XTX Topco Ltd Has $1.04 Million Stock Holdings in Vital Farms, Inc. (NASDAQ:VITL)

XTX Topco Ltd grew its stake in shares of Vital Farms, Inc. (NASDAQ:VITL) by 375.8% in the 4th quarter, HoldingsChannel reports. The firm owned 27,556 shares of the company’s stock after acquiring an additional 21,765 shares during the quarter. XTX Topco Ltd’s holdings in Vital Farms were worth $1,039,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VITL. Principal Securities Inc. lifted its stake in Vital Farms by 29.4% during the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company’s stock valued at $63,000 after buying an additional 380 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Vital Farms by 15.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,487 shares of the company’s stock valued at $131,000 after acquiring an additional 475 shares in the last quarter. Lifestyle Asset Management Inc. boosted its stake in Vital Farms by 5.1% in the 4th quarter. Lifestyle Asset Management Inc. now owns 10,345 shares of the company’s stock worth $390,000 after purchasing an additional 499 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Vital Farms by 152.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock worth $35,000 after purchasing an additional 540 shares during the period. Finally, US Bancorp DE grew its position in Vital Farms by 160.3% during the 4th quarter. US Bancorp DE now owns 1,416 shares of the company’s stock worth $53,000 after purchasing an additional 872 shares in the last quarter. Institutional investors and hedge funds own 98.59% of the company’s stock.

Insider Activity at Vital Farms

In other Vital Farms news, CMO Kathryn Mckeon sold 12,300 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $44.05, for a total transaction of $541,815.00. Following the transaction, the chief marketing officer now owns 46,203 shares in the company, valued at $2,035,242.15. This trade represents a 21.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joanne Bal sold 28,246 shares of Vital Farms stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $45.10, for a total transaction of $1,273,894.60. Following the completion of the transaction, the insider now directly owns 59,371 shares in the company, valued at approximately $2,677,632.10. This represents a 32.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 88,546 shares of company stock valued at $3,567,030. Insiders own 27.60% of the company’s stock.

Vital Farms Stock Up 0.4 %

Shares of Vital Farms stock opened at $33.75 on Wednesday. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 30.13 and a beta of 0.96. The stock has a 50-day simple moving average of $32.47 and a 200-day simple moving average of $35.59. Vital Farms, Inc. has a 52-week low of $24.52 and a 52-week high of $48.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81.

Vital Farms (NASDAQ:VITL) last posted its earnings results on Thursday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. The firm had revenue of $165.99 million during the quarter, compared to analysts’ expectations of $160.32 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. On average, equities research analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VITL has been the subject of a number of research analyst reports. Stifel Nicolaus upgraded Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Friday, February 28th. Craig Hallum started coverage on Vital Farms in a research report on Friday, December 20th. They set a “buy” rating and a $50.00 price objective for the company. DA Davidson lowered their target price on Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Morgan Stanley initiated coverage on shares of Vital Farms in a research report on Monday, March 24th. They issued an “overweight” rating and a $30.00 price target for the company. Finally, William Blair restated an “outperform” rating on shares of Vital Farms in a report on Friday, February 28th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Vital Farms currently has a consensus rating of “Buy” and a consensus price target of $42.00.

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.