Bank of New York Mellon Corp reduced its position in shares of Vital Farms, Inc. (NASDAQ:VITL – Free Report) by 1.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 156,413 shares of the company’s stock after selling 2,168 shares during the period. Bank of New York Mellon Corp’s holdings in Vital Farms were worth $1,811,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Vital Farms by 7.9% in the second quarter. BlackRock Inc. now owns 3,561,445 shares of the company’s stock valued at $42,702,000 after acquiring an additional 261,295 shares during the last quarter. Alliancebernstein L.P. increased its stake in Vital Farms by 3.6% in the second quarter. Alliancebernstein L.P. now owns 2,569,484 shares of the company’s stock valued at $30,808,000 after purchasing an additional 89,772 shares during the period. Vanguard Group Inc. increased its stake in Vital Farms by 35.1% in the third quarter. Vanguard Group Inc. now owns 2,019,592 shares of the company’s stock valued at $24,174,000 after purchasing an additional 524,679 shares during the period. Bank of America Corp DE increased its stake 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 purchasing an additional 162,786 shares during the period. Finally, William Blair Investment Management LLC increased its stake in Vital Farms by 18.3% in 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 Trading Down 0.5 %
Shares of Vital Farms stock opened at $14.87 on Wednesday. Vital Farms, Inc. has a 52-week low of $10.00 and a 52-week high of $17.30. The company has a quick ratio of 2.62, a current ratio of 3.34 and a debt-to-equity ratio of 0.06. The company’s 50-day simple moving average is $14.88 and its 200-day simple moving average is $12.76. The firm has a market cap of $618.59 million, a price-to-earnings ratio of 33.05 and a beta of 0.75.
Insider Transactions at Vital Farms
Analyst Upgrades and Downgrades
VITL has been the topic of a number of recent research reports. DA Davidson initiated coverage on shares of Vital Farms in a research note on Friday, December 8th. They issued a “buy” rating and a $21.00 price objective on the stock. Morgan Stanley dropped their price objective on shares of Vital Farms from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, November 3rd. Finally, Stifel Nicolaus lifted their price objective on shares of Vital Farms from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.86.
Vital Farms Company Profile
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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