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

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

Several other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in shares of Vital Farms by 78.7% during the fourth quarter. Principal Financial Group Inc. now owns 1,171,950 shares of the company’s stock valued at $44,172,000 after purchasing an additional 516,139 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Vital Farms by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 749,659 shares of the company’s stock worth $26,296,000 after buying an additional 31,187 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Vital Farms in the 3rd quarter worth approximately $16,464,000. Needham Investment Management LLC boosted its holdings in shares of Vital Farms by 7.2% in the third quarter. Needham Investment Management LLC now owns 447,500 shares of the company’s stock valued at $15,694,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake 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 during the period. Institutional investors and hedge funds own 98.59% of the company’s stock.

Vital Farms Trading Up 0.9 %

NASDAQ:VITL opened at $29.79 on Friday. The stock’s 50-day moving average is $36.38 and its two-hundred day moving average is $35.63. 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 has a market cap of $1.32 billion, a PE ratio of 26.60 and a beta of 0.95. Vital Farms, Inc. has a fifty-two week low of $22.82 and a fifty-two week high of $48.41.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on VITL. Telsey Advisory Group reaffirmed an “outperform” rating and set a $52.00 price target on shares of Vital Farms in a research note on Thursday, March 13th. DA Davidson decreased their target price on Vital Farms from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Stifel Nicolaus upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Friday, February 28th. William Blair restated an “outperform” rating on shares of Vital Farms in a research report on Friday, February 28th. Finally, TD Cowen boosted their target price 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. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $43.71.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 20,000 shares of Vital Farms stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $29.46, for a total value of $589,200.00. Following the completion of the sale, the insider now directly owns 6,970,890 shares in the company, valued at $205,362,419.40. The trade was a 0.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joanne Bal sold 28,246 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $45.10, for a total transaction of $1,273,894.60. Following the completion of the sale, the insider now owns 59,371 shares of the company’s stock, valued at $2,677,632.10. This represents a 32.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 141,474 shares of company stock worth $5,844,140 over the last 90 days. 27.60% of the stock is currently owned by corporate insiders.

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.