Kings Path Partners LLC Sells 8,550 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Kings Path Partners LLC lessened its holdings in Vital Farms, Inc. (NASDAQ:VITL) by 38.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,590 shares of the company’s stock after selling 8,550 shares during the quarter. Kings Path Partners LLC’s holdings in Vital Farms were worth $414,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VITL. Proficio Capital Partners LLC purchased a new stake in Vital Farms during the 4th quarter valued at $699,000. Barclays PLC increased its holdings in Vital Farms by 57.3% during the third quarter. Barclays PLC now owns 95,444 shares of the company’s stock valued at $3,347,000 after buying an additional 34,758 shares during the last quarter. Vanguard Group Inc. raised its holdings in Vital Farms by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 2,236,848 shares of the company’s stock worth $84,307,000 after purchasing an additional 87,980 shares during the period. Vontobel Holding Ltd. bought a new position in shares of Vital Farms in the fourth quarter worth about $298,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Vital Farms by 25.2% in the fourth quarter. Ameriprise Financial Inc. now owns 84,592 shares of the company’s stock worth $3,188,000 after purchasing an additional 17,017 shares in the last quarter. Institutional investors own 98.59% of the company’s stock.

Vital Farms Price Performance

Shares of VITL stock opened at $31.95 on Friday. The company has a market capitalization of $1.42 billion, a P/E ratio of 28.53 and a beta of 0.94. The company’s 50-day simple moving average is $33.37 and its two-hundred day simple moving average is $35.02. Vital Farms, Inc. has a one year low of $27.91 and a one year high of $48.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.26 by $0.11. The company had revenue of $162.19 million for the quarter, compared to the consensus estimate of $164.43 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. Vital Farms’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS. As a group, equities analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current year.

Analysts Set New Price Targets

VITL has been the topic of a number of research reports. William Blair reiterated an “outperform” rating on shares of Vital Farms in a report on Friday, February 28th. DA Davidson cut their price target on shares of Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Morgan Stanley decreased their price objective on shares of Vital Farms from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $52.00 target price on shares of Vital Farms in a research note on Monday, May 5th. Finally, BMO Capital Markets upgraded Vital Farms to a “strong-buy” rating in a report on Tuesday, May 6th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Vital Farms presently has a consensus rating of “Buy” and a consensus price target of $44.63.

Insider Buying and Selling

In other news, CEO Russell Diez-Canseco sold 45,124 shares of the company’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $33.69, for a total value 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 approximately $23,708,865.84. This represents a 6.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Matthew Ohayer sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $31.39, for a total transaction of $125,560.00. Following the completion of the transaction, the insider now directly owns 6,966,890 shares of the company’s stock, valued at $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 three months. 27.60% of the stock is owned by company insiders.

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.