Vital Farms, Inc. (NASDAQ:VITL) Shares Sold by Trexquant Investment LP

Trexquant Investment LP cut its position in shares of Vital Farms, Inc. (NASDAQ:VITL) by 13.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 272,782 shares of the company’s stock after selling 40,727 shares during the quarter. Trexquant Investment LP’s holdings in Vital Farms were worth $10,281,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC acquired a new position in Vital Farms during the third quarter worth about $301,000. Charles Schwab Investment Management Inc. grew its stake in shares of Vital Farms by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 253,434 shares of the company’s stock worth $8,888,000 after purchasing an additional 14,426 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Vital Farms by 6.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 39,658 shares of the company’s stock worth $1,391,000 after purchasing an additional 2,551 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in Vital Farms during the third quarter valued at approximately $302,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Vital Farms by 4.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 74,263 shares of the company’s stock worth $2,604,000 after buying an additional 3,274 shares in the last quarter. Institutional investors own 98.59% of the company’s stock.

Insider Activity

In other news, CMO Kathryn Mckeon sold 12,300 shares of Vital Farms stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $42.08, for a total transaction of $517,584.00. Following the completion of the sale, the chief marketing officer now directly owns 46,203 shares in the company, valued at $1,944,222.24. The trade was a 21.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew Ohayer sold 4,000 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $31.39, for a total value of $125,560.00. Following the completion of the transaction, the insider now owns 6,966,890 shares in the company, valued at $218,690,677.10. This represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 145,474 shares of company stock worth $5,969,700 in the last ninety days. Corporate insiders own 27.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on VITL shares. Morgan Stanley assumed coverage on Vital Farms in a report on Monday, March 24th. They issued an “overweight” rating and a $30.00 price target on the stock. 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 reiterated an “outperform” rating on shares of Vital Farms in a research report on Friday, February 28th. DA Davidson cut their price objective on Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Finally, TD Cowen raised their target price on shares of Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, Vital Farms has an average rating of “Buy” and an average target price of $42.00.

Vital Farms Trading Up 2.3 %

NASDAQ:VITL opened at $31.66 on Thursday. The stock has a market cap of $1.40 billion, a PE ratio of 28.27 and a beta of 0.95. Vital Farms, Inc. has a fifty-two week low of $23.68 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. The stock’s 50-day moving average is $34.38 and its two-hundred day moving average is $35.65.

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

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.