Foresight Group Ltd Liability Partnership Buys 2,621 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Foresight Group Ltd Liability Partnership raised its stake in Vital Farms, Inc. (NASDAQ:VITL) by 16.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,286 shares of the company’s stock after acquiring an additional 2,621 shares during the period. Foresight Group Ltd Liability Partnership’s holdings in Vital Farms were worth $679,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Brown Brothers Harriman & Co. bought a new stake in shares of Vital Farms in the 3rd quarter worth about $35,000. Quarry LP grew its stake in Vital Farms by 180.4% during the second quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after buying an additional 830 shares during the last quarter. Mendota Financial Group LLC acquired a new position in shares of Vital Farms in the 4th quarter worth approximately $62,000. nVerses Capital LLC grew its holdings in shares of Vital Farms by 130.0% during the third quarter. nVerses Capital LLC now owns 4,600 shares of the company’s stock worth $161,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Vital Farms during the second quarter worth approximately $168,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Vital Farms Price Performance

Shares of VITL opened at $43.14 on Friday. The stock has a market cap of $1.89 billion, a P/E ratio of 38.52 and a beta of 0.88. Vital Farms, Inc. has a 1 year low of $14.16 and a 1 year high of $48.41. The stock’s 50-day moving average price is $35.77 and its two-hundred day moving average price is $35.88. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The business had revenue of $145.00 million for the quarter, compared to analyst estimates of $145.27 million. During the same quarter last year, the firm earned $0.10 EPS. Vital Farms’s quarterly revenue was up 31.3% compared to the same quarter last year. On average, equities analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Insider Buying and Selling

In other Vital Farms news, CMO Kathryn Mckeon sold 12,300 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $42.08, for a total transaction of $517,584.00. Following the completion of the transaction, the chief marketing officer now owns 46,203 shares in the company, valued at approximately $1,944,222.24. This represents a 21.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Russell Diez-Canseco sold 44,728 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $37.66, for a total value of $1,684,456.48. Following the completion of the sale, the chief executive officer now owns 613,797 shares in the company, valued at approximately $23,115,595.02. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 149,656 shares of company stock valued at $5,941,847. 27.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VITL. DA Davidson boosted their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Jefferies Financial Group dropped their price objective on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a report on Monday, November 11th. Craig Hallum assumed coverage on shares of Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 target price on the stock. Finally, TD Cowen boosted their price target on shares of Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $41.67.

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