Granahan Investment Management LLC Increases Stake in Vital Farms, Inc. (NASDAQ:VITL)

Granahan Investment Management LLC grew its position in Vital Farms, Inc. (NASDAQ:VITL) by 52.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 151,347 shares of the company’s stock after acquiring an additional 51,942 shares during the period. Granahan Investment Management LLC owned about 0.35% of Vital Farms worth $5,704,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its holdings in Vital Farms by 152.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock valued at $35,000 after purchasing an additional 540 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Vital Farms by 160.3% in the 4th quarter. US Bancorp DE now owns 1,416 shares of the company’s stock valued at $53,000 after buying an additional 872 shares during the period. Frazier Financial Advisors LLC purchased a new stake in shares of Vital Farms in the fourth quarter valued at approximately $59,000. Mendota Financial Group LLC acquired a new position in Vital Farms during the fourth quarter worth $62,000. Finally, Principal Securities Inc. raised its position in Vital Farms by 29.4% in the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company’s stock worth $63,000 after acquiring an additional 380 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Vital Farms Price Performance

Shares of NASDAQ:VITL opened at $33.82 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. The business’s fifty day moving average price is $32.50 and its two-hundred day moving average price is $35.07. The stock has a market cap of $1.51 billion, a PE ratio of 30.20 and a beta of 0.94. Vital Farms, Inc. has a one year low of $27.91 and a one year high of $48.41.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The business had revenue of $162.19 million for the quarter, compared to analyst estimates of $164.43 million. During the same quarter last year, the company earned $0.43 earnings per share. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Analysts Set New Price Targets

VITL has been the topic of several research analyst reports. DA Davidson decreased their target price on shares of Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Stifel Nicolaus upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Friday, February 28th. BMO Capital Markets upgraded shares of Vital Farms to a “strong-buy” rating in a research report on Tuesday. Morgan Stanley lowered their price target on Vital Farms from $40.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Finally, William Blair reaffirmed an “outperform” rating on shares of Vital Farms in a report on Friday, February 28th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $44.63.

Insider Activity

In other Vital Farms news, insider Matthew Ohayer sold 4,000 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $31.39, for a total value of $125,560.00. Following the completion of the transaction, the insider now directly owns 6,966,890 shares in the company, valued at approximately $218,690,677.10. The trade was a 0.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Russell Diez-Canseco sold 45,124 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $33.69, for a total value of $1,520,227.56. Following the transaction, the chief executive officer now directly owns 703,736 shares in the company, valued at approximately $23,708,865.84. This represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 93,124 shares of company stock valued at $3,019,308 over the last 90 days. Insiders own 27.60% of the company’s stock.

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.