Y Intercept Hong Kong Ltd boosted its holdings in Vital Farms, Inc. (NASDAQ:VITL – Free Report) by 458.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,646 shares of the company’s stock after acquiring an additional 41,580 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Vital Farms were worth $715,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Triumph Capital Management bought a new position in shares of Vital Farms in the fourth quarter worth approximately $25,000. Quarry LP purchased a new stake in Vital Farms in the fourth quarter valued at approximately $27,000. Global Retirement Partners LLC lifted its position in Vital Farms by 4,382.6% during the fourth quarter. Global Retirement Partners LLC now owns 1,031 shares of the company’s stock valued at $33,000 after purchasing an additional 1,008 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Vital Farms during the third quarter valued at approximately $55,000. Finally, PNC Financial Services Group Inc. lifted its position in Vital Farms by 225.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,452 shares of the company’s stock valued at $46,000 after purchasing an additional 1,006 shares during the last quarter. Hedge funds and other institutional investors own 98.59% of the company’s stock.
Vital Farms Price Performance
Shares of NASDAQ:VITL opened at $12.95 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.77 and a debt-to-equity ratio of 0.01. The stock has a market cap of $554.88 million, a PE ratio of 12.45 and a beta of 1.07. The company’s fifty day moving average is $10.61 and its 200 day moving average is $18.01. Vital Farms, Inc. has a 52 week low of $7.95 and a 52 week high of $53.13.
Insider Buying and Selling
In related news, insider Stephanie Coon purchased 5,895 shares of Vital Farms stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $8.42 per share, for a total transaction of $49,635.90. Following the transaction, the insider directly owned 62,314 shares in the company, valued at $524,683.88. The trade was a 10.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Glenda J. Flanagan purchased 6,100 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was bought at an average cost of $8.33 per share, for a total transaction of $50,813.00. Following the completion of the purchase, the director directly owned 37,498 shares in the company, valued at approximately $312,358.34. This trade represents a 19.43% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 38,700 shares of company stock worth $320,864. Insiders own 3.90% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on VITL. Telsey Advisory Group lowered shares of Vital Farms from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a report on Friday, May 8th. Needham & Company LLC dropped their price objective on shares of Vital Farms from $20.00 to $13.00 and set a “buy” rating for the company in a report on Monday, May 11th. Wall Street Zen lowered shares of Vital Farms from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 9th. William Blair reissued a “market perform” rating on shares of Vital Farms in a research note on Friday, May 8th. Finally, Stifel Nicolaus restated a “hold” rating and set a $10.00 price target (down from $34.00) on shares of Vital Farms in a research report on Friday, May 8th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.08.
Check Out Our Latest Analysis on Vital Farms
Vital Farms Company Profile
Vital Farms, traded on the NASDAQ under the symbol VITL, is a U.S.-based food company specializing in pasture-raised egg and dairy products. The company partners with a network of family farms across the United States to produce eggs, butter and related items under a certified humane, pasture-centric farming model. Vital Farms’ supply chain emphasizes animal welfare, environmental stewardship and transparent sourcing, appealing to consumers seeking ethically produced, high-quality ingredients.
Founded in 2007 and headquartered in Austin, Texas, Vital Farms began by marketing pasture-raised eggs to health- and ethically minded shoppers.
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