Lifestyle Asset Management Inc. Buys 499 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Lifestyle Asset Management Inc. grew its stake in Vital Farms, Inc. (NASDAQ:VITL) by 5.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,345 shares of the company’s stock after purchasing an additional 499 shares during the period. Lifestyle Asset Management Inc.’s holdings in Vital Farms were worth $390,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of VITL. Wellington Management Group LLP bought a new stake in shares of Vital Farms in the 3rd quarter valued at approximately $16,464,000. Millennium Management LLC lifted its stake in shares of Vital Farms by 651.3% during the 2nd quarter. Millennium Management LLC now owns 494,153 shares of the company’s stock worth $23,112,000 after acquiring an additional 428,382 shares during the last quarter. Emerald Advisers LLC lifted its stake in shares of Vital Farms by 106.8% during the 3rd quarter. Emerald Advisers LLC now owns 706,440 shares of the company’s stock worth $24,775,000 after acquiring an additional 364,837 shares during the last quarter. Wasatch Advisors LP bought a new stake in shares of Vital Farms during the 3rd quarter worth approximately $9,894,000. Finally, Emerald Mutual Fund Advisers Trust lifted its stake in shares of Vital Farms by 93.9% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 531,676 shares of the company’s stock worth $18,646,000 after acquiring an additional 257,492 shares during the last quarter. 98.59% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $38.19, for a total transaction of $916,560.00. Following the transaction, the insider now directly owns 7,038,890 shares in the company, valued at $268,815,209.10. The trade was a 0.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Russell Diez-Canseco sold 44,728 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $37.66, for a total value of $1,684,456.48. Following the transaction, the chief executive officer now owns 613,797 shares in the company, valued at approximately $23,115,595.02. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 190,202 shares of company stock worth $7,855,957. 27.60% of the stock is currently owned by company insiders.

Vital Farms Trading Up 1.6 %

VITL opened at $45.12 on Friday. The stock’s fifty day moving average is $37.33 and its two-hundred day moving average is $35.88. The company has a market capitalization of $1.98 billion, a P/E ratio of 40.29 and a beta of 0.88. Vital Farms, Inc. has a 52 week low of $14.37 and a 52 week high of $48.41. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The company had revenue of $145.00 million for the quarter, compared to the consensus estimate of $145.27 million. During the same period last year, the business posted $0.10 EPS. Vital Farms’s quarterly revenue was up 31.3% on a year-over-year basis. Analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on VITL shares. Craig Hallum started coverage on Vital Farms in a research note on Friday, December 20th. They set a “buy” rating and a $50.00 price target for the company. Jefferies Financial Group decreased their price target on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, November 11th. DA Davidson raised their price target on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, TD Cowen raised their price target on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.67.

About Vital Farms

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.