Skandinaviska Enskilda Banken AB publ Has $2.40 Million Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Skandinaviska Enskilda Banken AB publ trimmed its position in shares of Vital Farms, Inc. (NASDAQ:VITL) by 50.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 64,600 shares of the company’s stock after selling 65,400 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Vital Farms were worth $2,401,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in Vital Farms by 78.7% in the fourth quarter. Principal Financial Group Inc. now owns 1,171,950 shares of the company’s stock valued at $44,172,000 after acquiring an additional 516,139 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Vital Farms by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 749,659 shares of the company’s stock valued at $26,296,000 after purchasing an additional 31,187 shares in the last quarter. Jupiter Asset Management Ltd. lifted its stake in shares of Vital Farms by 96.3% in the 4th quarter. Jupiter Asset Management Ltd. now owns 628,709 shares of the company’s stock valued at $23,696,000 after purchasing an additional 308,425 shares during the last quarter. Wellington Management Group LLP bought a new stake in Vital Farms in the third quarter worth $16,464,000. Finally, Needham Investment Management LLC increased its position in Vital Farms by 7.2% during the third quarter. Needham Investment Management LLC now owns 447,500 shares of the company’s stock worth $15,694,000 after buying an additional 30,000 shares during the last quarter. Institutional investors own 98.59% of the company’s stock.

Insider Activity at Vital Farms

In related news, CMO Kathryn Mckeon sold 12,300 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $42.08, for a total transaction of $517,584.00. Following the transaction, the chief marketing officer now directly owns 46,203 shares in the company, valued at $1,944,222.24. The trade was a 21.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $38.19, for a total value of $916,560.00. Following the transaction, the insider now owns 7,038,890 shares in the company, valued at $268,815,209.10. This represents a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 145,474 shares of company stock worth $6,171,500 over the last three months. Company insiders own 27.60% of the company’s stock.

Vital Farms Trading Up 5.5 %

Vital Farms stock opened at $30.94 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. The business’s 50-day simple moving average is $37.28 and its 200-day simple moving average is $35.70. The firm has a market capitalization of $1.37 billion, a PE ratio of 27.63 and a beta of 0.95. Vital Farms, Inc. has a 52 week low of $21.30 and a 52 week high of $48.41.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $165.99 million for the quarter, compared to analyst estimates of $160.32 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. Equities research analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on VITL shares. TD Cowen raised their target price on Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Stifel Nicolaus upgraded Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Friday, February 28th. Craig Hallum started 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. Telsey Advisory Group restated an “outperform” rating and set a $52.00 target price on shares of Vital Farms in a report on Thursday. Finally, DA Davidson cut their target price on Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Friday. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vital Farms presently has a consensus rating of “Buy” and an average target price of $43.71.

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.