Chatham Capital Group Inc. Makes New $2.59 Million Investment in Vital Farms, Inc. (NASDAQ:VITL)

Chatham Capital Group Inc. acquired a new position in shares of Vital Farms, Inc. (NASDAQ:VITL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 68,715 shares of the company’s stock, valued at approximately $2,590,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new position in Vital Farms during the 4th quarter worth approximately $699,000. Assetmark Inc. grew its holdings in shares of Vital Farms by 10,241.4% during the 4th quarter. Assetmark Inc. now owns 2,999 shares of the company’s stock valued at $113,000 after acquiring an additional 2,970 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Vital Farms by 19.3% during the 4th quarter. Victory Capital Management Inc. now owns 26,855 shares of the company’s stock valued at $1,012,000 after acquiring an additional 4,351 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Vital Farms by 17.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 296,416 shares of the company’s stock valued at $11,172,000 after acquiring an additional 42,982 shares in the last quarter. Finally, LGT Fund Management Co Ltd. purchased a new position in shares of Vital Farms during the 4th quarter valued at $3,134,000. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Matthew Ohayer sold 24,000 shares of the 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 completion of the transaction, the insider now owns 7,014,890 shares of the company’s stock, valued at $302,973,099.10. This represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Russell Diez-Canseco sold 44,728 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $37.66, for a total transaction of $1,684,456.48. Following the completion of the transaction, the chief executive officer now directly owns 613,797 shares of the company’s stock, valued at $23,115,595.02. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 190,202 shares of company stock valued at $7,855,957. Insiders own 27.60% of the company’s stock.

Vital Farms Trading Down 1.3 %

Shares of NASDAQ:VITL opened at $30.39 on Friday. The stock has a market capitalization of $1.35 billion, a PE ratio of 27.13 and a beta of 0.95. Vital Farms, Inc. has a 1 year low of $19.22 and a 1 year high of $48.41. The firm has a fifty day moving average price of $38.21 and a 200 day moving average price of $35.69. 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 (NASDAQ:VITL) last released its earnings results on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The firm had revenue of $165.99 million during the quarter, compared to analyst estimates of $160.32 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. Analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Stifel Nicolaus upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Friday, February 28th. Jefferies Financial Group lowered their price target on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, November 11th. William Blair restated an “outperform” rating on shares of Vital Farms in a report on Friday, February 28th. Craig Hallum assumed coverage on shares of Vital Farms in a report on Friday, December 20th. They issued a “buy” rating and a $50.00 price objective for the company. Finally, TD Cowen upped their price objective on shares of Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vital Farms presently has a consensus rating of “Buy” and an average target price of $44.57.

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.