DekaBank Deutsche Girozentrale Has $289,000 Stock Position in Vital Farms, Inc. (NASDAQ:VITL)

DekaBank Deutsche Girozentrale lessened its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL) by 21.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,538 shares of the company’s stock after selling 1,763 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Vital Farms were worth $289,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Lord Abbett & CO. LLC boosted its stake in shares of Vital Farms by 116.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 862,644 shares of the company’s stock worth $20,056,000 after acquiring an additional 463,471 shares during the period. Emerald Advisers LLC acquired a new stake in Vital Farms during the 2nd quarter valued at $15,977,000. Acadian Asset Management LLC boosted its position in Vital Farms by 73.6% during the second quarter. Acadian Asset Management LLC now owns 679,504 shares of the company’s stock worth $31,766,000 after purchasing an additional 288,039 shares during the period. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Vital Farms in the second quarter valued at $12,824,000. Finally, William Blair Investment Management LLC increased its holdings in shares of Vital Farms by 9.2% in the first quarter. William Blair Investment Management LLC now owns 2,650,008 shares of the company’s stock valued at $61,613,000 after purchasing an additional 224,335 shares during the last quarter. Institutional investors own 98.59% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on VITL. TD Cowen raised shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Friday, August 9th. Stifel Nicolaus cut their price objective 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Vital Farms currently has an average rating of “Moderate Buy” and an average price target of $34.60.

Vital Farms Stock Performance

Shares of NASDAQ:VITL opened at $33.43 on Friday. Vital Farms, Inc. has a 12-month low of $10.41 and a 12-month high of $48.41. The company’s 50 day moving average price is $33.81 and its two-hundred day moving average price is $33.22. The firm has a market cap of $1.41 billion, a PE ratio of 39.33 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.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.16. The firm had revenue of $147.39 million for 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% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS. Equities research analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Insider Activity at Vital Farms

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