Raiffeisen Bank International AG Takes Position in Vital Farms, Inc. (NASDAQ:VITL)

Raiffeisen Bank International AG purchased a new stake in Vital Farms, Inc. (NASDAQ:VITL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 24,000 shares of the company’s stock, valued at approximately $892,000. Raiffeisen Bank International AG owned approximately 0.05% of Vital Farms as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in VITL. CIBC Private Wealth Group LLC grew its position in shares of Vital Farms by 152.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock valued at $35,000 after purchasing an additional 540 shares in the last quarter. US Bancorp DE grew its position in shares of Vital Farms by 160.3% in the fourth quarter. US Bancorp DE now owns 1,416 shares of the company’s stock valued at $53,000 after purchasing an additional 872 shares in the last quarter. Frazier Financial Advisors LLC purchased a new position in shares of Vital Farms in the fourth quarter valued at $59,000. Principal Securities Inc. grew its position in shares of Vital Farms by 29.4% in the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company’s stock valued at $63,000 after purchasing an additional 380 shares in the last quarter. Finally, Rothschild Investment LLC grew its position in shares of Vital Farms by 191.2% in the fourth quarter. Rothschild Investment LLC now owns 1,814 shares of the company’s stock valued at $68,000 after purchasing an additional 1,191 shares in the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Vital Farms news, CEO Russell Diez-Canseco sold 45,124 shares of Vital Farms stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $33.69, for a total transaction of $1,520,227.56. Following the completion of the sale, the chief executive officer now owns 703,736 shares of the company’s stock, valued at $23,708,865.84. The trade was a 6.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Matthew Ohayer sold 4,000 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $31.39, for a total value of $125,560.00. Following the completion of the sale, the insider now directly owns 6,966,890 shares of the company’s stock, valued at approximately $218,690,677.10. This trade represents a 0.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 93,124 shares of company stock valued at $3,019,308 over the last 90 days. Insiders own 27.60% of the company’s stock.

Vital Farms Trading Up 4.5%

Shares of VITL stock opened at $35.80 on Friday. 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 business has a 50-day moving average price of $32.79 and a two-hundred day moving average price of $35.03. Vital Farms, Inc. has a 12-month low of $27.91 and a 12-month high of $48.41. The firm has a market cap of $1.59 billion, a P/E ratio of 31.96 and a beta of 0.94.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.11. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The firm had revenue of $162.19 million during the quarter, compared to analyst estimates of $164.43 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year. Equities analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VITL. BMO Capital Markets upgraded Vital Farms to a “strong-buy” rating in a research report on Tuesday, May 6th. Telsey Advisory Group restated an “outperform” rating and set a $52.00 target price on shares of Vital Farms in a research report on Monday, May 5th. DA Davidson reduced their target price 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. William Blair restated an “outperform” rating on shares of Vital Farms in a research report on Friday, February 28th. Finally, Stifel Nicolaus upgraded Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Friday, February 28th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $44.63.

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.