Victory Capital Management Inc. Purchases Shares of 22,504 Vital Farms, Inc. (NASDAQ:VITL)

Victory Capital Management Inc. acquired a new position in Vital Farms, Inc. (NASDAQ:VITL) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,504 shares of the company’s stock, valued at approximately $789,000. Victory Capital Management Inc. owned about 0.05% of Vital Farms as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in VITL. 1620 Investment Advisors Inc. bought a new stake in Vital Farms in the second quarter worth $42,000. CWM LLC boosted its holdings in Vital Farms by 162.9% during 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. Quarry LP grew its position in Vital Farms by 180.4% during the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after acquiring an additional 830 shares during the last quarter. nVerses Capital LLC increased its stake in Vital Farms by 66.7% in the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock worth $94,000 after purchasing an additional 800 shares during the period. Finally, Quest Partners LLC bought a new stake in Vital Farms in the second quarter valued at approximately $97,000. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Insider Buying and Selling

In related news, CEO Russell Diez-Canseco sold 44,653 shares of Vital Farms stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the completion of the transaction, the chief executive officer now directly owns 537,349 shares of the company’s stock, valued at $21,531,574.43. This trade represents a 7.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $39.09, for a total transaction of $938,160.00. Following the sale, the insider now directly owns 7,194,777 shares in the company, valued at $281,243,832.93. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. 27.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on VITL shares. DA Davidson lifted their target price on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. TD Cowen decreased their price objective on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Stifel Nicolaus dropped 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. Finally, Jefferies Financial Group reduced their price target on Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, November 11th. One 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 a consensus rating of “Moderate Buy” and a consensus target price of $39.20.

Vital Farms Trading Down 0.6 %

NASDAQ:VITL opened at $32.34 on Friday. The company has a 50-day moving average price of $34.76 and a 200-day moving average price of $36.73. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 28.88 and a beta of 0.97. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. Vital Farms, Inc. has a 12 month low of $12.44 and a 12 month high of $48.41.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The business had revenue of $145.00 million during the quarter, compared to analyst estimates of $145.27 million. During the same period last year, the business posted $0.10 earnings per share. Vital Farms’s quarterly revenue was up 31.3% compared to the same quarter last year. Equities analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current 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.