Lifestyle Asset Management Inc. Acquires 499 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Lifestyle Asset Management Inc. increased its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,345 shares of the company’s stock after purchasing an additional 499 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Vital Farms were worth $390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Nordea Investment Management AB bought a new position in Vital Farms in the fourth quarter valued at about $2,765,000. Marshall Wace LLP lifted its holdings in Vital Farms by 29.7% in the second quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock valued at $43,859,000 after acquiring an additional 214,839 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Vital Farms by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 253,434 shares of the company’s stock valued at $8,888,000 after acquiring an additional 14,426 shares during the period. JPMorgan Chase & Co. lifted its holdings in Vital Farms by 38.9% in the third quarter. JPMorgan Chase & Co. now owns 266,398 shares of the company’s stock valued at $9,343,000 after acquiring an additional 74,593 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in Vital Farms by 10.2% in the third quarter. Franklin Resources Inc. now owns 372,583 shares of the company’s stock valued at $13,066,000 after acquiring an additional 34,412 shares during the period. 98.59% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $43.19, for a total transaction of $1,036,560.00. Following the completion of the transaction, the insider now directly owns 7,014,890 shares of the company’s stock, valued at approximately $302,973,099.10. This represents a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joanne Bal sold 28,246 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $45.10, for a total value of $1,273,894.60. Following the transaction, the insider now directly owns 59,371 shares of the company’s stock, valued at approximately $2,677,632.10. The trade was a 32.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 190,202 shares of company stock worth $7,855,957. 27.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VITL. DA Davidson increased their target price on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Jefferies Financial Group reduced their price target 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. Craig Hallum initiated coverage on Vital Farms in a research report on Friday, December 20th. They issued a “buy” rating and a $50.00 price target for the company. Finally, TD Cowen upped their price target on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Vital Farms presently has an average rating of “Moderate Buy” and an average price target of $41.67.

Vital Farms Stock Performance

NASDAQ:VITL opened at $45.12 on Friday. 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, Inc. has a 12-month low of $14.37 and a 12-month high of $48.41. The stock has a 50-day moving average price of $37.33 and a 200 day moving average price of $35.88. The stock has a market capitalization of $1.98 billion, a P/E ratio of 40.29 and a beta of 0.88.

Vital Farms (NASDAQ:VITL) last released its earnings results on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The firm had revenue of $145.00 million during the quarter, compared to analysts’ expectations of $145.27 million. During the same quarter last year, the business posted $0.10 earnings per share. The firm’s revenue was up 31.3% on a year-over-year basis. Equities research analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Vital Farms 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.