Walleye Capital LLC Increases Stock Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Walleye Capital LLC raised its stake in Vital Farms, Inc. (NASDAQ:VITLGet Rating) by 76.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,798 shares of the company’s stock after buying an additional 7,718 shares during the quarter. Walleye Capital LLC’s holdings in Vital Farms were worth $156,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Vital Farms by 0.7% during the first quarter. BlackRock Inc. now owns 2,932,077 shares of the company’s stock worth $36,238,000 after purchasing an additional 21,215 shares in the last quarter. Bank of America Corp DE raised its holdings in Vital Farms by 10.3% in the first quarter. Bank of America Corp DE now owns 1,741,262 shares of the company’s stock valued at $21,522,000 after acquiring an additional 162,786 shares in the last quarter. Cooper Creek Partners Management LLC raised its holdings in Vital Farms by 6.9% in the first quarter. Cooper Creek Partners Management LLC now owns 978,314 shares of the company’s stock valued at $12,092,000 after acquiring an additional 63,375 shares in the last quarter. Principal Financial Group Inc. increased its stake in Vital Farms by 8.4% in the first quarter. Principal Financial Group Inc. now owns 905,454 shares of the company’s stock valued at $11,192,000 after purchasing an additional 69,896 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in Vital Farms by 15.4% in the first quarter. Federated Hermes Inc. now owns 888,359 shares of the company’s stock valued at $10,980,000 after purchasing an additional 118,359 shares during the last quarter. Institutional investors and hedge funds own 63.49% of the company’s stock.

Analyst Upgrades and Downgrades

VITL has been the topic of a number of research reports. The Goldman Sachs Group raised their target price on shares of Vital Farms from $13.00 to $14.50 and gave the stock a “neutral” rating in a research report on Monday, November 14th. UBS Group started coverage on shares of Vital Farms in a research report on Friday, September 30th. They issued a “buy” rating and a $16.00 price objective on the stock. Finally, Morgan Stanley raised their target price on Vital Farms from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, November 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.60.

Vital Farms Stock Down 1.0 %

NASDAQ:VITL opened at $13.94 on Friday. The company has a market capitalization of $567.78 million, a PE ratio of -126.73 and a beta of 0.69. The stock has a fifty day simple moving average of $12.67 and a 200-day simple moving average of $11.51. Vital Farms, Inc. has a 52-week low of $7.89 and a 52-week high of $19.94.

About Vital Farms

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Vital Farms, Inc, an ethical food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, ghee, liquid whole eggs, and egg bite products. Vital Farms, Inc was founded in 2007 and is headquartered in Austin, Texas.

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Institutional Ownership by Quarter for Vital Farms (NASDAQ:VITL)

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