Vital Farms, Inc. (NASDAQ:VITL) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in Vital Farms, Inc. (NASDAQ:VITL) by 38.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 155,557 shares of the company’s stock after selling 98,928 shares during the quarter. Bank of New York Mellon Corp owned about 0.36% of Vital Farms worth $5,863,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Impax Asset Management Group plc purchased a new stake in shares of Vital Farms in the 4th quarter valued at approximately $4,711,000. Rothschild Investment LLC raised its stake in shares of Vital Farms by 191.2% in the 4th quarter. Rothschild Investment LLC now owns 1,814 shares of the company’s stock valued at $68,000 after acquiring an additional 1,191 shares during the period. Navellier & Associates Inc. raised its stake in shares of Vital Farms by 40.6% in the 4th quarter. Navellier & Associates Inc. now owns 83,917 shares of the company’s stock valued at $3,163,000 after acquiring an additional 24,234 shares during the period. Ieq Capital LLC purchased a new stake in shares of Vital Farms in the 4th quarter valued at approximately $291,000. Finally, Principal Financial Group Inc. raised its stake in shares of Vital Farms by 78.7% in the 4th quarter. Principal Financial Group Inc. now owns 1,171,950 shares of the company’s stock valued at $44,172,000 after acquiring an additional 516,139 shares during the period. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.19, for a total value 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 is available at this link. Also, CMO Kathryn Mckeon sold 12,300 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $42.08, for a total transaction of $517,584.00. Following the completion of the sale, the chief marketing officer now directly owns 46,203 shares in the company, valued at approximately $1,944,222.24. This represents a 21.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 145,474 shares of company stock valued at $6,171,500. Insiders own 27.60% of the company’s stock.

Vital Farms Price Performance

Shares of VITL opened at $30.94 on Monday. Vital Farms, Inc. has a fifty-two week low of $21.30 and a fifty-two week high of $48.41. The firm’s 50 day moving average price is $37.28 and its 200 day moving average price is $35.70. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.37 billion, a P/E ratio of 27.63 and a beta of 0.95.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on VITL shares. DA Davidson reduced their price target on shares of Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday. TD Cowen boosted their price target on shares of Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. William Blair reissued an “outperform” rating on shares of Vital Farms in a research note on Friday, February 28th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $52.00 target price on shares of Vital Farms in a research note on Thursday. Finally, Craig Hallum assumed coverage on shares of Vital Farms in a research note on Friday, December 20th. They set a “buy” rating and a $50.00 target price on the stock. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Vital Farms has an average rating of “Buy” and an average price target of $43.71.

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.