Vital Farms, Inc. (NASDAQ:VITL) Shares Sold by Foresight Group Ltd Liability Partnership

Foresight Group Ltd Liability Partnership trimmed its stake in shares of Vital Farms, Inc. (NASDAQ:VITL) by 17.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,790 shares of the company’s stock after selling 2,112 shares during the quarter. Foresight Group Ltd Liability Partnership’s holdings in Vital Farms were worth $458,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. acquired a new stake in Vital Farms in the 2nd quarter valued at approximately $42,000. CWM LLC increased its position 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 acquiring an additional 655 shares during the period. nVerses Capital LLC increased its position in Vital Farms by 66.7% in the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock valued at $94,000 after acquiring an additional 800 shares during the period. Quest Partners LLC acquired a new stake in Vital Farms in the 2nd quarter valued at approximately $97,000. Finally, Van ECK Associates Corp increased its position in Vital Farms by 8.6% in the 2nd quarter. Van ECK Associates Corp now owns 4,095 shares of the company’s stock valued at $192,000 after acquiring an additional 323 shares during the period. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on VITL. 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 note on Friday, August 9th. TD Cowen raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.60.

Insider Transactions at Vital Farms

In other news, CEO Russell Diez-Canseco sold 44,381 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $43.71, for a total transaction of $1,939,893.51. Following the completion of the sale, the chief executive officer now directly owns 427,839 shares of the company’s stock, valued at approximately $18,700,842.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Matthew Ohayer sold 24,000 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $39.58, for a total transaction of $949,920.00. Following the completion of the sale, the insider now directly owns 7,266,777 shares of the company’s stock, valued at approximately $287,619,033.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Russell Diez-Canseco sold 44,381 shares of the stock in a transaction on Friday, July 12th. The shares were sold at an average price of $43.71, for a total value of $1,939,893.51. Following the completion of the sale, the chief executive officer now owns 427,839 shares of the company’s stock, valued at approximately $18,700,842.69. The disclosure for this sale can be found here. Corporate insiders own 30.20% of the company’s stock.

Vital Farms Stock Performance

VITL opened at $31.98 on Thursday. The firm has a market cap of $1.35 billion, a PE ratio of 37.62 and a beta of 0.96. The company has a quick ratio of 3.03, a current ratio of 3.50 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $34.30 and a 200-day simple moving average of $33.23. Vital Farms, Inc. has a fifty-two week low of $10.41 and a fifty-two week high of $48.41.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.16. The business had revenue of $147.39 million during the quarter, compared to analyst estimates of $138.41 million. Vital Farms had a return on equity of 22.77% and a net margin of 8.70%. The company’s revenue was up 38.5% compared to the same quarter last year. During the same period last year, the company posted $0.15 EPS. As a group, equities analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Vital Farms 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.