Ellsworth Advisors LLC bought a new stake in Vital Farms, Inc. (NASDAQ:VITL – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,101 shares of the company’s stock, valued at approximately $635,000.
A number of other institutional investors and hedge funds also recently modified their holdings of VITL. Lord Abbett & CO. LLC boosted its stake in Vital Farms by 116.1% in the first quarter. Lord Abbett & CO. LLC now owns 862,644 shares of the company’s stock valued at $20,056,000 after acquiring an additional 463,471 shares during the last quarter. Millennium Management LLC lifted its stake in Vital Farms by 651.3% in the second quarter. Millennium Management LLC now owns 494,153 shares of the company’s stock valued at $23,112,000 after purchasing an additional 428,382 shares during the last quarter. Emerald Advisers LLC bought a new position in Vital Farms during the second quarter valued at $15,977,000. Renaissance Technologies LLC grew its holdings in Vital Farms by 73.0% during the second quarter. Renaissance Technologies LLC now owns 784,153 shares of the company’s stock valued at $36,675,000 after purchasing an additional 331,000 shares during the period. Finally, Acadian Asset Management LLC increased its position in Vital Farms by 73.6% in the second quarter. Acadian Asset Management LLC now owns 679,504 shares of the company’s stock worth $31,766,000 after buying an additional 288,039 shares during the last quarter. 98.59% of the stock is owned by hedge funds and other institutional investors.
Vital Farms Stock Up 0.2 %
Shares of NASDAQ VITL opened at $40.35 on Friday. The company has a quick ratio of 3.03, a current ratio of 3.50 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.70 billion, a P/E ratio of 47.47 and a beta of 0.97. Vital Farms, Inc. has a 52 week low of $10.41 and a 52 week high of $48.41. The business has a 50-day simple moving average of $33.81 and a two-hundred day simple moving average of $35.49.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Stifel Nicolaus dropped their price target on Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. TD Cowen upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Friday, August 9th. Finally, DA Davidson boosted their price target on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.20.
Get Our Latest Analysis on Vital Farms
Insider Activity
In related news, CEO Russell Diez-Canseco sold 44,653 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 537,349 shares of the company’s stock, valued at $21,531,574.43. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 30.20% 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.
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