Inspire Investing LLC Sells 27,254 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Inspire Investing LLC decreased its stake in shares of Vital Farms, Inc. (NASDAQ:VITL) by 71.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,752 shares of the company’s stock after selling 27,254 shares during the period. Inspire Investing LLC’s holdings in Vital Farms were worth $405,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on VITL. DA Davidson raised their target price 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. TD Cowen boosted their target price on shares of Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Craig Hallum assumed coverage on shares of Vital Farms in a report on Friday, December 20th. They issued a “buy” rating and a $50.00 price target for the company. Jefferies Financial Group reduced their price objective on Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Finally, Stifel Nicolaus raised their price objective on Vital Farms from $34.00 to $44.00 and gave the company a “hold” rating in a research note on Friday. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.33.

Insider Transactions at Vital Farms

In other Vital Farms news, CMO Kathryn Mckeon sold 12,300 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $42.08, for a total value of $517,584.00. Following the transaction, the chief marketing officer now directly owns 46,203 shares in the company, valued at $1,944,222.24. This represents a 21.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.19, for a total transaction of $1,036,560.00. Following the sale, the insider now directly owns 7,014,890 shares of the company’s stock, valued at $302,973,099.10. This represents a 0.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 190,202 shares of company stock worth $7,855,957. 27.60% of the stock is currently owned by insiders.

Vital Farms Stock Down 4.4 %

Shares of NASDAQ VITL opened at $43.14 on Friday. Vital Farms, Inc. has a 1 year low of $14.37 and a 1 year high of $48.41. The firm has a 50-day simple moving average of $37.63 and a two-hundred day simple moving average of $35.79. The company has a market cap of $1.89 billion, a P/E ratio of 38.52 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings results 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 return on equity of 22.29% and a net margin of 8.68%. The firm had revenue of $145.00 million for the quarter, compared to the consensus estimate of $145.27 million. During the same period in the prior year, the business posted $0.10 earnings per share. The company’s revenue for the quarter was up 31.3% on a year-over-year basis. Research analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

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.