Trillium Asset Management LLC Trims Stock Position in Vital Farms, Inc. (NASDAQ:VITL)

Trillium Asset Management LLC trimmed its stake in Vital Farms, Inc. (NASDAQ:VITL) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,647 shares of the company’s stock after selling 4,271 shares during the period. Trillium Asset Management LLC owned 0.25% of Vital Farms worth $4,057,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in Vital Farms by 78.7% during the fourth quarter. Principal Financial Group Inc. now owns 1,171,950 shares of the company’s stock valued at $44,172,000 after buying an additional 516,139 shares during the period. Wellington Management Group LLP bought a new position in shares of Vital Farms in the 3rd quarter worth about $16,464,000. Jupiter Asset Management Ltd. lifted its position in Vital Farms by 96.3% during the 4th quarter. Jupiter Asset Management Ltd. now owns 628,709 shares of the company’s stock valued at $23,696,000 after acquiring an additional 308,425 shares during the period. Wasatch Advisors LP bought a new stake in Vital Farms during the third quarter worth about $9,894,000. Finally, First Eagle Investment Management LLC bought a new stake in Vital Farms during the fourth quarter worth about $5,464,000. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, insider Joanne Bal sold 28,246 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $45.10, for a total value of $1,273,894.60. Following the transaction, the insider now directly owns 59,371 shares in the company, valued at approximately $2,677,632.10. This trade represents a 32.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $43.19, for a total transaction of $1,036,560.00. Following the transaction, the insider now owns 7,014,890 shares in the company, valued at $302,973,099.10. This represents a 0.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,474 shares of company stock valued at $5,254,940. 27.60% of the stock is owned by company insiders.

Vital Farms Stock Performance

Shares of NASDAQ VITL opened at $29.56 on Thursday. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. The firm’s 50-day moving average price is $36.78 and its 200-day moving average price is $35.65. Vital Farms, Inc. has a 52-week low of $22.51 and a 52-week high of $48.41. The company has a market cap of $1.31 billion, a PE ratio of 26.39 and a beta of 0.95.

Vital Farms (NASDAQ:VITL) last posted its earnings results on Thursday, February 27th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $165.99 million during the quarter, compared to the consensus estimate of $160.32 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. As a group, analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on VITL. TD Cowen lifted their target price on shares of Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. William Blair reaffirmed an “outperform” rating on shares of Vital Farms in a research report on Friday, February 28th. Craig Hallum began coverage on Vital Farms in a report on Friday, December 20th. They issued a “buy” rating and a $50.00 target price on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $52.00 target price on shares of Vital Farms in a research note on Thursday, March 13th. Finally, DA Davidson lowered their price target on Vital Farms from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Vital Farms currently has a consensus rating of “Buy” and a consensus price target of $43.71.

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.