Vital Farms, Inc. (NASDAQ:VITL) Stock Position Decreased by Granite Investment Partners LLC

Granite Investment Partners LLC cut its stake in shares of Vital Farms, Inc. (NASDAQ:VITL) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,284 shares of the company’s stock after selling 7,812 shares during the period. Granite Investment Partners LLC owned approximately 0.22% of Vital Farms worth $3,591,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. CIBC Private Wealth Group LLC raised its holdings in Vital Farms by 152.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock worth $35,000 after buying an additional 540 shares during the period. US Bancorp DE raised its holdings in shares of Vital Farms by 160.3% during the fourth quarter. US Bancorp DE now owns 1,416 shares of the company’s stock valued at $53,000 after acquiring an additional 872 shares during the period. Frazier Financial Advisors LLC acquired a new stake in shares of Vital Farms during the fourth quarter valued at approximately $59,000. Mendota Financial Group LLC acquired a new position in Vital Farms in the 4th quarter worth approximately $62,000. Finally, Principal Securities Inc. grew its position in Vital Farms by 29.4% during the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company’s stock worth $63,000 after purchasing an additional 380 shares in the last quarter. 98.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VITL has been the subject of a number of research analyst reports. Morgan Stanley began coverage on Vital Farms in a report on Monday, March 24th. They issued an “overweight” rating and a $30.00 target price for the company. William Blair restated 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 restated an “outperform” rating and set a $52.00 price target on shares of Vital Farms in a report on Thursday, March 13th. Finally, DA Davidson dropped their price objective on shares of Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $42.00.

Insider Activity at Vital Farms

In related news, insider Joanne Bal sold 28,246 shares of the firm’s 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 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CMO Kathryn Mckeon sold 12,300 shares of Vital Farms stock in a transaction on Friday, January 17th. The stock was sold at an average price of $44.05, for a total transaction of $541,815.00. Following the completion of the transaction, the chief marketing officer now owns 46,203 shares in the company, valued at $2,035,242.15. This trade represents a 21.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 88,546 shares of company stock valued at $3,567,030. Corporate insiders own 27.60% of the company’s stock.

Vital Farms Stock Performance

VITL stock opened at $34.01 on Monday. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 30.37 and a beta of 0.96. The firm has a 50 day moving average of $32.62 and a two-hundred day moving average of $35.61. 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, Inc. has a 12 month low of $24.52 and a 12 month high of $48.41.

Vital Farms (NASDAQ:VITL) last posted its earnings results on Thursday, February 27th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. The firm had revenue of $165.99 million for 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, equities analysts anticipate that Vital Farms, Inc. will post 1.11 EPS 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.