50,996 Shares in Vital Farms, Inc. (NASDAQ:VITL) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new stake in Vital Farms, Inc. (NASDAQ:VITL) during the third quarter, HoldingsChannel.com reports. The fund acquired 50,996 shares of the company’s stock, valued at approximately $1,788,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Needham Investment Management LLC grew its stake in shares of Vital Farms by 7.2% during the third quarter. Needham Investment Management LLC now owns 447,500 shares of the company’s stock worth $15,694,000 after purchasing an additional 30,000 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Vital Farms by 17.5% during the 3rd quarter. Janus Henderson Group PLC now owns 46,316 shares of the company’s stock worth $1,625,000 after buying an additional 6,902 shares during the last quarter. Wasatch Advisors LP acquired a new position in shares of Vital Farms during the 3rd quarter worth about $9,894,000. Verition Fund Management LLC increased its holdings in shares of Vital Farms by 50.5% in the 3rd quarter. Verition Fund Management LLC now owns 259,631 shares of the company’s stock valued at $9,105,000 after acquiring an additional 87,114 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of Vital Farms during the 3rd quarter worth about $296,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vital Farms

In related news, CEO Russell Diez-Canseco sold 44,653 shares of the stock in a transaction on Monday, October 14th. The stock was 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 directly owns 537,349 shares of the company’s stock, valued at $21,531,574.43. This trade represents a 7.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction on Monday, October 21st. The shares were sold at an average price of $39.09, for a total transaction of $938,160.00. Following the completion of the transaction, the insider now owns 7,194,777 shares in the company, valued at approximately $281,243,832.93. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 27.60% of the company’s stock.

Vital Farms Price Performance

Shares of NASDAQ VITL opened at $36.97 on Tuesday. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.62 billion, a P/E ratio of 33.01 and a beta of 0.93. The stock has a 50 day moving average of $34.72 and a two-hundred day moving average of $36.49. Vital Farms, Inc. has a twelve month low of $14.14 and a twelve month high of $48.41.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, beating 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 firm had revenue of $145.00 million during the quarter, compared to the consensus estimate of $145.27 million. During the same quarter in the prior year, the firm earned $0.10 EPS. Vital Farms’s revenue for the quarter was up 31.3% on a year-over-year basis. On average, research analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VITL shares. TD Cowen dropped their price target 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. DA Davidson increased their target price on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group reduced their price target on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $39.20.

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.