Wellington Management Group LLP Raises Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Wellington Management Group LLP boosted its stake in Vital Farms, Inc. (NASDAQ:VITL) by 417.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,431,024 shares of the company’s stock after buying an additional 1,961,550 shares during the quarter. Wellington Management Group LLP owned approximately 5.55% of Vital Farms worth $91,625,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. CIBC Private Wealth Group LLC grew its holdings in shares of Vital Farms by 152.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock worth $35,000 after buying an additional 540 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in Vital Farms by 30.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 905,354 shares of the company’s stock worth $34,123,000 after acquiring an additional 208,951 shares during the period. Frazier Financial Advisors LLC acquired a new position in Vital Farms in the 4th quarter valued at $59,000. Blair William & Co. IL purchased a new position in shares of Vital Farms during the 4th quarter worth $428,000. Finally, Emerald Advisers LLC boosted its holdings in shares of Vital Farms by 22.3% during the fourth quarter. Emerald Advisers LLC now owns 864,323 shares of the company’s stock worth $32,576,000 after purchasing an additional 157,883 shares during the last quarter. Institutional investors and hedge funds own 98.59% of the company’s stock.

Insider Buying and Selling

In other news, CMO Kathryn Mckeon sold 12,300 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $42.08, for a total transaction of $517,584.00. Following the sale, the chief marketing officer now directly owns 46,203 shares in the company, valued at approximately $1,944,222.24. This represents a 21.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Russell Diez-Canseco sold 44,628 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $42.24, for a total value of $1,885,086.72. Following the transaction, the chief executive officer now owns 668,202 shares of the company’s stock, valued at $28,224,852.48. This represents a 6.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 145,474 shares of company stock worth $5,969,700 over the last ninety days. 27.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on VITL shares. Telsey Advisory Group restated an “outperform” rating and issued a $52.00 target price on shares of Vital Farms in a report on Thursday, March 13th. DA Davidson dropped their price objective on Vital Farms from $44.00 to $42.00 and set a “buy” rating for the company in a report on Friday, March 14th. William Blair reiterated an “outperform” rating on shares of Vital Farms in a report on Friday, February 28th. Craig Hallum began coverage on Vital Farms in a research note on Friday, December 20th. They set a “buy” rating and a $50.00 price target for the company. Finally, TD Cowen lifted their price objective on Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $42.00.

Vital Farms Stock Performance

Shares of Vital Farms stock opened at $32.23 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. Vital Farms, Inc. has a 1 year low of $24.12 and a 1 year high of $48.41. The firm’s 50-day simple moving average is $33.90 and its 200-day simple moving average is $35.63. The firm has a market cap of $1.43 billion, a PE ratio of 28.78 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 (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. The firm had revenue of $165.99 million for the quarter, compared to analysts’ expectations of $160.32 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. Equities analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

About Vital Farms

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.