Vital Farms, Inc. (NASDAQ:VITL) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in shares of Vital Farms, Inc. (NASDAQ:VITLFree 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

In other Vital Farms news, CEO Russell Diez-Canseco sold 26,505 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $11.85, for a total transaction of $314,084.25. Following the transaction, the chief executive officer now directly owns 204,725 shares in the company, valued at $2,425,991.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Vital Farms news, Chairman Matthew Ohayer sold 12,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $14.52, for a total transaction of $174,240.00. Following the transaction, the chairman now directly owns 7,710,777 shares in the company, valued at $111,960,482.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Russell Diez-Canseco sold 26,505 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $11.85, for a total transaction of $314,084.25. Following the transaction, the chief executive officer now owns 204,725 shares in the company, valued at $2,425,991.25. The disclosure for this sale can be found here. Insiders have sold a total of 143,716 shares of company stock worth $2,033,680 over the last ninety days. 30.20% of the stock is currently owned by company insiders.

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.

Get Our Latest 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.

Further Reading

Want to see what other hedge funds are holding VITL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vital Farms, Inc. (NASDAQ:VITLFree Report).

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

Receive News & Ratings for Vital Farms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vital Farms and related companies with MarketBeat.com's FREE daily email newsletter.