Values First Advisors Inc. Buys New Position in Vital Farms, Inc. (NASDAQ:VITL)

Values First Advisors Inc. purchased a new position in shares of Vital Farms, Inc. (NASDAQ:VITL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,271 shares of the company’s stock, valued at approximately $199,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VITL. Brown Brothers Harriman & Co. purchased a new stake in shares of Vital Farms during the third quarter valued at approximately $35,000. Mendota Financial Group LLC purchased a new stake in Vital Farms during the 4th quarter worth $62,000. Quarry LP lifted its holdings in Vital Farms by 87.1% in the 3rd quarter. Quarry LP now owns 2,414 shares of the company’s stock worth $85,000 after buying an additional 1,124 shares in the last quarter. nVerses Capital LLC boosted its position in Vital Farms by 130.0% in the 3rd quarter. nVerses Capital LLC now owns 4,600 shares of the company’s stock valued at $161,000 after buying an additional 2,600 shares during the last quarter. Finally, Dakota Wealth Management acquired a new stake in shares of Vital Farms during the third quarter valued at about $200,000. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Vital Farms Stock Performance

VITL stock opened at $34.93 on Thursday. The firm has a market cap of $1.53 billion, a P/E ratio of 31.19 and a beta of 0.90. The stock’s 50 day simple moving average is $39.58 and its 200 day simple moving average is $35.70. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. Vital Farms, Inc. has a 12-month low of $14.95 and a 12-month high of $48.41.

Analyst Upgrades and Downgrades

Several research analysts recently commented on VITL shares. Telsey Advisory Group started coverage on Vital Farms in a research note on Monday, January 27th. They issued an “outperform” rating and a $52.00 price target on the stock. Craig Hallum assumed coverage on Vital Farms in a research report on Friday, December 20th. They issued a “buy” rating and a $50.00 target price on the stock. TD Cowen raised their price target on shares of Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Stifel Nicolaus lifted their price target on shares of Vital Farms from $34.00 to $44.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group reduced 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 investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.57.

Insider Buying and Selling at Vital Farms

In related news, CEO Russell Diez-Canseco sold 44,728 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $37.66, for a total value of $1,684,456.48. Following the sale, the chief executive officer now owns 613,797 shares of the company’s stock, valued at approximately $23,115,595.02. This trade represents a 6.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.19, for a total value of $1,036,560.00. Following the transaction, the insider now owns 7,014,890 shares of the company’s stock, valued at $302,973,099.10. This represents a 0.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 190,202 shares of company stock worth $7,855,957 over the last 90 days. Insiders own 27.60% of the company’s stock.

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.