Vital Farms, Inc. (NASDAQ:VITL) Shares Purchased by Needham Investment Management LLC

Needham Investment Management LLC raised its stake in shares of Vital Farms, Inc. (NASDAQ:VITL) by 7.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 447,500 shares of the company’s stock after acquiring an additional 30,000 shares during the quarter. Vital Farms makes up 1.2% of Needham Investment Management LLC’s investment portfolio, making the stock its 28th largest position. Needham Investment Management LLC’s holdings in Vital Farms were worth $15,694,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Brown Brothers Harriman & Co. purchased a new stake in Vital Farms during the 3rd quarter worth approximately $35,000. 1620 Investment Advisors Inc. acquired a new position in Vital Farms in the 2nd quarter valued at $42,000. CWM LLC lifted its holdings in Vital Farms by 162.9% in the 2nd 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. Quarry LP boosted its stake in Vital Farms by 180.4% during the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after purchasing an additional 830 shares during the last quarter. Finally, nVerses Capital LLC grew its holdings in shares of Vital Farms by 66.7% during the second quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock worth $94,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 98.59% of the company’s stock.

Insider Buying and Selling at Vital Farms

In related news, CEO Russell Diez-Canseco sold 44,653 shares of the firm’s 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 transaction, the chief executive officer now directly owns 537,349 shares in the company, valued at $21,531,574.43. This trade represents a 7.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 shares were sold at an average price of $39.09, for a total transaction of $938,160.00. Following the completion of the transaction, the insider now directly owns 7,194,777 shares of the company’s stock, valued at $281,243,832.93. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. 27.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on VITL. TD Cowen lowered their price target on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Stifel Nicolaus lowered their target price on Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Jefferies Financial Group dropped their price target 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, DA Davidson lifted their price objective on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vital Farms has an average rating of “Moderate Buy” and a consensus price target of $39.20.

Vital Farms Trading Down 2.3 %

Shares of Vital Farms stock traded down $0.79 during mid-day trading on Tuesday, hitting $32.96. The stock had a trading volume of 129,151 shares, compared to its average volume of 812,958. The firm has a market cap of $1.44 billion, a P/E ratio of 30.13 and a beta of 0.94. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average of $34.75 and a two-hundred day moving average of $36.68. Vital Farms, Inc. has a 12-month low of $13.74 and a 12-month high of $48.41.

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

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.