Algert Global LLC Reduces Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Algert Global LLC lessened its position in shares of Vital Farms, Inc. (NASDAQ:VITL) by 17.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 147,158 shares of the company’s stock after selling 30,334 shares during the quarter. Algert Global LLC owned about 0.34% of Vital Farms worth $5,161,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its position in Vital Farms by 8.6% in the second quarter. Van ECK Associates Corp now owns 4,095 shares of the company’s stock valued at $192,000 after buying an additional 323 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Vital Farms by 4.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 7,857 shares of the company’s stock worth $276,000 after acquiring an additional 329 shares during the last quarter. Lifestyle Asset Management Inc. lifted its holdings in shares of Vital Farms by 6.5% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 9,846 shares of the company’s stock worth $345,000 after acquiring an additional 598 shares during the last quarter. CWM LLC boosted its position in shares of Vital Farms by 162.9% during the 2nd quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $49,000 after purchasing an additional 655 shares during the period. Finally, nVerses Capital LLC increased its holdings in Vital Farms by 66.7% in the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock valued at $94,000 after purchasing an additional 800 shares during the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on VITL. Stifel Nicolaus decreased their price target on Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Jefferies Financial Group decreased their target price on Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. TD Cowen lowered their target price on Vital Farms from $46.00 to $41.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, DA Davidson boosted 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 equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Vital Farms presently has a consensus rating of “Moderate Buy” and an average target price of $39.20.

Insider Buying and Selling

In related news, CEO Russell Diez-Canseco sold 44,653 shares of Vital Farms stock in a transaction 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 sale, the chief executive officer now directly owns 537,349 shares in the company, valued at $21,531,574.43. This trade represents a 7.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of the company’s 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 completion of the sale, the insider now directly owns 7,194,777 shares of the company’s stock, valued at approximately $281,243,832.93. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 27.60% of the company’s stock.

Vital Farms Trading Down 1.9 %

VITL opened at $30.44 on Monday. 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 has a market capitalization of $1.33 billion, a price-to-earnings ratio of 27.18 and a beta of 0.97. The business has a fifty day moving average price of $34.74 and a 200 day moving average price of $36.83. Vital Farms, Inc. has a 12 month low of $12.44 and a 12 month high of $48.41.

Vital Farms (NASDAQ:VITL) last released its earnings results on Thursday, November 7th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The firm had revenue of $145.00 million for the quarter, compared to analyst estimates of $145.27 million. During the same period in the prior year, the firm earned $0.10 earnings per share. The business’s quarterly revenue was up 31.3% compared to the same quarter last year. Sell-side 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.