7,873 Shares in Vital Farms, Inc. (NASDAQ:VITL) Purchased by City Center Advisors LLC

City Center Advisors LLC acquired a new position in shares of Vital Farms, Inc. (NASDAQ:VITL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,873 shares of the company’s stock, valued at approximately $276,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Counterpoint Mutual Funds LLC bought a new stake in shares of Vital Farms in the 1st quarter worth approximately $656,000. Anchor Capital Management Company LLC bought a new position in shares of Vital Farms during the first quarter valued at $2,325,000. Principal Financial Group Inc. increased its holdings in shares of Vital Farms by 19.4% during the first quarter. Principal Financial Group Inc. now owns 477,826 shares of the company’s stock valued at $11,109,000 after acquiring an additional 77,710 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Vital Farms by 10.4% in the 1st quarter. GSA Capital Partners LLP now owns 136,958 shares of the company’s stock worth $3,184,000 after purchasing an additional 12,851 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in Vital Farms in the 1st quarter worth about $660,000. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on VITL shares. Stifel Nicolaus decreased their target price on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a report on Friday, August 9th. TD Cowen upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Friday, August 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.60.

Insider Buying and Selling at Vital Farms

In other news, CEO Russell Diez-Canseco sold 44,381 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were 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 owns 427,839 shares of the company’s stock, valued at $18,700,842.69. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was 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 in the company, valued at $287,619,033.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Russell Diez-Canseco sold 44,381 shares of the firm’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 transaction, the chief executive officer now directly owns 427,839 shares in the company, valued at $18,700,842.69. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 30.20% of the company’s stock.

Vital Farms Stock Up 3.7 %

VITL opened at $37.67 on Tuesday. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 44.32 and a beta of 0.97. The firm has a 50 day moving average price of $32.84 and a 200-day moving average price of $34.61. Vital Farms, Inc. has a twelve month low of $10.41 and a twelve month high of $48.41. 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 released its quarterly earnings results on Thursday, August 8th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.16. Vital Farms had a return on equity of 22.77% and a net margin of 8.70%. The firm had revenue of $147.39 million for the quarter, compared to analysts’ expectations of $138.41 million. During the same period in the prior year, the firm earned $0.15 EPS. The company’s revenue was up 38.5% compared to the same quarter last year. Equities research 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.