GSA Capital Partners LLP Lowers Stock Position in Vital Farms, Inc. (NASDAQ:VITL)

GSA Capital Partners LLP cut its position in shares of Vital Farms, Inc. (NASDAQ:VITL) by 18.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 113,379 shares of the company’s stock after selling 25,246 shares during the quarter. Vital Farms makes up 0.3% of GSA Capital Partners LLP’s portfolio, making the stock its 11th largest holding. GSA Capital Partners LLP’s holdings in Vital Farms were worth $3,976,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in VITL. Quantbot Technologies LP purchased a new stake in Vital Farms during the first quarter worth $660,000. Inspire Investing LLC purchased a new position in Vital Farms during the first quarter valued at $1,003,000. Russell Investments Group Ltd. lifted its holdings in Vital Farms by 2,006.1% during the first quarter. Russell Investments Group Ltd. now owns 148,541 shares of the company’s stock valued at $3,454,000 after purchasing an additional 141,488 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in Vital Farms by 9.2% during the first quarter. William Blair Investment Management LLC now owns 2,650,008 shares of the company’s stock valued at $61,613,000 after purchasing an additional 224,335 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in Vital Farms by 116.1% during the first quarter. Lord Abbett & CO. LLC now owns 862,644 shares of the company’s stock valued at $20,056,000 after purchasing an additional 463,471 shares in the last quarter. 98.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on VITL shares. Jefferies Financial Group decreased their price objective on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday. TD Cowen decreased their price objective on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a report on Friday. DA Davidson increased their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, 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 research report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Vital Farms currently has an average rating of “Moderate Buy” and a consensus target price of $39.20.

Insiders Place Their Bets

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $39.09, for a total transaction of $938,160.00. Following the transaction, the insider now directly owns 7,194,777 shares of the company’s stock, valued at $281,243,832.93. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $39.09, for a total transaction of $938,160.00. Following the transaction, the insider now directly owns 7,194,777 shares of the company’s stock, valued at $281,243,832.93. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Russell Diez-Canseco sold 44,653 shares of the business’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 transaction of $1,789,245.71. Following the completion of the sale, the chief executive officer now directly owns 537,349 shares in the company, valued at $21,531,574.43. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 27.60% of the stock is owned by insiders.

Vital Farms Price Performance

Shares of NASDAQ VITL opened at $29.28 on Tuesday. The firm has a 50-day simple moving average of $34.96 and a 200-day simple moving average of $36.74. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 26.14 and a beta of 0.97. 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 $11.72 and a 52 week high of $48.41.

Vital Farms (NASDAQ:VITL) last issued its earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Vital Farms had a net margin of 8.68% and a return on equity of 23.29%. The company had revenue of $145.00 million for the quarter, compared to the consensus estimate of $145.27 million. During the same period in the previous year, the firm earned $0.10 earnings per share. Vital Farms’s quarterly revenue was up 31.3% compared to the same quarter last year. On average, equities analysts predict that Vital Farms, Inc. will post 1.1 earnings per share for the current fiscal year.

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.