Navellier & Associates Inc. Has $2.09 Million Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Navellier & Associates Inc. trimmed its stake in shares of Vital Farms, Inc. (NASDAQ:VITL) by 3.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 59,683 shares of the company’s stock after selling 2,213 shares during the quarter. Navellier & Associates Inc. owned about 0.14% of Vital Farms worth $2,093,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Russell Investments Group Ltd. lifted its stake in Vital Farms by 2,006.1% during 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 during the last quarter. Blair William & Co. IL bought a new position in Vital Farms in the 1st quarter valued at approximately $333,000. Vanguard Group Inc. boosted its position in 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 buying an additional 152,743 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Vital Farms during the first quarter worth $264,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Vital Farms during the first quarter worth $210,000. Institutional investors and hedge funds own 98.59% of the company’s stock.

Insider Buying and Selling

In related news, CEO Russell Diez-Canseco sold 44,653 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were 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 owns 537,349 shares of the company’s stock, valued at approximately $21,531,574.43. This trade represents a 7.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction on Monday, October 21st. The stock was 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 $281,243,832.93. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. 27.60% of the stock is owned by insiders.

Vital Farms Stock Performance

Shares of Vital Farms stock opened at $30.13 on Thursday. The business has a 50-day moving average price of $34.75 and a two-hundred day moving average price of $36.75. Vital Farms, Inc. has a 1-year low of $12.38 and a 1-year high of $48.41. 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 company has a market cap of $1.32 billion, a P/E ratio of 26.90 and a beta of 0.97.

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

Wall Street Analysts Forecast Growth

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

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.