Vital Farms, Inc. (NASDAQ:VITL) Shares Acquired by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. grew its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL) by 16.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,193 shares of the company’s stock after purchasing an additional 8,214 shares during the period. Global Alpha Capital Management Ltd. owned 0.14% of Vital Farms worth $2,041,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VITL. Russell Investments Group Ltd. lifted its position in shares of Vital Farms by 2,006.1% in the first quarter. Russell Investments Group Ltd. now owns 148,541 shares of the company’s stock worth $3,454,000 after purchasing an additional 141,488 shares in the last quarter. SG Americas Securities LLC bought a new position in Vital Farms during the second quarter valued at approximately $2,300,000. Marshall Wace LLP raised its position in Vital Farms by 29.7% during the second quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock valued at $43,859,000 after acquiring an additional 214,839 shares in the last quarter. Emerald Advisers LLC raised its position in Vital Farms by 106.8% during the third quarter. Emerald Advisers LLC now owns 706,440 shares of the company’s stock valued at $24,775,000 after acquiring an additional 364,837 shares in the last quarter. Finally, Cetera Advisors LLC bought a new position in Vital Farms during the first quarter valued at approximately $481,000. Institutional investors own 98.59% of the company’s stock.

Insider Activity

In other news, CEO Russell Diez-Canseco sold 44,653 shares of the business’s stock in a transaction that occurred 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 owns 537,349 shares in the company, valued at $21,531,574.43. The trade was a 7.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $39.09, for a total value of $938,160.00. Following the sale, the insider now owns 7,194,777 shares of the company’s stock, valued at approximately $281,243,832.93. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders own 27.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on VITL shares. TD Cowen lowered their price target on Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, November 8th. DA Davidson raised their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Stifel Nicolaus lowered their price objective on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Finally, Jefferies Financial Group lowered their price objective on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.20.

Vital Farms Stock Up 3.4 %

VITL stock opened at $30.13 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 26.90 and a beta of 0.97. The business’s fifty day moving average price is $34.77 and its two-hundred day moving average price is $36.80. Vital Farms, Inc. has a fifty-two week low of $12.38 and a fifty-two week high of $48.41.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The company had revenue of $145.00 million for the quarter, compared to analysts’ expectations of $145.27 million. During the same quarter last year, the business earned $0.10 earnings per share. Vital Farms’s revenue was up 31.3% on a year-over-year basis. On average, equities analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

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.