Vital Farms, Inc. (NASDAQ:VITL) Shares Sold by Driehaus Capital Management LLC

Driehaus Capital Management LLC trimmed its holdings in Vital Farms, Inc. (NASDAQ:VITL) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 682,186 shares of the company’s stock after selling 7,396 shares during the quarter. Driehaus Capital Management LLC owned about 1.62% of Vital Farms worth $31,906,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Susquehanna Fundamental Investments LLC bought a new position in Vital Farms in the 2nd quarter worth approximately $362,000. Millennium Management LLC boosted its stake in Vital Farms by 651.3% during the 2nd quarter. Millennium Management LLC now owns 494,153 shares of the company’s stock valued at $23,112,000 after purchasing an additional 428,382 shares in the last quarter. AQR Capital Management LLC boosted its stake in Vital Farms by 317.9% during the 2nd quarter. AQR Capital Management LLC now owns 74,161 shares of the company’s stock valued at $3,469,000 after purchasing an additional 56,414 shares in the last quarter. Squarepoint Ops LLC boosted its stake in Vital Farms by 230.8% during the 2nd quarter. Squarepoint Ops LLC now owns 230,940 shares of the company’s stock valued at $10,801,000 after purchasing an additional 161,131 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in Vital Farms by 29.7% during the 2nd quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock valued at $43,859,000 after purchasing an additional 214,839 shares in the last quarter. 98.59% of the stock is owned by institutional investors.

Vital Farms Stock Performance

VITL opened at $35.13 on Friday. The firm has a market cap of $1.48 billion, a PE ratio of 41.33 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. The business has a fifty day simple moving average of $33.00 and a 200-day simple moving average of $33.95. 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.

Insider Transactions at Vital Farms

In other news, CEO Russell Diez-Canseco sold 44,381 shares of the 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 completion of the sale, the chief executive officer now owns 427,839 shares in the company, valued at $18,700,842.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Russell Diez-Canseco sold 44,381 shares of the 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 completion of the sale, the chief executive officer now owns 427,839 shares in the company, valued at $18,700,842.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction 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 completion of the sale, the insider now owns 7,266,777 shares of the company’s stock, valued at approximately $287,619,033.66. The disclosure for this sale can be found here. Corporate insiders own 30.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on VITL shares. 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.60.

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.