Vital Farms, Inc. $VITL Shares Purchased by Ranger Investment Management L.P.

Ranger Investment Management L.P. boosted its stake in Vital Farms, Inc. (NASDAQ:VITL) by 7.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 236,120 shares of the company’s stock after acquiring an additional 16,215 shares during the period. Ranger Investment Management L.P.’s holdings in Vital Farms were worth $9,095,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cim LLC increased its position in shares of Vital Farms by 5.6% during the second quarter. Cim LLC now owns 12,551 shares of the company’s stock valued at $483,000 after acquiring an additional 670 shares during the last quarter. State of Wyoming purchased a new position in shares of Vital Farms during the 2nd quarter worth approximately $141,000. Tower Research Capital LLC TRC increased its holdings in Vital Farms by 363.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,714 shares of the company’s stock valued at $182,000 after purchasing an additional 3,696 shares during the last quarter. Wasatch Advisors LP raised its position in Vital Farms by 80.2% in the second quarter. Wasatch Advisors LP now owns 2,074,803 shares of the company’s stock valued at $79,921,000 after purchasing an additional 923,507 shares during the period. Finally, Tidal Investments LLC lifted its stake in Vital Farms by 31.3% during the second quarter. Tidal Investments LLC now owns 19,008 shares of the company’s stock worth $732,000 after purchasing an additional 4,529 shares in the last quarter. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on VITL shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vital Farms in a research note on Monday, December 8th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Vital Farms in a research report on Wednesday, November 5th. Mizuho cut their price target on shares of Vital Farms from $53.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Cowen reissued a “buy” rating on shares of Vital Farms in a research report on Thursday, September 18th. Finally, Benchmark began coverage on shares of Vital Farms in a report on Thursday, November 13th. They issued a “buy” rating and a $60.00 price objective for the company. Thirteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.64.

Insider Buying and Selling

In other news, insider Matthew Ohayer sold 25,000 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $33.17, for a total value of $829,250.00. Following the sale, the insider directly owned 6,391,190 shares in the company, valued at approximately $211,995,772.30. This trade represents a 0.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Russell Diez-Canseco sold 9,667 shares of Vital Farms stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $44.39, for a total transaction of $429,118.13. Following the sale, the chief executive officer directly owned 666,109 shares of the company’s stock, valued at approximately $29,568,578.51. This trade represents a 1.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 64,667 shares of company stock worth $2,245,268. Insiders own 21.30% of the company’s stock.

Vital Farms Price Performance

VITL stock opened at $34.30 on Friday. The business’s 50-day moving average is $35.37 and its two-hundred day moving average is $38.97. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.65 and a quick ratio of 2.15. The firm has a market capitalization of $1.54 billion, a P/E ratio of 25.98 and a beta of 1.06. Vital Farms, Inc. has a 1 year low of $28.87 and a 1 year high of $53.13.

Vital Farms (NASDAQ:VITL) last released its earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The firm had revenue of $198.94 million for the quarter, compared to analyst estimates of $191.35 million. Vital Farms had a net margin of 8.50% and a return on equity of 20.19%. The business’s quarterly revenue was up 37.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share. Analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share 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.