Rhumbline Advisers Sells 719 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Rhumbline Advisers lessened its position in Vital Farms, Inc. (NASDAQ:VITL) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,432 shares of the company’s stock after selling 719 shares during the period. Rhumbline Advisers owned about 0.11% of Vital Farms worth $1,750,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in VITL. Brown Brothers Harriman & Co. bought a new position in Vital Farms in the 3rd quarter valued at approximately $35,000. Mendota Financial Group LLC purchased a new position in shares of Vital Farms in the fourth quarter worth $62,000. Quarry LP lifted its holdings in shares of Vital Farms by 87.1% during the third quarter. Quarry LP now owns 2,414 shares of the company’s stock valued at $85,000 after purchasing an additional 1,124 shares in the last quarter. Values First Advisors Inc. bought a new position in shares of Vital Farms during the fourth quarter valued at $199,000. Finally, XTX Topco Ltd purchased a new stake in shares of Vital Farms during the third quarter valued at $203,000. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Vital Farms Stock Down 1.3 %

VITL stock opened at $31.15 on Wednesday. The business’s 50-day moving average price is $38.38 and its 200-day moving average price is $35.73. The stock has a market cap of $1.36 billion, a P/E ratio of 27.81 and a beta of 0.90. Vital Farms, Inc. has a twelve month low of $18.26 and a twelve month 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.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Stifel Nicolaus raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Friday, February 28th. Telsey Advisory Group reissued an “outperform” rating and set a $52.00 price objective on shares of Vital Farms in a report on Friday, February 28th. Jefferies Financial Group dropped their target price 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. Craig Hallum initiated coverage on shares of Vital Farms in a research report on Friday, December 20th. They issued a “buy” rating and a $50.00 target price for the company. Finally, TD Cowen increased their price target on Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $44.57.

Insiders Place Their Bets

In related news, insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now owns 7,014,890 shares in the company, valued at approximately $302,973,099.10. This represents a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Russell Diez-Canseco sold 44,728 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 613,797 shares of the company’s stock, valued at $23,115,595.02. The trade was a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 190,202 shares of company stock worth $7,855,957 in the last three months. 27.60% of the stock is owned by company insiders.

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.