Tower Research Capital LLC TRC Purchases 1,370 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Tower Research Capital LLC TRC grew its position in shares of Vital Farms, Inc. (NASDAQ:VITL) by 21.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,724 shares of the company’s stock after acquiring an additional 1,370 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Vital Farms were worth $291,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Mirova acquired a new stake in Vital Farms in the 4th quarter valued at $411,000. MetLife Investment Management LLC grew its holdings in shares of Vital Farms by 6.2% during the fourth quarter. MetLife Investment Management LLC now owns 20,035 shares of the company’s stock valued at $755,000 after buying an additional 1,175 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Vital Farms by 7.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 901,537 shares of the company’s stock worth $33,978,000 after acquiring an additional 59,397 shares in the last quarter. First Trust Advisors LP bought a new position in Vital Farms in the 4th quarter valued at about $4,620,000. Finally, Marshall Wace LLP boosted its stake in Vital Farms by 6.6% during the 4th quarter. Marshall Wace LLP now owns 793,031 shares of the company’s stock valued at $29,889,000 after purchasing an additional 48,847 shares during the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Vital Farms news, 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 transaction of $1,520,227.56. Following the sale, the chief executive officer now owns 703,736 shares in the company, valued at $23,708,865.84. This represents a 6.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Matthew Ohayer sold 4,000 shares of Vital Farms stock in a transaction on Monday, March 24th. The shares were 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 owns 6,966,890 shares of the company’s stock, valued at approximately $218,690,677.10. This trade represents a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,124 shares of company stock valued at $3,019,308. 27.60% of the stock is owned by insiders.

Vital Farms Stock Up 2.0 %

Vital Farms stock opened at $35.77 on Friday. The firm has a 50 day moving average price of $32.23 and a 200-day moving average price of $35.24. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. Vital Farms, Inc. has a twelve month low of $27.41 and a twelve month high of $48.41. The company has a market capitalization of $1.59 billion, a P/E ratio of 31.94 and a beta of 0.96.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.08. The business had revenue of $165.99 million during 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%. As a group, equities analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. William Blair restated an “outperform” rating on shares of Vital Farms in a report on Friday, February 28th. Telsey Advisory Group restated an “outperform” rating and set a $52.00 price objective on shares of Vital Farms in a research note on Thursday, March 13th. Stifel Nicolaus upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Friday, February 28th. TD Cowen raised their price target on shares of Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, DA Davidson cut their price target on shares of Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vital Farms presently has a consensus rating of “Buy” and a consensus price target of $44.71.

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.