Penserra Capital Management LLC Has $642,000 Position in Vital Farms, Inc. (NASDAQ:VITL)

Penserra Capital Management LLC lowered its stake in shares of Vital Farms, Inc. (NASDAQ:VITL) by 52.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,326 shares of the company’s stock after selling 19,931 shares during the quarter. Penserra Capital Management LLC’s holdings in Vital Farms were worth $642,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. 1620 Investment Advisors Inc. acquired a new stake in Vital Farms during the second quarter valued at approximately $42,000. CWM LLC increased its holdings in Vital Farms by 162.9% during the 2nd quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after purchasing an additional 655 shares in the last quarter. Quarry LP raised its position in Vital Farms by 180.4% in the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock valued at $60,000 after purchasing an additional 830 shares during the last quarter. nVerses Capital LLC boosted its stake in Vital Farms by 66.7% in the second quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock worth $94,000 after purchasing an additional 800 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Vital Farms during the second quarter worth $97,000. Institutional investors own 98.59% of the company’s stock.

Vital Farms Trading Down 0.6 %

Shares of NASDAQ VITL opened at $32.34 on Thursday. 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 $12.44 and a twelve month high of $48.41. The company’s fifty day moving average is $34.75 and its 200-day moving average is $36.76. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 28.88 and a beta of 0.97.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The business had revenue of $145.00 million for the quarter, compared to analysts’ expectations of $145.27 million. During the same quarter in the previous year, the business posted $0.10 EPS. Vital Farms’s revenue for the quarter was up 31.3% on a year-over-year basis. Equities research analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VITL. TD Cowen reduced their target price on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. DA Davidson lifted their price objective on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Stifel Nicolaus reduced their price objective on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Finally, Jefferies Financial Group dropped their target price on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vital Farms has a consensus rating of “Moderate Buy” and a consensus price target of $39.20.

Insiders Place Their Bets

In related news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $39.09, for a total transaction of $938,160.00. Following the completion of the transaction, the insider now owns 7,194,777 shares in the company, valued at approximately $281,243,832.93. This represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Russell Diez-Canseco sold 44,653 shares of Vital Farms stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $40.07, for a total value of $1,789,245.71. Following the completion of the sale, the chief executive officer now directly owns 537,349 shares in the company, valued at approximately $21,531,574.43. This represents a 7.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 27.60% of the company’s stock.

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.