Janney Montgomery Scott LLC Reduces Stock Position in Vital Farms, Inc. (NASDAQ:VITL)

Janney Montgomery Scott LLC reduced its position in shares of Vital Farms, Inc. (NASDAQ:VITLFree Report) by 12.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 62,035 shares of the company’s stock after selling 8,870 shares during the period. Janney Montgomery Scott LLC’s holdings in Vital Farms were worth $973,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of VITL. William Blair Investment Management LLC raised its stake in Vital Farms by 25.1% in the third quarter. William Blair Investment Management LLC now owns 2,062,551 shares of the company’s stock worth $23,884,000 after buying an additional 413,475 shares in the last quarter. Schroder Investment Management Group raised its stake in Vital Farms by 79.3% in the third quarter. Schroder Investment Management Group now owns 524,598 shares of the company’s stock worth $6,075,000 after buying an additional 231,985 shares in the last quarter. GSA Capital Partners LLP raised its stake in Vital Farms by 725.5% in the third quarter. GSA Capital Partners LLP now owns 250,953 shares of the company’s stock worth $2,906,000 after buying an additional 220,552 shares in the last quarter. Algert Global LLC raised its stake in Vital Farms by 84.1% in the third quarter. Algert Global LLC now owns 317,936 shares of the company’s stock worth $3,682,000 after buying an additional 145,236 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Vital Farms by 221.0% in the third quarter. Acadian Asset Management LLC now owns 176,608 shares of the company’s stock worth $2,043,000 after buying an additional 121,596 shares in the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Stephanie Coon sold 5,000 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $41.02, for a total transaction of $205,100.00. Following the sale, the senior vice president now owns 53,450 shares in the company, valued at $2,192,519. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, insider Joanne Bal sold 2,597 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $40.71, for a total value of $105,723.87. Following the sale, the insider now owns 59,101 shares in the company, valued at $2,406,001.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stephanie Coon sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $41.02, for a total transaction of $205,100.00. Following the completion of the sale, the senior vice president now owns 53,450 shares in the company, valued at approximately $2,192,519. The disclosure for this sale can be found here. Insiders have sold a total of 260,694 shares of company stock worth $6,397,448 over the last 90 days. 30.20% of the stock is currently owned by insiders.

Vital Farms Price Performance

Shares of NASDAQ VITL opened at $41.86 on Friday. Vital Farms, Inc. has a fifty-two week low of $10.00 and a fifty-two week high of $42.67. The company has a 50 day simple moving average of $29.84 and a two-hundred day simple moving average of $20.67. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 49.25 and a beta of 0.79. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.66 and a current ratio of 3.10.

Vital Farms (NASDAQ:VITLGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.20. Vital Farms had a net margin of 7.48% and a return on equity of 19.58%. The firm had revenue of $147.93 million for the quarter, compared to analysts’ expectations of $139.87 million. Analysts expect that Vital Farms, Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus downgraded shares of Vital Farms from a “buy” rating to a “hold” rating and increased their price target for the stock from $30.00 to $40.00 in a research note on Friday, May 10th. William Blair started coverage on shares of Vital Farms in a research note on Wednesday, April 10th. They issued an “outperform” rating for the company. TD Cowen raised their target price on shares of Vital Farms from $19.00 to $37.00 and gave the company a “hold” rating in a research note on Friday, May 10th. DA Davidson raised their target price on shares of Vital Farms from $28.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, Lake Street Capital raised their target price on shares of Vital Farms from $26.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Vital Farms presently has an average rating of “Moderate Buy” and a consensus target price of $34.40.

Check Out 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, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.

Featured Articles

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.