Wrapmanager Inc. Trims Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Wrapmanager Inc. cut its position in shares of Vital Farms, Inc. (NASDAQ:VITL) by 14.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,563 shares of the company’s stock after selling 3,294 shares during the quarter. Wrapmanager Inc.’s holdings in Vital Farms were worth $307,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of VITL. William Blair Investment Management LLC grew its stake in Vital Farms by 25.1% in the 3rd quarter. William Blair Investment Management LLC now owns 2,062,551 shares of the company’s stock worth $23,884,000 after acquiring an additional 413,475 shares during the period. Lord Abbett & CO. LLC lifted its position in Vital Farms by 14.3% during the third quarter. Lord Abbett & CO. LLC now owns 572,382 shares of the company’s stock worth $6,628,000 after buying an additional 71,435 shares during the period. Schroder Investment Management Group boosted its stake in Vital Farms by 79.3% in the 3rd quarter. Schroder Investment Management Group now owns 524,598 shares of the company’s stock worth $6,075,000 after buying an additional 231,985 shares during the last quarter. Algert Global LLC grew its holdings in Vital Farms by 84.1% in the 3rd quarter. Algert Global LLC now owns 317,936 shares of the company’s stock valued at $3,682,000 after buying an additional 145,236 shares during the period. Finally, GSA Capital Partners LLP increased its stake in shares of Vital Farms by 725.5% during the 3rd quarter. GSA Capital Partners LLP now owns 250,953 shares of the company’s stock valued at $2,906,000 after acquiring an additional 220,552 shares during the last quarter. Institutional investors and hedge funds own 98.59% of the company’s stock.

Insider Buying and Selling

In other Vital Farms news, CEO Russell Diez-Canseco sold 36,948 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $25.07, for a total transaction of $926,286.36. Following the completion of the sale, the chief executive officer now owns 368,753 shares in the company, valued at $9,244,637.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Russell Diez-Canseco sold 36,948 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $25.07, for a total transaction of $926,286.36. Following the completion of the transaction, the chief executive officer now owns 368,753 shares in the company, valued at approximately $9,244,637.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Matthew Ohayer sold 16,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $22.95, for a total transaction of $367,200.00. Following the transaction, the chairman now directly owns 7,466,777 shares of the company’s stock, valued at approximately $171,362,532.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 260,125 shares of company stock worth $5,580,996. Corporate insiders own 30.20% of the company’s stock.

Analyst Upgrades and Downgrades

VITL has been the topic of several research analyst reports. William Blair began coverage on shares of Vital Farms in a research report on Wednesday, April 10th. They issued an “outperform” rating on the stock. Lake Street Capital lifted their target price on Vital Farms from $26.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Stifel Nicolaus upped their price target on Vital Farms from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, TheStreet upgraded Vital Farms from a “c” rating to a “b-” rating in a report on Monday, March 18th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vital Farms has an average rating of “Moderate Buy” and an average price target of $23.00.

Vital Farms Stock Up 26.9 %

Shares of NASDAQ VITL traded up $8.06 during trading on Thursday, reaching $37.97. 4,000,743 shares of the stock were exchanged, compared to its average volume of 466,299. The business’s 50-day moving average price is $24.38 and its 200 day moving average price is $17.78. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 65.47 and a beta of 0.79. Vital Farms, Inc. has a twelve month low of $10.00 and a twelve month high of $39.25. The company has a quick ratio of 2.49, a current ratio of 3.00 and a debt-to-equity ratio of 0.05.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $135.81 million during the quarter, compared to analyst estimates of $131.10 million. Vital Farms had a return on equity of 14.22% and a net margin of 5.42%. During the same quarter last year, the firm earned $0.04 EPS. As a group, equities analysts forecast that Vital Farms, Inc. will post 0.77 EPS for the current fiscal year.

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.