Vital Farms, Inc. (NASDAQ:VITL) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC cut its position in shares of Vital Farms, Inc. (NASDAQ:VITL) by 11.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 250,430 shares of the company’s stock after selling 33,432 shares during the quarter. Rice Hall James & Associates LLC owned about 0.58% of Vital Farms worth $8,783,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale increased its position in shares of Vital Farms by 27.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 8,301 shares of the company’s stock worth $291,000 after acquiring an additional 1,763 shares in the last quarter. CWC Advisors LLC. acquired a new stake in Vital Farms in the 3rd quarter valued at $240,000. Dakota Wealth Management purchased a new position in Vital Farms in the third quarter valued at about $200,000. Foresight Group Ltd Liability Partnership raised its position in Vital Farms by 60.0% in the third quarter. Foresight Group Ltd Liability Partnership now owns 15,665 shares of the company’s stock valued at $549,000 after purchasing an additional 5,875 shares during the period. Finally, Ellsworth Advisors LLC acquired a new position in shares of Vital Farms during the third quarter worth about $635,000. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Russell Diez-Canseco sold 44,653 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $40.07, for a total value of $1,789,245.71. Following the completion of the sale, the chief executive officer now directly owns 537,349 shares in the company, valued at approximately $21,531,574.43. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Russell Diez-Canseco sold 44,653 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $40.07, for a total value of $1,789,245.71. Following the transaction, the chief executive officer now directly owns 537,349 shares in the company, valued at approximately $21,531,574.43. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $39.09, for a total transaction 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 0.00 % decrease in their position. The disclosure for this sale can be found here. 27.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

VITL has been the topic of several analyst reports. TD Cowen upgraded Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Friday, August 9th. Stifel Nicolaus reduced their target price on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock 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 company a “buy” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.20.

Vital Farms Stock Down 4.7 %

Shares of NASDAQ:VITL opened at $34.68 on Friday. Vital Farms, Inc. has a 12-month low of $10.72 and a 12-month high of $48.41. The company has a current ratio of 3.50, a quick ratio of 3.03 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.49 billion, a PE ratio of 32.72 and a beta of 0.97. The company has a fifty day simple moving average of $34.74 and a 200 day simple moving average of $36.21.

Vital Farms (NASDAQ:VITL) last issued its earnings results on Thursday, August 8th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.16. The business had revenue of $147.39 million for the quarter, compared to analyst estimates of $138.41 million. Vital Farms had a net margin of 8.70% and a return on equity of 22.77%. The company’s revenue for the quarter was up 38.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 EPS. On average, equities research analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

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.