Hamilton Point Investment Advisors LLC Buys 82,439 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Hamilton Point Investment Advisors LLC raised its stake in shares of Vital Farms, Inc. (NASDAQ:VITL) by 57.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 226,000 shares of the company’s stock after purchasing an additional 82,439 shares during the quarter. Hamilton Point Investment Advisors LLC owned 0.54% of Vital Farms worth $3,546,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Mackenzie Financial Corp acquired a new stake in shares of Vital Farms during the 4th quarter valued at about $192,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Vital Farms during the 4th quarter valued at about $127,000. Green Alpha Advisors LLC boosted its position in shares of Vital Farms by 65.6% during the 4th quarter. Green Alpha Advisors LLC now owns 63,629 shares of the company’s stock valued at $998,000 after acquiring an additional 25,217 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Vital Farms by 37.6% during the 3rd quarter. Deutsche Bank AG now owns 15,933 shares of the company’s stock valued at $185,000 after acquiring an additional 4,357 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Vital Farms by 15.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 56,021 shares of the company’s stock valued at $649,000 after acquiring an additional 7,652 shares in the last quarter. Institutional investors own 98.59% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of Vital Farms from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. TheStreet upgraded shares of Vital Farms from a “c” rating to a “b-” rating in a research report on Monday, March 18th. Finally, William Blair initiated coverage on shares of Vital Farms in a research report on Wednesday, April 10th. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $17.25.

Insiders Place Their Bets

In other Vital Farms news, Chairman Matthew Ohayer sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $14.36, for a total value of $172,320.00. Following the completion of the sale, the chairman now owns 7,698,777 shares of the company’s stock, valued at $110,554,437.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Vital Farms news, Chairman Matthew Ohayer sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $14.36, for a total value of $172,320.00. Following the completion of the sale, the chairman now owns 7,698,777 shares of the company’s stock, valued at $110,554,437.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Russell Diez-Canseco sold 31,643 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $20.94, for a total transaction of $662,604.42. Following the completion of the sale, the chief executive officer now directly owns 318,931 shares of the company’s stock, valued at approximately $6,678,415.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,699,418 shares of company stock valued at $193,358,927. Insiders own 30.20% of the company’s stock.

Vital Farms Price Performance

NASDAQ:VITL traded down $0.19 on Monday, reaching $24.88. The stock had a trading volume of 409,197 shares, compared to its average volume of 391,198. The company has a market capitalization of $1.04 billion, a P/E ratio of 42.90 and a beta of 0.88. Vital Farms, Inc. has a 1-year low of $10.00 and a 1-year high of $25.78. The company has a quick ratio of 2.49, a current ratio of 3.00 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average price of $20.29 and a 200-day moving average price of $15.79.

Vital Farms (NASDAQ:VITL) last announced its earnings results on Thursday, March 7th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. Vital Farms had a net margin of 5.42% and a return on equity of 14.22%. The company had revenue of $135.81 million during the quarter, compared to the consensus estimate of $131.10 million. During the same period in the previous year, the firm posted $0.04 earnings per share. Research analysts forecast that Vital Farms, Inc. will post 0.77 EPS for the current 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.