Principal Financial Group Inc. Decreases Position in Vital Farms, Inc. (NASDAQ:VITL)

Principal Financial Group Inc. lessened its holdings in Vital Farms, Inc. (NASDAQ:VITLFree Report) by 0.8% during the third quarter, HoldingsChannel.com reports. The fund owned 407,600 shares of the company’s stock after selling 3,407 shares during the quarter. Principal Financial Group Inc.’s holdings in Vital Farms were worth $4,720,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of Vital Farms by 7.9% during the second quarter. BlackRock Inc. now owns 3,561,445 shares of the company’s stock worth $42,702,000 after purchasing an additional 261,295 shares in the last quarter. Alliancebernstein L.P. lifted its position in Vital Farms by 3.6% during the 2nd quarter. Alliancebernstein L.P. now owns 2,569,484 shares of the company’s stock worth $30,808,000 after acquiring an additional 89,772 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Vital Farms by 35.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,019,592 shares of the company’s stock worth $24,174,000 after acquiring an additional 524,679 shares during the period. Bank of America Corp DE grew its position 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. Finally, William Blair Investment Management LLC raised its stake in shares of Vital Farms by 18.3% during the second quarter. William Blair Investment Management LLC now owns 1,649,076 shares of the company’s stock valued at $19,772,000 after purchasing an additional 254,636 shares during the period. 64.21% of the stock is owned by hedge funds and other institutional investors.

Vital Farms Price Performance

VITL opened at $14.87 on Wednesday. The company has a market capitalization of $618.59 million, a P/E ratio of 33.05 and a beta of 0.75. The company has a 50-day moving average of $14.88 and a 200-day moving average of $12.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.62 and a current ratio of 3.34. Vital Farms, Inc. has a 1-year low of $10.00 and a 1-year high of $17.30.

Insider Buying and Selling

In other Vital Farms news, Chairman Matthew Ohayer sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $14.36, for a total transaction of $172,320.00. Following the sale, the chairman now owns 7,698,777 shares in the company, valued at $110,554,437.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Russell Diez-Canseco sold 26,096 shares of Vital Farms stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $15.23, for a total value of $397,442.08. Following the completion of the transaction, the chief executive officer now directly owns 220,060 shares of the company’s stock, valued at approximately $3,351,513.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Matthew Ohayer sold 12,000 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $14.36, for a total transaction of $172,320.00. Following the sale, the chairman now directly owns 7,698,777 shares of the company’s stock, valued at approximately $110,554,437.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,716 shares of company stock worth $2,033,680. Corporate insiders own 30.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VITL. DA Davidson assumed coverage on shares of Vital Farms in a research note on Friday, December 8th. They issued a “buy” rating and a $21.00 target price for the company. Stifel Nicolaus raised their target price on Vital Farms from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, Morgan Stanley dropped their target price on Vital Farms from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.86.

View Our Latest Research Report on VITL

Vital Farms Company Profile

(Free Report)

Vital Farms, Inc, a food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, ghee, and liquid whole eggs. The company 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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