Barclays PLC Increases Stock Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Barclays PLC increased its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL) by 57.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 95,444 shares of the company’s stock after acquiring an additional 34,758 shares during the period. Barclays PLC owned about 0.22% of Vital Farms worth $3,347,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wellington Management Group LLP purchased a new stake in Vital Farms in the 3rd quarter valued at about $16,464,000. Millennium Management LLC grew its stake in Vital Farms by 651.3% in the second 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 during the last quarter. Emerald Advisers LLC raised its stake in shares of Vital Farms by 106.8% during the 3rd quarter. Emerald Advisers LLC now owns 706,440 shares of the company’s stock worth $24,775,000 after acquiring an additional 364,837 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of 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 in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Vital Farms by 73.6% in the second quarter. Acadian Asset Management LLC now owns 679,504 shares of the company’s stock valued at $31,766,000 after buying an additional 288,039 shares during the last quarter. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Insider Buying and Selling at Vital Farms

In related news, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $38.19, for a total value of $916,560.00. Following the completion of the sale, the insider now owns 7,038,890 shares in the company, valued at approximately $268,815,209.10. This trade represents a 0.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Russell Diez-Canseco sold 44,653 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 537,349 shares in the company, valued at $21,531,574.43. This represents a 7.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,381 shares of company stock worth $5,328,422 over the last quarter. 27.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. TD Cowen decreased their price target on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating for the company in a report on Friday, November 8th. DA Davidson upped their price objective on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Jefferies Financial Group lowered their target price on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Finally, Craig Hallum assumed coverage on shares of Vital Farms in a research note on Friday. They issued a “buy” rating and a $50.00 price target on the stock. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.00.

Vital Farms Stock Down 2.2 %

VITL stock opened at $38.81 on Tuesday. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average of $34.83 and a two-hundred day moving average of $36.26. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 34.65 and a beta of 0.93. Vital Farms, Inc. has a 12 month low of $14.16 and a 12 month high of $48.41.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings data 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. The firm had revenue of $145.00 million during the quarter, compared to analyst estimates of $145.27 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. Vital Farms’s quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. As a group, analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal 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.