Foresight Group Ltd Liability Partnership Has $549,000 Stock Position in Vital Farms, Inc. (NASDAQ:VITL)

Foresight Group Ltd Liability Partnership grew its position in shares of Vital Farms, Inc. (NASDAQ:VITL) by 60.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,665 shares of the company’s stock after acquiring an additional 5,875 shares during the quarter. Foresight Group Ltd Liability Partnership’s holdings in Vital Farms were worth $549,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Ellsworth Advisors LLC acquired a new position in Vital Farms during the 3rd quarter worth approximately $635,000. nVerses Capital LLC boosted its holdings in shares of Vital Farms by 130.0% in the 3rd quarter. nVerses Capital LLC now owns 4,600 shares of the company’s stock valued at $161,000 after buying an additional 2,600 shares during the last quarter. Inspire Investing LLC acquired a new stake in shares of Vital Farms in the 3rd quarter valued at approximately $1,333,000. Kings Path Partners LLC boosted its holdings in shares of Vital Farms by 37.5% in the 3rd quarter. Kings Path Partners LLC now owns 22,140 shares of the company’s stock valued at $776,000 after buying an additional 6,040 shares during the last quarter. Finally, Clean Yield Group boosted its holdings in shares of Vital Farms by 5,415.3% in the 3rd quarter. Clean Yield Group now owns 30,224 shares of the company’s stock valued at $1,060,000 after buying an additional 29,676 shares during the last quarter. Institutional investors and hedge funds own 98.59% of the company’s stock.

Vital Farms Trading Down 1.5 %

Shares of Vital Farms stock opened at $38.31 on Wednesday. The business has a fifty day simple moving average of $34.12 and a two-hundred day simple moving average of $35.85. Vital Farms, Inc. has a 1 year low of $10.41 and a 1 year high of $48.41. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 45.07 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.50 and a quick ratio of 3.03.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.16. The firm had revenue of $147.39 million for the quarter, compared to analysts’ expectations of $138.41 million. Vital Farms had a return on equity of 22.77% and a net margin of 8.70%. The company’s quarterly revenue was up 38.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.15 EPS. Research analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current year.

Insiders Place Their Bets

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,653 shares of the stock in a transaction on Monday, October 14th. The stock was 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 owns 537,349 shares in the company, valued at $21,531,574.43. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 30.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. DA Davidson increased their price objective on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Stifel Nicolaus cut their price objective on Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a report on Friday, August 9th. Finally, TD Cowen raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Friday, August 9th. One research 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, the stock has an average rating of “Moderate Buy” and an average price target of $35.20.

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.