AWM Investment Company Inc. Has $9.13 Million Stock Position in Vital Farms, Inc. (NASDAQ:VITL)

AWM Investment Company Inc. cut its holdings in Vital Farms, Inc. (NASDAQ:VITL) by 12.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 242,249 shares of the company’s stock after selling 33,168 shares during the quarter. AWM Investment Company Inc. owned 0.55% of Vital Farms worth $9,130,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC increased its stake in shares of Vital Farms by 152.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock valued at $35,000 after acquiring an additional 540 shares in the last quarter. US Bancorp DE grew its holdings in Vital Farms by 160.3% in the fourth quarter. US Bancorp DE now owns 1,416 shares of the company’s stock worth $53,000 after purchasing an additional 872 shares during the period. Frazier Financial Advisors LLC bought a new stake in Vital Farms in the fourth quarter valued at $59,000. Principal Securities Inc. raised its holdings in shares of Vital Farms by 29.4% during the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company’s stock valued at $63,000 after purchasing an additional 380 shares during the period. Finally, Rothschild Investment LLC boosted its position in shares of Vital Farms by 191.2% during the 4th quarter. Rothschild Investment LLC now owns 1,814 shares of the company’s stock worth $68,000 after purchasing an additional 1,191 shares in the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.

Vital Farms Trading Down 3.6%

NASDAQ VITL opened at $34.70 on Wednesday. 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 business has a fifty day simple moving average of $32.98 and a 200 day simple moving average of $35.03. Vital Farms, Inc. has a 12 month low of $27.91 and a 12 month high of $48.41. The firm has a market capitalization of $1.55 billion, a P/E ratio of 30.98 and a beta of 0.94.

Vital Farms (NASDAQ:VITL) last announced its earnings results on Thursday, May 8th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.26 by $0.11. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The company had revenue of $162.19 million during the quarter, compared to the consensus estimate of $164.43 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VITL has been the subject of a number of research analyst reports. Stifel Nicolaus raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Friday, February 28th. BMO Capital Markets upgraded Vital Farms to a “strong-buy” rating in a report on Tuesday, May 6th. DA Davidson lowered their target price on Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Telsey Advisory Group reissued an “outperform” rating and issued a $52.00 price target on shares of Vital Farms in a research report on Monday, May 5th. Finally, Morgan Stanley decreased their price target on shares of Vital Farms from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $44.63.

Insiders Place Their Bets

In other Vital Farms news, insider Matthew Ohayer sold 20,000 shares of Vital Farms stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $29.46, for a total value of $589,200.00. Following the sale, the insider now owns 6,970,890 shares of the company’s stock, valued at approximately $205,362,419.40. The trade was a 0.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Russell Diez-Canseco sold 45,124 shares of the business’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $33.69, for a total transaction of $1,520,227.56. Following the completion of the transaction, the chief executive officer now owns 703,736 shares in the company, valued at approximately $23,708,865.84. The trade was a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 93,124 shares of company stock valued at $3,019,308 in the last 90 days. 27.60% of the stock is currently owned by corporate insiders.

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.