Vital Farms, Inc. (NASDAQ:VITL) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL) by 417.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,431,024 shares of the company’s stock after buying an additional 1,961,550 shares during the quarter. Wellington Management Group LLP owned 0.06% of Vital Farms worth $91,625,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. CIBC Private Wealth Group LLC increased its stake in Vital Farms by 152.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock valued at $35,000 after buying an additional 540 shares during the period. US Bancorp DE increased its stake in shares of Vital Farms by 160.3% during the fourth quarter. US Bancorp DE now owns 1,416 shares of the company’s stock valued at $53,000 after acquiring an additional 872 shares during the period. Frazier Financial Advisors LLC acquired a new position in shares of Vital Farms during the fourth quarter valued at approximately $59,000. Mendota Financial Group LLC bought a new stake in Vital Farms during the fourth quarter worth approximately $62,000. Finally, Principal Securities Inc. lifted its position in Vital Farms by 29.4% in the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company’s stock worth $63,000 after purchasing an additional 380 shares during the period. 98.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,628 shares of Vital Farms stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $42.24, for a total transaction of $1,885,086.72. Following the transaction, the chief executive officer now owns 668,202 shares of the company’s stock, valued at $28,224,852.48. The trade was a 6.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CMO Kathryn Mckeon sold 12,300 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $42.08, for a total transaction of $517,584.00. Following the completion of the sale, the chief marketing officer now directly owns 46,203 shares of the company’s stock, valued at $1,944,222.24. This trade represents a 21.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 145,474 shares of company stock valued at $5,969,700 in the last three months. 27.60% of the stock is currently owned by company insiders.

Vital Farms Trading Down 0.5 %

Shares of VITL opened at $32.23 on Friday. The business’s 50-day moving average price is $33.90 and its 200 day moving average price is $35.63. 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 capitalization of $1.43 billion, a P/E ratio of 28.78 and a beta of 0.96. Vital Farms, Inc. has a 1-year low of $24.12 and a 1-year high of $48.41.

Vital Farms (NASDAQ:VITL) last released its earnings results on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.08. The business had revenue of $165.99 million for the quarter, compared to the consensus estimate of $160.32 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. Analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Stifel Nicolaus upgraded Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Friday, February 28th. Craig Hallum began coverage on Vital Farms in a report on Friday, December 20th. They set a “buy” rating and a $50.00 target price on the stock. Morgan Stanley initiated coverage on shares of Vital Farms in a report on Monday, March 24th. They issued an “overweight” rating and a $30.00 price target for the company. TD Cowen lifted their price objective on shares of Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $52.00 target price on shares of Vital Farms in a report on Thursday, March 13th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $42.00.

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.