Dynamic Technology Lab Private Ltd Purchases New Stake in Vital Farms, Inc. (NASDAQ:VITL)

Dynamic Technology Lab Private Ltd bought a new stake in Vital Farms, Inc. (NASDAQ:VITL) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 8,159 shares of the company’s stock, valued at approximately $286,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 1620 Investment Advisors Inc. acquired a new position in Vital Farms during the second quarter worth about $42,000. CWM LLC boosted its position in Vital Farms by 162.9% during the second quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after acquiring an additional 655 shares during the last quarter. Quarry LP grew its holdings in Vital Farms by 180.4% during the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after acquiring an additional 830 shares during the period. nVerses Capital LLC grew its holdings in Vital Farms by 66.7% during the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock worth $94,000 after acquiring an additional 800 shares during the period. Finally, Quest Partners LLC bought a new position in shares of Vital Farms in the 2nd quarter worth about $97,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VITL has been the topic of several research analyst reports. Jefferies Financial Group cut their target price on Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. DA Davidson boosted their price target on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Stifel Nicolaus lowered their price objective on Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Finally, TD Cowen lowered their target price 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.20.

Vital Farms Price Performance

Vital Farms stock opened at $33.20 on Monday. Vital Farms, Inc. has a 12 month low of $12.82 and a 12 month high of $48.41. 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 business’s 50 day simple moving average is $34.75 and its 200 day simple moving average is $36.68. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 29.64 and a beta of 0.97.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $145.00 million for the quarter, compared to analysts’ expectations of $145.27 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. Vital Farms’s revenue was up 31.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 EPS. Sell-side analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current year.

Insider Activity

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,653 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the sale, the chief executive officer now owns 537,349 shares in the company, valued at $21,531,574.43. This trade represents a 7.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $39.09, for a total value of $938,160.00. Following the transaction, the insider now owns 7,194,777 shares in the company, valued at $281,243,832.93. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 27.60% of the company’s stock.

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.