional investors own 98.59% of the company’s stock.

Analysts Set New Price Targets

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

Vital Farms Stock Performance

NASDAQ:VITL opened at $32.34 on Thursday. The business’s fifty day moving average is $34.75 and its 200 day moving average is $36.76. Vital Farms, Inc. has a 52-week low of $12.44 and a 52-week high of $48.41. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 28.88 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24.

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

Insider Activity at Vital Farms

In other news, CEO Russell Diez-Canseco sold 44,653 shares of the business’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 sale, the chief executive officer now owns 537,349 shares of the company’s stock, valued at approximately $21,531,574.43. The trade was a 7.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value of $938,160.00. Following the transaction, the insider now owns 7,194,777 shares in the company, valued at approximately $281,243,832.93. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 27.60% of the stock is owned by insiders.

About Vital Farms

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.