Intech Investment Management LLC Acquires New Stake in Vital Farms, Inc. (NASDAQ:VITL)

Intech Investment Management LLC acquired a new stake in shares of Vital Farms, Inc. (NASDAQ:VITL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,572 shares of the company’s stock, valued at approximately $301,000.

Several other large investors also recently added to or reduced their stakes in VITL. Millennium Management LLC boosted its stake in Vital Farms by 651.3% during the second quarter. Millennium Management LLC now owns 494,153 shares of the company’s stock valued at $23,112,000 after buying an additional 428,382 shares during the period. Emerald Advisers LLC lifted its stake in Vital Farms by 106.8% during the third quarter. Emerald Advisers LLC now owns 706,440 shares of the company’s stock worth $24,775,000 after purchasing an additional 364,837 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Vital Farms by 73.0% during the second quarter. Renaissance Technologies LLC now owns 784,153 shares of the company’s stock worth $36,675,000 after purchasing an additional 331,000 shares during the last quarter. Acadian Asset Management LLC lifted its stake 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 last quarter. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in Vital Farms during the second quarter worth about $12,824,000. Institutional investors own 98.59% of the company’s stock.

Insider Activity at Vital Farms

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

Vital Farms Stock Up 0.3 %

Shares of NASDAQ:VITL opened at $34.23 on Thursday. Vital Farms, Inc. has a 1 year low of $13.80 and a 1 year high of $48.41. The company has a market cap of $1.50 billion, a PE ratio of 30.48 and a beta of 0.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The stock’s 50-day moving average is $34.71 and its 200 day moving average is $36.62.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The company had revenue of $145.00 million for the quarter, compared to the consensus estimate of $145.27 million. During the same quarter in the previous year, the business earned $0.10 EPS. Vital Farms’s revenue was up 31.3% compared to the same quarter last year. Sell-side analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. TD Cowen dropped their price target on Vital Farms from $46.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Jefferies Financial Group dropped their price target on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, November 11th. DA Davidson lifted their price objective on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Stifel Nicolaus decreased their price objective on Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a report on Friday, August 9th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.20.

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.