Inherent Group LP Sells 246,846 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Inherent Group LP lowered its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL) by 57.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,200 shares of the company’s stock after selling 246,846 shares during the period. Vital Farms comprises 7.5% of Inherent Group LP’s portfolio, making the stock its 5th largest holding. Inherent Group LP owned approximately 0.44% of Vital Farms worth $8,662,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Lord Abbett & CO. LLC boosted its stake in shares of Vital Farms by 116.1% in the 1st quarter. Lord Abbett & CO. LLC now owns 862,644 shares of the company’s stock valued at $20,056,000 after purchasing an additional 463,471 shares in the last quarter. Emerald Advisers LLC acquired a new stake in shares of Vital Farms in the 2nd quarter valued at $15,977,000. Renaissance Technologies LLC boosted its stake in shares of Vital Farms by 73.0% in the 2nd quarter. Renaissance Technologies LLC now owns 784,153 shares of the company’s stock valued at $36,675,000 after purchasing an additional 331,000 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Vital Farms by 73.6% in the 2nd quarter. Acadian Asset Management LLC now owns 679,504 shares of the company’s stock valued at $31,766,000 after purchasing an additional 288,039 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Vital Farms in the 2nd quarter valued at $12,824,000. Institutional investors and hedge funds own 98.59% of the company’s stock.

Vital Farms Stock Performance

Vital Farms stock opened at $34.33 on Tuesday. The stock has a 50-day simple moving average of $33.44 and a 200 day simple moving average of $33.63. 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, Inc. has a 12-month low of $10.41 and a 12-month high of $48.41. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 40.39 and a beta of 0.96.

Vital Farms (NASDAQ:VITL) last announced 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 firm had revenue of $147.39 million during the quarter, compared to analysts’ expectations of $138.41 million. Vital Farms had a return on equity of 22.77% and a net margin of 8.70%. The company’s quarterly revenue was up 38.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 EPS. On average, research analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Stifel Nicolaus reduced their target price on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock 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 report on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.60.

Insiders Place Their Bets

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Russell Diez-Canseco sold 44,381 shares of the company’s stock in a transaction dated 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value 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 $287,619,033.66. The disclosure for this sale can be found here. Company insiders own 30.20% of the company’s stock.

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.