Lifestyle Asset Management Inc. Buys 598 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Lifestyle Asset Management Inc. lifted its stake in shares of Vital Farms, Inc. (NASDAQ:VITL) by 6.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 9,846 shares of the company’s stock after acquiring an additional 598 shares during the period. Lifestyle Asset Management Inc.’s holdings in Vital Farms were worth $345,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in shares of Vital Farms during the 1st quarter valued at about $660,000. Inspire Investing LLC bought a new position in shares of Vital Farms during the 1st quarter valued at $1,003,000. Russell Investments Group Ltd. raised its position in Vital Farms by 2,006.1% in the 1st quarter. Russell Investments Group Ltd. now owns 148,541 shares of the company’s stock worth $3,454,000 after purchasing an additional 141,488 shares during the period. Global Alpha Capital Management Ltd. bought a new stake in Vital Farms in the first quarter worth $2,588,000. Finally, William Blair Investment Management LLC boosted its position in Vital Farms by 9.2% during the first quarter. William Blair Investment Management LLC now owns 2,650,008 shares of the company’s stock valued at $61,613,000 after buying an additional 224,335 shares during the period. Institutional investors own 98.59% of the company’s stock.

Insider Activity at Vital Farms

In other news, CEO Russell Diez-Canseco sold 44,653 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $40.07, for a total value of $1,789,245.71. Following the sale, the chief executive officer now directly owns 537,349 shares of the company’s stock, valued at $21,531,574.43. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Russell Diez-Canseco sold 44,653 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $40.07, for a total value of $1,789,245.71. Following the transaction, the chief executive officer now owns 537,349 shares in the company, valued at approximately $21,531,574.43. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $39.09, for a total transaction of $938,160.00. Following the sale, the insider now owns 7,194,777 shares in the company, valued at approximately $281,243,832.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 27.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on VITL. Stifel Nicolaus dropped their target price on Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a report on Friday, August 9th. DA Davidson raised their price target on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, TD Cowen raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Vital Farms presently has a consensus rating of “Moderate Buy” and an average price target of $39.50.

Vital Farms Stock Down 14.9 %

Shares of NASDAQ:VITL opened at $31.38 on Friday. The firm has a market capitalization of $1.35 billion, a P/E ratio of 29.60 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.03 and a current ratio of 3.50. The stock has a 50 day moving average price of $35.02 and a 200-day moving average price of $36.54. Vital Farms, Inc. has a 52-week low of $11.55 and a 52-week high of $48.41.

Vital Farms (NASDAQ:VITL) last announced its earnings results on Thursday, August 8th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.16. The firm had revenue of $147.39 million for the quarter, compared to analysts’ expectations of $138.41 million. Vital Farms had a net margin of 8.70% and a return on equity of 22.77%. The company’s quarterly revenue was up 38.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 EPS. As a group, equities research analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Vital Farms Profile

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.