De Lisle Partners LLP Increases Holdings in Vital Farms, Inc. (NASDAQ:VITL)

De Lisle Partners LLP raised its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL) by 22.3% in the third quarter, HoldingsChannel reports. The firm owned 120,826 shares of the company’s stock after buying an additional 22,000 shares during the quarter. De Lisle Partners LLP’s holdings in Vital Farms were worth $4,241,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. FORA Capital LLC bought a new position in shares of Vital Farms during the third quarter valued at approximately $1,221,000. Freedom Investment Management Inc. bought a new stake in Vital Farms in the third quarter valued at $631,000. Quantbot Technologies LP increased its position in Vital Farms by 635.7% during the 3rd quarter. Quantbot Technologies LP now owns 55,114 shares of the company’s stock valued at $1,933,000 after purchasing an additional 47,623 shares during the period. D.A. Davidson & CO. bought a new position in Vital Farms in the 3rd quarter worth $302,000. Finally, The Manufacturers Life Insurance Company lifted its position 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 during the period. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Vital Farms Stock Down 0.6 %

VITL stock opened at $32.34 on Thursday. The business has a 50 day moving average of $34.75 and a 200 day moving average of $36.76. The firm has a market cap of $1.42 billion, a PE ratio of 28.88 and a beta of 0.97. Vital Farms, Inc. has a twelve month low of $12.44 and a twelve month high of $48.41. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $145.00 million during the quarter, compared to the consensus estimate of $145.27 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The company’s revenue was up 31.3% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. On average, research analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. TD Cowen reduced their price target on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group reduced their price target 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. Stifel Nicolaus lowered their price objective on Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Finally, DA Davidson upped their target price on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research report 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.20.

Insider Buying and Selling at Vital Farms

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 sale, the chief executive officer now directly owns 537,349 shares in the company, valued at approximately $21,531,574.43. This trade represents a 7.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $39.09, for a total value of $938,160.00. Following the completion of the transaction, the insider now owns 7,194,777 shares of the company’s stock, valued at $281,243,832.93. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. 27.60% of the stock is owned by company insiders.

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.