Wrapmanager Inc. Cuts Stake in Vital Farms, Inc. (NASDAQ:VITL)

Wrapmanager Inc. cut its holdings in Vital Farms, Inc. (NASDAQ:VITL) by 14.4% during the fourth quarter, Holdings Channel reports. The firm owned 19,563 shares of the company’s stock after selling 3,294 shares during the quarter. Wrapmanager Inc.’s holdings in Vital Farms were worth $307,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of VITL. Acadian Asset Management LLC grew its holdings in shares of Vital Farms by 221.0% in the third quarter. Acadian Asset Management LLC now owns 176,608 shares of the company’s stock valued at $2,043,000 after purchasing an additional 121,596 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Vital Farms by 52.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,196 shares of the company’s stock valued at $95,000 after acquiring an additional 2,833 shares during the last quarter. Schroder Investment Management Group grew its position in Vital Farms by 79.3% in the third quarter. Schroder Investment Management Group now owns 524,598 shares of the company’s stock worth $6,075,000 after acquiring an additional 231,985 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Vital Farms during the third quarter worth approximately $821,000. Finally, Hsbc Holdings PLC raised its position in Vital Farms by 15.2% during the third quarter. Hsbc Holdings PLC now owns 15,905 shares of the company’s stock valued at $184,000 after purchasing an additional 2,094 shares during the period. Institutional investors own 98.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VITL shares. Lake Street Capital lifted their target price on Vital Farms from $26.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. William Blair initiated coverage on shares of Vital Farms in a research note on Wednesday, April 10th. They set an “outperform” rating for the company. Stifel Nicolaus increased their target price on shares of Vital Farms from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, TheStreet raised shares of Vital Farms from a “c” rating to a “b-” rating in a research note on Monday, March 18th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Vital Farms presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Vital Farms Trading Up 26.9 %

Vital Farms stock traded up $8.06 during trading hours on Thursday, hitting $37.97. The company had a trading volume of 4,000,743 shares, compared to its average volume of 466,299. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.49 and a current ratio of 3.00. The firm has a market cap of $1.60 billion, a P/E ratio of 65.47 and a beta of 0.79. The company has a 50-day moving average price of $24.38 and a two-hundred day moving average price of $17.78. Vital Farms, Inc. has a 1 year low of $10.00 and a 1 year high of $39.25.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. Vital Farms had a net margin of 5.42% and a return on equity of 14.22%. The firm had revenue of $135.81 million during the quarter, compared to the consensus estimate of $131.10 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. On average, sell-side analysts anticipate that Vital Farms, Inc. will post 0.77 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Russell Diez-Canseco sold 27,528 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $15.49, for a total transaction of $426,408.72. Following the transaction, the chief executive officer now owns 223,568 shares in the company, valued at $3,463,068.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Russell Diez-Canseco sold 27,528 shares of Vital Farms stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $15.49, for a total transaction of $426,408.72. Following the transaction, the chief executive officer now directly owns 223,568 shares of the company’s stock, valued at $3,463,068.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Karl Khoury sold 4,000 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $21.27, for a total value of $85,080.00. Following the sale, the director now owns 155,069 shares of the company’s stock, valued at approximately $3,298,317.63. The disclosure for this sale can be found here. In the last ninety days, insiders sold 260,125 shares of company stock worth $5,580,996. 30.20% of the stock is currently owned by company 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.