18,543 Shares in Vital Farms, Inc. (NASDAQ:VITL) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of Vital Farms, Inc. (NASDAQ:VITL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 18,543 shares of the company’s stock, valued at approximately $699,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nordea Investment Management AB bought a new position in Vital Farms during the 4th quarter worth approximately $2,765,000. JPMorgan Chase & Co. grew its position in shares of Vital Farms by 38.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 266,398 shares of the company’s stock worth $9,343,000 after buying an additional 74,593 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Vital Farms by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 253,434 shares of the company’s stock valued at $8,888,000 after buying an additional 14,426 shares during the period. Franklin Resources Inc. raised its holdings in shares of Vital Farms by 10.2% during the third quarter. Franklin Resources Inc. now owns 372,583 shares of the company’s stock valued at $13,066,000 after acquiring an additional 34,412 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in shares of Vital Farms by 882.6% during the third quarter. Quest Partners LLC now owns 20,320 shares of the company’s stock valued at $713,000 after acquiring an additional 18,252 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors.

Insider Transactions at Vital Farms

In related news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $43.19, for a total transaction of $1,036,560.00. Following the sale, the insider now directly owns 7,014,890 shares of the company’s stock, valued at approximately $302,973,099.10. This represents a 0.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Russell Diez-Canseco sold 44,728 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $37.66, for a total transaction of $1,684,456.48. Following the sale, the chief executive officer now directly owns 613,797 shares in the company, valued at $23,115,595.02. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 190,202 shares of company stock valued at $7,855,957 in the last three months. 27.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $52.00 price target on shares of Vital Farms in a report on Friday, February 28th. Jefferies Financial Group decreased their price objective on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a report on Monday, November 11th. Craig Hallum started coverage on shares of Vital Farms in a report on Friday, December 20th. They issued a “buy” rating and a $50.00 price objective for the company. TD Cowen upped their price objective on shares of Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, Stifel Nicolaus 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, February 28th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $44.57.

Vital Farms Stock Up 9.0 %

NASDAQ:VITL opened at $33.12 on Monday. The firm’s 50-day moving average price is $37.98 and its 200-day moving average price is $35.73. The company has a market capitalization of $1.47 billion, a PE ratio of 29.57 and a beta of 0.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. Vital Farms, Inc. has a 1-year low of $20.66 and a 1-year high of $48.41.

Vital Farms (NASDAQ:VITL) last released its earnings results on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The firm had revenue of $165.99 million for the quarter, compared to the consensus estimate of $160.32 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. On average, equities analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current fiscal 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.