Quantbot Technologies LP Sells 37,614 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Quantbot Technologies LP trimmed its position in Vital Farms, Inc. (NASDAQ:VITL) by 68.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,500 shares of the company’s stock after selling 37,614 shares during the period. Quantbot Technologies LP’s holdings in Vital Farms were worth $660,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in VITL. Brown Brothers Harriman & Co. purchased a new position in shares of Vital Farms during the third quarter worth about $35,000. US Bancorp DE lifted its position in 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 purchasing an additional 872 shares during the last quarter. Mendota Financial Group LLC bought a new stake in Vital Farms during the fourth quarter valued at approximately $62,000. Principal Securities Inc. increased its holdings in shares of Vital Farms by 29.4% in the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company’s stock worth $63,000 after buying an additional 380 shares during the last quarter. Finally, Rothschild Investment LLC increased its holdings in shares of Vital Farms by 191.2% in the 4th quarter. Rothschild Investment LLC now owns 1,814 shares of the company’s stock worth $68,000 after buying an additional 1,191 shares during the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Joanne Bal sold 28,246 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $45.10, for a total value of $1,273,894.60. Following the completion of the sale, the insider now owns 59,371 shares of the company’s stock, valued at $2,677,632.10. This trade represents a 32.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Matthew Ohayer sold 4,000 shares of Vital Farms stock in a transaction on Monday, March 24th. The shares were sold at an average price of $31.39, for a total transaction of $125,560.00. Following the completion of the sale, the insider now owns 6,966,890 shares in the company, valued at approximately $218,690,677.10. This trade represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 145,474 shares of company stock valued at $5,969,700 over the last ninety days. 27.60% of the stock is owned by insiders.

Vital Farms Stock Performance

NASDAQ:VITL opened at $30.27 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. Vital Farms, Inc. has a fifty-two week low of $23.04 and a fifty-two week high of $48.41. The firm has a market cap of $1.34 billion, a PE ratio of 27.03 and a beta of 0.95. The business has a 50 day moving average price of $35.49 and a 200-day moving average price of $35.63.

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

Wall Street Analyst Weigh In

VITL has been the subject of a number of research analyst reports. 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 report on Wednesday, January 8th. DA Davidson reduced their price objective on Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Stifel Nicolaus raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Friday, February 28th. 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 for the company. Finally, William Blair restated an “outperform” rating on shares of Vital Farms in a report on Friday, February 28th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vital Farms presently has a consensus rating of “Buy” and a consensus price target of $42.00.

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.