6 days Ago By ABMN Staff
Alliancebernstein L.P. cut its stake in Vital Farms, Inc.
( NASDAQ:VITL – Free Report ) by 37.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,550 shares of the company’s stock after selling 52,620 shares during the quarter.
Alliancebernstein L.P. owned approximately 0.
20% of Vital Farms worth $3,375,000 at the end of the most recent reporting period. Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in shares of Vital Farms by 417.
8% during the fourth quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company’s stock valued at $91,625,000 after acquiring an additional 1,961,550 shares during the last quarter. Vanguard Group Inc.
boosted its stake in Vital Farms by 4.1% during 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 last quarter. Principal Financial Group Inc. grew its holdings in shares of Vital Farms by 78.
7% during the fourth quarter. Principal Financial Group Inc. now owns 1,171,950 shares of the company’s stock worth $44,172,000 after buying an additional 516,139 shares in the last quarter.
William Blair Investment Management LLC raised its position in shares of Vital Farms by 10.4% in the fourth quarter. William Blair Investment Management LLC now owns 955,895 shares of the company’s stock valued at $36,028,000 after buying an additional 89,772 shares during the last quarter.
Finally, Pictet Asset Management Holding SA lifted its stake in shares of Vital Farms by 30.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 905,354 shares of the company’s stock worth $34,123,000 after buying an additional 208,951 shares in the last quarter.
98.59% of the stock is currently owned by institutional investors and hedge funds. Vital Farms Stock Down 1.
1 % VITL stock opened at $33.62 on Tuesday. The stock has a market cap of $1.
49 billion, a P/E ratio of 30.02 and a beta of 0.96.
The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.
04. Vital Farms, Inc. has a twelve month low of $24.
52 and a twelve month high of $48.41. The company’s 50 day moving average is $32.
54 and its two-hundred day moving average is $35.60. Analysts Set New Price Targets A number of analysts have commented on VITL shares.
William Blair reiterated 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 price objective on the stock in a report on Friday, February 28th.
DA Davidson decreased their price target on Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, March 14th.
TD Cowen raised their price objective on shares of Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th.
Finally, Morgan Stanley initiated 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.
Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $42.00.
Read Our Latest Research Report on Vital Farms Insider Buying and Selling at Vital Farms In related news, insider Matthew Ohayer sold 4,000 shares of the company’s stock in a transaction on 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 owns 6,966,890 shares in the company, valued at $218,690,677.10.
This represents a 0.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website .
Also, insider Joanne Bal sold 28,246 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $45.10, for a total transaction of $1,273,894.
60. Following the sale, the insider now owns 59,371 shares of the company’s stock, valued at approximately $2,677,632.10.
This represents a 32.24 % decrease in their position. The disclosure for this sale can be found here .
Over the last quarter, insiders sold 88,546 shares of company stock worth $3,567,030. 27.60% of the stock is owned by insiders.
Vital Farms Profile ( Free Report ) 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.
Recommended Stories Want to see what other hedge funds are holding VITL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vital Farms, Inc. ( NASDAQ:VITL – Free Report ).
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