Prime Capital Investment Advisors LLC Reduces Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Prime Capital Investment Advisors LLC lessened its holdings in Vital Farms, Inc. (NASDAQ:VITL) by 8.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,566 shares of the company’s stock after selling 906 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Vital Farms were worth $335,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Russell Investments Group Ltd. lifted its stake in Vital Farms by 2,006.1% in the 1st quarter. Russell Investments Group Ltd. now owns 148,541 shares of the company’s stock valued at $3,454,000 after buying an additional 141,488 shares in the last quarter. Blair William & Co. IL acquired a new position in shares of Vital Farms in the first quarter worth $333,000. Vanguard Group Inc. lifted its position in shares of Vital Farms by 9.3% in the first quarter. Vanguard Group Inc. now owns 1,801,952 shares of the company’s stock valued at $41,895,000 after acquiring an additional 152,743 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Vital Farms during the first quarter valued at $264,000. Finally, Quadrature Capital Ltd purchased a new stake in Vital Farms during the 1st quarter worth about $210,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on VITL. Jefferies Financial Group reduced their target price on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, November 11th. DA Davidson raised their target price 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. Stifel Nicolaus cut their price target on Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a report on Friday, August 9th. Finally, TD Cowen decreased their price objective on Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.20.

Vital Farms Price Performance

Vital Farms stock opened at $28.13 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 25.12 and a beta of 0.97. Vital Farms, Inc. has a 1 year low of $12.23 and a 1 year high of $48.41. The firm has a 50 day moving average price of $34.82 and a 200 day moving average price of $36.71.

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

Insider Activity

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,653 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $40.07, for a total value of $1,789,245.71. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $39.09, for a total value of $938,160.00. Following the completion of the sale, the insider now directly owns 7,194,777 shares of the company’s stock, valued at $281,243,832.93. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 27.60% of the company’s stock.

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.