Pictet Asset Management Holding SA Has $34.12 Million Stock Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Pictet Asset Management Holding SA raised its stake in Vital Farms, Inc. (NASDAQ:VITL) by 30.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 905,354 shares of the company’s stock after buying an additional 208,951 shares during the period. Pictet Asset Management Holding SA’s holdings in Vital Farms were worth $34,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in Vital Farms by 78.7% in the 4th quarter. Principal Financial Group Inc. now owns 1,171,950 shares of the company’s stock valued at $44,172,000 after buying an additional 516,139 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Vital Farms in the third quarter valued at approximately $16,464,000. Jupiter Asset Management Ltd. increased its stake in shares of Vital Farms by 96.3% during the fourth quarter. Jupiter Asset Management Ltd. now owns 628,709 shares of the company’s stock worth $23,696,000 after purchasing an additional 308,425 shares during the period. Wasatch Advisors LP acquired a new stake in Vital Farms during the 3rd quarter worth approximately $9,894,000. Finally, Emerald Advisers LLC boosted its stake in Vital Farms by 22.3% in the 4th quarter. Emerald Advisers LLC now owns 864,323 shares of the company’s stock valued at $32,576,000 after purchasing an additional 157,883 shares during the period. 98.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VITL has been the subject of a number of research reports. 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 report on Friday, February 28th. William Blair restated an “outperform” rating on shares of Vital Farms in a research report on Friday, February 28th. Morgan Stanley assumed coverage on shares of Vital Farms in a report on Monday, March 24th. They set an “overweight” rating and a $30.00 target price on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $52.00 price target on shares of Vital Farms in a research note on Thursday, March 13th. Finally, Craig Hallum started coverage on Vital Farms in a report on Friday, December 20th. They issued a “buy” rating and a $50.00 price objective for the company. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vital Farms presently has an average rating of “Buy” and a consensus price target of $42.00.

Insider Activity

In other Vital Farms news, insider Joanne Bal sold 28,246 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $45.10, for a total value of $1,273,894.60. Following the completion of the transaction, the insider now owns 59,371 shares of the company’s stock, valued at $2,677,632.10. This represents a 32.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Russell Diez-Canseco sold 44,628 shares of Vital Farms stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $42.24, for a total value of $1,885,086.72. Following the sale, the chief executive officer now directly owns 668,202 shares in the company, valued at $28,224,852.48. The trade was a 6.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 145,474 shares of company stock worth $5,969,700. Corporate insiders own 27.60% of the company’s stock.

Vital Farms Stock Down 1.8 %

NASDAQ VITL opened at $29.72 on Monday. The business has a fifty day moving average price of $35.18 and a two-hundred day moving average price of $35.68. The stock has a market capitalization of $1.32 billion, a PE ratio of 26.54 and a beta of 0.95. Vital Farms, Inc. has a fifty-two week low of $23.04 and a fifty-two week high of $48.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.08. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The business had revenue of $165.99 million during the quarter, compared to the consensus estimate of $160.32 million. Equities analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Vital Farms 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.