4 days Ago By ABMN Staff
Russell Investments Group Ltd. lessened its position in Vital Farms, Inc. ( NASDAQ:VITL – Free Report ) by 21.
8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 113,808 shares of the company’s stock after selling 31,688 shares during the period. Russell Investments Group Ltd.
owned approximately 0.26% of Vital Farms worth $4,289,000 as of its most recent filing with the SEC. Several other hedge funds also recently bought and sold shares of the company.
Nordea Investment Management AB acquired a new position in shares of Vital Farms in the 4th quarter valued at $2,765,000. JPMorgan Chase & Co. grew its stake in Vital Farms by 38.
9% in the third quarter. JPMorgan Chase & Co. now owns 266,398 shares of the company’s stock valued at $9,343,000 after acquiring an additional 74,593 shares during the period.
Proficio Capital Partners LLC bought a new stake in shares of Vital Farms in the fourth quarter worth about $699,000. Franklin Resources Inc. raised its position in shares of Vital Farms by 10.
2% during the third quarter. Franklin Resources Inc. now owns 372,583 shares of the company’s stock worth $13,066,000 after purchasing an additional 34,412 shares during the period.
Finally, Barclays PLC lifted its holdings in shares of Vital Farms by 57.3% during the 3rd quarter. Barclays PLC now owns 95,444 shares of the company’s stock valued at $3,347,000 after purchasing an additional 34,758 shares in the last quarter.
98.59% of the stock is currently owned by institutional investors and hedge funds. Insiders Place Their Bets In other news, insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction dated Tuesday, January 21st.
The shares were sold at an average price of $43.19, for a total value of $1,036,560.00.
Following the sale, the insider now directly owns 7,014,890 shares of the company’s stock, valued at approximately $302,973,099.10. This represents a 0.
34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, insider Joanne Bal sold 28,246 shares of the firm’s stock in a transaction dated Friday, January 17th.
The shares were sold at an average price of $45.10, for a total transaction of $1,273,894.60.
Following the completion of the sale, the insider now owns 59,371 shares of the company’s stock, valued at $2,677,632.10. This trade represents a 32.
24 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last three months, insiders have sold 88,546 shares of company stock valued at $3,567,030.
27.60% of the stock is currently owned by corporate insiders. Vital Farms Trading Up 0.
4 % Vital Farms ( NASDAQ:VITL – Get Free Report ) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
15 by $0.08. Vital Farms had a return on equity of 22.
29% and a net margin of 8.68%. The firm had revenue of $165.
99 million during the quarter, compared to the consensus estimate of $160.32 million. On average, equities analysts expect that Vital Farms, Inc.
will post 1.11 earnings per share for the current fiscal year. Analysts Set New Price Targets A number of analysts recently issued reports on VITL shares.
Craig Hallum assumed coverage on Vital Farms in a research note on Friday, December 20th. They set a “buy” rating and a $50.00 target price for the company.
William Blair restated an “outperform” rating on shares of Vital Farms in a report on Friday, February 28th. Morgan Stanley initiated coverage on shares of Vital Farms in a research note on Monday, March 24th. They issued an “overweight” rating and a $30.
00 target price for the company. 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 report on Friday, February 28th.
Finally, Telsey Advisory Group restated an “outperform” rating and issued a $52.00 price target on shares of Vital Farms in a report on Thursday, March 13th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $42.
00. Check Out Our Latest Analysis on VITL 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. Featured Articles 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.
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