Quarry LP Buys 1,124 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Quarry LP lifted its stake in Vital Farms, Inc. (NASDAQ:VITL) by 87.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,414 shares of the company’s stock after purchasing an additional 1,124 shares during the quarter. Quarry LP’s holdings in Vital Farms were worth $85,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Marshall Wace LLP raised its position in Vital Farms by 29.7% in the 2nd quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock worth $43,859,000 after purchasing an additional 214,839 shares during the period. Renaissance Technologies LLC grew its stake in shares of Vital Farms by 73.0% during the second quarter. Renaissance Technologies LLC now owns 784,153 shares of the company’s stock valued at $36,675,000 after buying an additional 331,000 shares during the last quarter. Emerald Advisers LLC raised its holdings in shares of Vital Farms by 106.8% in the third quarter. Emerald Advisers LLC now owns 706,440 shares of the company’s stock worth $24,775,000 after buying an additional 364,837 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Vital Farms by 73.6% during the 2nd quarter. Acadian Asset Management LLC now owns 679,504 shares of the company’s stock worth $31,766,000 after acquiring an additional 288,039 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Vital Farms by 35.6% during the 3rd quarter. Principal Financial Group Inc. now owns 655,811 shares of the company’s stock valued at $22,999,000 after acquiring an additional 172,249 shares during the period. Institutional investors own 98.59% of the company’s stock.

Vital Farms Stock Up 2.8 %

Shares of Vital Farms stock opened at $35.44 on Monday. Vital Farms, Inc. has a 1 year low of $14.09 and a 1 year high of $48.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 31.64 and a beta of 0.93. The firm’s 50-day moving average is $34.68 and its two-hundred day moving average is $36.52.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $145.00 million for the quarter, compared to analyst estimates of $145.27 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. Vital Farms’s revenue was up 31.3% compared to the same quarter last year. During the same period last year, the company posted $0.10 earnings per share. As a group, research analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $39.09, for a total value of $938,160.00. Following the completion of the transaction, the insider now directly owns 7,194,777 shares in the company, valued at approximately $281,243,832.93. The trade was a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Russell Diez-Canseco sold 44,653 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the completion of the sale, the chief executive officer now owns 537,349 shares in the company, valued at $21,531,574.43. This represents a 7.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 27.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on VITL shares. Jefferies Financial Group decreased their target price on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, November 11th. DA Davidson lifted their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, TD Cowen dropped their target price on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.20.

About Vital Farms

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.