Charles Schwab Investment Management Inc. Has $8.89 Million Stake in Vital Farms, Inc. (NASDAQ:VITL)

Charles Schwab Investment Management Inc. lifted its stake in shares of Vital Farms, Inc. (NASDAQ:VITL) by 6.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 253,434 shares of the company’s stock after acquiring an additional 14,426 shares during the period. Charles Schwab Investment Management Inc. owned 0.59% of Vital Farms worth $8,888,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC bought a new stake in Vital Farms during the 3rd quarter valued at $301,000. Advisors Asset Management Inc. boosted its holdings in shares of Vital Farms by 25.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 16,793 shares of the company’s stock worth $589,000 after buying an additional 3,429 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its holdings in shares of Vital Farms by 16.4% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 58,193 shares of the company’s stock worth $2,041,000 after buying an additional 8,214 shares during the last quarter. Quest Partners LLC boosted its holdings in shares of Vital Farms by 882.6% in the 3rd quarter. Quest Partners LLC now owns 20,320 shares of the company’s stock worth $713,000 after buying an additional 18,252 shares during the last quarter. Finally, Chesapeake Capital Corp IL boosted its holdings in shares of Vital Farms by 27.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 21,092 shares of the company’s stock worth $741,000 after buying an additional 4,602 shares during the last quarter. Institutional investors and hedge funds own 98.59% of the company’s stock.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Russell Diez-Canseco sold 44,653 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $40.07, for a total value of $1,789,245.71. Following the sale, the chief executive officer now owns 537,349 shares of the company’s stock, valued at approximately $21,531,574.43. This represents a 7.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 27.60% of the company’s stock.

Vital Farms Stock Up 1.6 %

Shares of Vital Farms stock opened at $37.57 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. Vital Farms, Inc. has a 52-week low of $14.14 and a 52-week high of $48.41. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 33.54 and a beta of 0.93. The company’s 50 day moving average price is $34.74 and its 200-day moving average price is $36.47.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $145.27 million. During the same quarter last year, the firm posted $0.10 earnings per share. The firm’s revenue was up 31.3% on a year-over-year basis. Equities research analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on VITL shares. TD Cowen dropped their price objective on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, November 8th. DA Davidson upped their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group reduced their price target on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently 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.