Vital Farms, Inc. $VITL Shares Bought by Peregrine Capital Management LLC

Peregrine Capital Management LLC raised its position in Vital Farms, Inc. (NASDAQ:VITLFree Report) by 27.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 248,086 shares of the company’s stock after acquiring an additional 54,192 shares during the quarter. Peregrine Capital Management LLC’s holdings in Vital Farms were worth $7,924,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Divisadero Street Capital Management LP boosted its holdings in Vital Farms by 131.7% in the 3rd quarter. Divisadero Street Capital Management LP now owns 993,338 shares of the company’s stock worth $40,876,000 after buying an additional 564,711 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Vital Farms by 23.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,377,681 shares of the company’s stock worth $56,692,000 after buying an additional 258,092 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in Vital Farms in the 3rd quarter worth about $1,728,000. Citigroup Inc. boosted its holdings in Vital Farms by 554.1% in the 3rd quarter. Citigroup Inc. now owns 95,258 shares of the company’s stock worth $3,920,000 after buying an additional 80,694 shares during the last quarter. Finally, E. Ohman J or Asset Management AB acquired a new stake in Vital Farms in the 3rd quarter worth about $1,903,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VITL. TD Cowen cut Vital Farms from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $25.00 to $16.00 in a report on Wednesday, April 8th. Needham & Company LLC lowered their price objective on Vital Farms from $35.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Telsey Advisory Group lowered their price objective on Vital Farms from $35.00 to $26.00 and set an “outperform” rating on the stock in a report on Friday, March 27th. Weiss Ratings restated a “hold (c)” rating on shares of Vital Farms in a report on Friday, April 10th. Finally, Zacks Research cut Vital Farms from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Nine analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.67.

Read Our Latest Stock Report on VITL

Vital Farms Stock Up 1.8%

VITL stock opened at $12.73 on Friday. The firm has a market cap of $570.30 million, a PE ratio of 8.84 and a beta of 1.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.61 and a current ratio of 2.16. The firm’s 50 day moving average price is $17.31 and its 200-day moving average price is $27.38. Vital Farms, Inc. has a one year low of $12.12 and a one year high of $53.13.

Vital Farms (NASDAQ:VITLGet Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). The firm had revenue of $213.55 million for the quarter, compared to analysts’ expectations of $212.83 million. Vital Farms had a net margin of 8.73% and a return on equity of 20.69%. The firm’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. On average, equities research analysts anticipate that Vital Farms, Inc. will post 0.96 EPS for the current year.

More Vital Farms News

Here are the key news stories impacting Vital Farms this week:

Insider Activity at Vital Farms

In other news, Director Karl Khoury purchased 5,000 shares of Vital Farms stock in a transaction dated Monday, March 9th. The shares were purchased at an average price of $18.45 per share, with a total value of $92,250.00. Following the transaction, the director owned 119,789 shares in the company, valued at $2,210,107.05. This represents a 4.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Matthew Ohayer sold 20,000 shares of Vital Farms stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $20.33, for a total transaction of $406,600.00. Following the sale, the insider directly owned 6,321,190 shares in the company, valued at approximately $128,509,792.70. The trade was a 0.32% decrease in their position. The SEC filing for this sale provides additional information. 21.30% of the stock is currently owned by insiders.

Vital Farms Company Profile

(Free Report)

Vital Farms, traded on the NASDAQ under the symbol VITL, is a U.S.-based food company specializing in pasture-raised egg and dairy products. The company partners with a network of family farms across the United States to produce eggs, butter and related items under a certified humane, pasture-centric farming model. Vital Farms’ supply chain emphasizes animal welfare, environmental stewardship and transparent sourcing, appealing to consumers seeking ethically produced, high-quality ingredients.

Founded in 2007 and headquartered in Austin, Texas, Vital Farms began by marketing pasture-raised eggs to health- and ethically minded shoppers.

Read More

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Institutional Ownership by Quarter for Vital Farms (NASDAQ:VITL)

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