Frazier Financial Advisors LLC Acquires Shares of 1,576 Vital Farms, Inc. (NASDAQ:VITL)

Frazier Financial Advisors LLC bought a new position in shares of Vital Farms, Inc. (NASDAQ:VITL) during the fourth quarter, Holdings Channel reports. The firm bought 1,576 shares of the company’s stock, valued at approximately $59,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new position in shares of Vital Farms during the 3rd quarter worth $35,000. US Bancorp DE lifted its holdings in Vital Farms by 160.3% during the fourth quarter. US Bancorp DE now owns 1,416 shares of the company’s stock valued at $53,000 after purchasing an additional 872 shares during the last quarter. Mendota Financial Group LLC bought a new position in Vital Farms during the fourth quarter worth about $62,000. Principal Securities Inc. boosted its holdings in Vital Farms by 29.4% in the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company’s stock worth $63,000 after buying an additional 380 shares during the period. Finally, Rothschild Investment LLC grew its stake in Vital Farms by 191.2% in the 4th quarter. Rothschild Investment LLC now owns 1,814 shares of the company’s stock valued at $68,000 after buying an additional 1,191 shares in the last quarter. 98.59% of the stock is owned by hedge funds and other institutional investors.

Vital Farms Price Performance

NASDAQ VITL opened at $30.27 on Friday. 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 12 month low of $23.04 and a 12 month high of $48.41. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 27.03 and a beta of 0.95. The company’s 50 day moving average is $35.49 and its two-hundred day moving average is $35.63.

Vital Farms (NASDAQ:VITL) last issued its earnings results on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.08. The company had revenue of $165.99 million during the quarter, compared to the consensus estimate of $160.32 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. As a group, research analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Insider Buying and Selling

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 transaction of $125,560.00. Following the completion of the transaction, the insider now owns 6,966,890 shares in the company, valued at approximately $218,690,677.10. This represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joanne Bal sold 28,246 shares of Vital Farms stock in a transaction on 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 in the company, valued at approximately $2,677,632.10. This represents a 32.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 145,474 shares of company stock worth $5,969,700. 27.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VITL. Craig Hallum started coverage on Vital Farms in a report on Friday, December 20th. They set a “buy” rating and a $50.00 price objective on the stock. Stifel Nicolaus upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Friday, February 28th. TD Cowen increased their target price 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. William Blair reissued an “outperform” rating on shares of Vital Farms in a report on Friday, February 28th. Finally, Morgan Stanley started coverage on shares of Vital Farms in a research note on Monday. They issued an “overweight” rating and a $30.00 target price on the stock. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $42.00.

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.