Vital Farms, Inc. (NASDAQ:VITL) Stock Position Lowered by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC lowered its position in shares of Vital Farms, Inc. (NASDAQ:VITL) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,705 shares of the company’s stock after selling 1,051 shares during the quarter. Jackson Creek Investment Advisors LLC owned 0.08% of Vital Farms worth $1,270,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of Vital Farms by 78.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,171,950 shares of the company’s stock valued at $44,172,000 after purchasing an additional 516,139 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Vital Farms by 4.3% during the third quarter. Geode Capital Management LLC now owns 749,659 shares of the company’s stock worth $26,296,000 after buying an additional 31,187 shares in the last quarter. Wellington Management Group LLP acquired a new position in Vital Farms in the third quarter worth approximately $16,464,000. Needham Investment Management LLC increased its holdings in shares of Vital Farms by 7.2% in the third quarter. Needham Investment Management LLC now owns 447,500 shares of the company’s stock valued at $15,694,000 after buying an additional 30,000 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Vital Farms by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 372,583 shares of the company’s stock valued at $13,066,000 after acquiring an additional 34,412 shares during the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Joanne Bal sold 28,246 shares of Vital Farms stock in a transaction 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 completion of the sale, the insider now owns 59,371 shares of the company’s stock, valued at approximately $2,677,632.10. The trade was a 32.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Kathryn Mckeon sold 12,300 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $42.08, for a total transaction of $517,584.00. Following the transaction, the chief marketing officer now directly owns 46,203 shares in the company, valued at $1,944,222.24. The trade was a 21.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 190,202 shares of company stock worth $7,855,957 in the last three months. 27.60% of the stock is owned by insiders.

Vital Farms Stock Up 9.0 %

VITL stock opened at $33.12 on Friday. The company has a 50 day moving average of $38.06 and a two-hundred day moving average of $35.65. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 29.57 and a beta of 0.95. Vital Farms, Inc. has a 12-month low of $20.20 and a 12-month 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, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The firm had revenue of $165.99 million during the quarter, compared to analysts’ expectations of $160.32 million. On average, equities analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VITL. TD Cowen boosted their target price on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. William Blair restated an “outperform” rating on shares of Vital Farms in a report on Friday, February 28th. Stifel Nicolaus 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 report on Friday, February 28th. Craig Hallum assumed coverage on shares of Vital Farms in a report on Friday, December 20th. They set a “buy” rating and a $50.00 price target on the stock. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $52.00 price objective on shares of Vital Farms in a research note on Friday, February 28th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $44.57.

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.