CWC Advisors LLC. Buys Shares of 6,841 Vital Farms, Inc. (NASDAQ:VITL)

CWC Advisors LLC. bought a new stake in Vital Farms, Inc. (NASDAQ:VITL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,841 shares of the company’s stock, valued at approximately $240,000.

Several other institutional investors also recently bought and sold shares of VITL. Dakota Wealth Management acquired a new stake in shares of Vital Farms during the third quarter worth $200,000. Foresight Group Ltd Liability Partnership lifted its stake in shares of Vital Farms by 60.0% during the third quarter. Foresight Group Ltd Liability Partnership now owns 15,665 shares of the company’s stock worth $549,000 after buying an additional 5,875 shares during the period. Ellsworth Advisors LLC acquired a new stake in shares of Vital Farms during the third quarter worth $635,000. nVerses Capital LLC lifted its stake in shares of Vital Farms by 130.0% during the third quarter. nVerses Capital LLC now owns 4,600 shares of the company’s stock worth $161,000 after buying an additional 2,600 shares during the period. Finally, Inspire Investing LLC acquired a new stake in shares of Vital Farms during the third quarter worth $1,333,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Vital Farms Stock Up 1.7 %

VITL stock opened at $35.37 on Friday. The stock has a market capitalization of $1.49 billion, a P/E ratio of 41.61 and a beta of 0.97. The firm has a 50-day simple moving average of $34.38 and a 200-day simple moving average of $35.91. The company has a quick ratio of 3.03, a current ratio of 3.50 and a debt-to-equity ratio of 0.04. Vital Farms, Inc. has a 52 week low of $10.65 and a 52 week high of $48.41.

Vital Farms (NASDAQ:VITL) last posted its earnings results on Thursday, August 8th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.16. Vital Farms had a net margin of 8.70% and a return on equity of 22.77%. The company had revenue of $147.39 million for the quarter, compared to analyst estimates of $138.41 million. During the same period in the previous year, the business posted $0.15 EPS. Vital Farms’s revenue was up 38.5% on a year-over-year basis. Equities analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,653 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 537,349 shares of the company’s stock, valued at $21,531,574.43. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $39.09, for a total transaction of $938,160.00. Following the sale, the insider now owns 7,194,777 shares in the company, valued at $281,243,832.93. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Russell Diez-Canseco sold 44,653 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $40.07, for a total value of $1,789,245.71. Following the sale, the chief executive officer now owns 537,349 shares in the company, valued at approximately $21,531,574.43. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 30.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on VITL shares. DA Davidson lifted 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 reduced their target price on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a report on Friday, August 9th. Finally, TD Cowen raised shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Vital Farms presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.20.

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.