Aigen Investment Management LP Makes New Investment in Vital Farms, Inc. (NASDAQ:VITL)

Aigen Investment Management LP acquired a new stake in shares of Vital Farms, Inc. (NASDAQ:VITL) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 11,332 shares of the company’s stock, valued at approximately $397,000.

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

Vital Farms Price Performance

NASDAQ VITL opened at $28.50 on Friday. 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 has a market cap of $1.25 billion, a PE ratio of 25.45 and a beta of 0.97. Vital Farms, Inc. has a 52 week low of $12.23 and a 52 week high of $48.41. The firm’s 50-day simple moving average is $34.85 and its two-hundred day simple moving average is $36.64.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The company had revenue of $145.00 million during the quarter, compared to the consensus estimate of $145.27 million. During the same period last year, the firm earned $0.10 EPS. Vital Farms’s revenue for the quarter was up 31.3% on a year-over-year basis. Research analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Insider Activity

In other news, 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 sale, the insider now directly owns 7,194,777 shares of the company’s stock, valued at approximately $281,243,832.93. This represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Russell Diez-Canseco sold 44,653 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the transaction, the chief executive officer now directly owns 537,349 shares of the company’s stock, valued at approximately $21,531,574.43. This represents a 7.67 % decrease in their position. The disclosure for this sale can be found here. 27.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

VITL has been the subject of a number of research analyst reports. Jefferies Financial Group decreased their price target on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Monday. TD Cowen lowered their price objective on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Stifel Nicolaus reduced their target price on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Finally, DA Davidson raised their price target on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.20.

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.