Nebula Research & Development LLC Sells 1,157 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Nebula Research & Development LLC reduced its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL) by 2.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 46,379 shares of the company’s stock after selling 1,157 shares during the period. Nebula Research & Development LLC’s holdings in Vital Farms were worth $1,748,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Nordea Investment Management AB acquired a new position in Vital Farms during the fourth quarter worth about $2,765,000. JPMorgan Chase & Co. boosted its stake in shares of Vital Farms by 38.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 266,398 shares of the company’s stock valued at $9,343,000 after purchasing an additional 74,593 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Vital Farms during the 4th quarter valued at approximately $699,000. Franklin Resources Inc. increased its position in Vital Farms by 10.2% during the 3rd 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 in the last quarter. Finally, Barclays PLC lifted its stake in Vital Farms by 57.3% in 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 during the last quarter. 98.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VITL. Morgan Stanley decreased their target price on shares of Vital Farms from $40.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. TD Cowen boosted their price objective on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Telsey Advisory Group reiterated an “outperform” rating and issued a $52.00 target price on shares of Vital Farms in a research report on Thursday, March 13th. DA Davidson cut 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. Finally, William Blair reaffirmed an “outperform” rating on shares of Vital Farms in a research note on Friday, February 28th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vital Farms currently has a consensus rating of “Buy” and a consensus target price of $44.71.

Insider Activity

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $32.68, for a total value of $784,320.00. Following the transaction, the insider now directly owns 6,942,890 shares of the company’s stock, valued at approximately $226,893,645.20. The trade was a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Russell Diez-Canseco sold 45,124 shares of the firm’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $33.69, for a total transaction of $1,520,227.56. Following the sale, the chief executive officer now directly owns 703,736 shares of the company’s stock, valued at approximately $23,708,865.84. This trade represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 93,124 shares of company stock valued at $3,019,308. 27.60% of the stock is currently owned by insiders.

Vital Farms Stock Down 0.7 %

Shares of VITL opened at $33.38 on Friday. The stock’s 50-day moving average price is $32.16 and its two-hundred day moving average price is $35.42. Vital Farms, Inc. has a 12 month low of $24.87 and a 12 month high of $48.41. The company has a market capitalization of $1.49 billion, a PE ratio of 29.80 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 (NASDAQ:VITL) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The company had revenue of $165.99 million for the quarter, compared to analyst estimates of $160.32 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. On average, analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current 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.