Vital Farms, Inc. (NASDAQ:VITL) Shares Acquired by City Center Advisors LLC

City Center Advisors LLC grew its stake in Vital Farms, Inc. (NASDAQ:VITL) by 33.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,512 shares of the company’s stock after buying an additional 2,639 shares during the period. City Center Advisors LLC’s holdings in Vital Farms were worth $396,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Brown Brothers Harriman & Co. acquired a new position in shares of Vital Farms in the 3rd quarter valued at $35,000. Quarry LP increased its holdings in shares of Vital Farms by 180.4% in the second quarter. Quarry LP now owns 1,290 shares of the company’s stock valued at $60,000 after purchasing an additional 830 shares during the period. Quest Partners LLC purchased a new position in shares of Vital Farms in the second quarter worth about $97,000. nVerses Capital LLC raised its stake in shares of Vital Farms by 130.0% in the third quarter. nVerses Capital LLC now owns 4,600 shares of the company’s stock worth $161,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Vital Farms during the second quarter worth about $168,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Russell Diez-Canseco sold 44,728 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $37.66, for a total transaction of $1,684,456.48. Following the completion of the sale, the chief executive officer now owns 613,797 shares of the company’s stock, valued at $23,115,595.02. The trade was a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $38.19, for a total transaction of $916,560.00. Following the transaction, the insider now owns 7,038,890 shares of the company’s stock, valued at approximately $268,815,209.10. This trade represents a 0.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,728 shares of company stock valued at $3,539,176. 27.60% of the stock is owned by company insiders.

Vital Farms Stock Performance

VITL opened at $40.13 on Monday. The firm has a fifty day moving average price of $35.15 and a 200 day moving average price of $35.83. Vital Farms, Inc. has a 1 year low of $14.16 and a 1 year high of $48.41. The stock has a market cap of $1.76 billion, a P/E ratio of 35.83 and a beta of 0.88. 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 issued its quarterly earnings data on Thursday, November 7th. The company reported $0.16 earnings per share 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 the consensus estimate of $145.27 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The company’s revenue was up 31.3% compared to the same quarter last year. Equities research analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Analyst Ratings Changes

VITL has been the topic of several research reports. Jefferies Financial Group cut their price target on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, November 11th. TD Cowen increased their price objective on shares of Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Craig Hallum began coverage on shares of Vital Farms in a research report on Friday, December 20th. They set a “buy” rating and a $50.00 target price for the company. Finally, DA Davidson upped their price target on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.67.

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.