Vontobel Holding Ltd. Acquires New Position in Vital Farms, Inc. (NASDAQ:VITL)

Vontobel Holding Ltd. acquired a new stake in shares of Vital Farms, Inc. (NASDAQ:VITL) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 7,900 shares of the company’s stock, valued at approximately $298,000.

Several other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of Vital Farms by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 749,659 shares of the company’s stock valued at $26,296,000 after buying an additional 31,187 shares during the period. Emerald Advisers LLC grew its stake in shares of Vital Farms by 106.8% in the 3rd quarter. Emerald Advisers LLC now owns 706,440 shares of the company’s stock valued at $24,775,000 after buying an additional 364,837 shares during the period. Principal Financial Group Inc. grew its stake in shares of Vital Farms by 35.6% in the 3rd quarter. Principal Financial Group Inc. now owns 655,811 shares of the company’s stock valued at $22,999,000 after buying an additional 172,249 shares during the period. Emerald Mutual Fund Advisers Trust grew its stake in shares of Vital Farms by 93.9% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 531,676 shares of the company’s stock valued at $18,646,000 after buying an additional 257,492 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in shares of Vital Farms in the 3rd quarter valued at approximately $16,464,000. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Insiders Place Their Bets

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 transaction of $1,036,560.00. Following the sale, the insider now directly owns 7,014,890 shares in the company, valued at $302,973,099.10. This represents a 0.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Kathryn Mckeon sold 12,300 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $44.05, for a total transaction of $541,815.00. Following the completion of the sale, the chief marketing officer now directly owns 46,203 shares in the company, valued at approximately $2,035,242.15. This represents a 21.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 190,202 shares of company stock worth $7,855,957 in the last ninety days. 27.60% of the stock is owned by corporate insiders.

Vital Farms Price Performance

Vital Farms stock opened at $34.90 on Friday. The firm has a market cap of $1.53 billion, a PE ratio of 31.16 and a beta of 0.90. Vital Farms, Inc. has a 52-week low of $16.18 and a 52-week high of $48.41. 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’s 50 day moving average is $39.31 and its two-hundred day moving average is $35.66.

Analysts Set New Price Targets

VITL has been the subject of several analyst reports. Craig Hallum initiated coverage on shares of Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 price target for the company. Jefferies Financial Group decreased their price objective on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, November 11th. 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. Stifel Nicolaus upped their price objective on shares of Vital Farms from $34.00 to $44.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $52.00 price objective on shares of Vital Farms in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.57.

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.