Deutsche Bank AG Purchases 9,229 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Deutsche Bank AG raised its position in shares of Vital Farms, Inc. (NASDAQ:VITL) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 250,204 shares of the company’s stock after acquiring an additional 9,229 shares during the period. Deutsche Bank AG’s holdings in Vital Farms were worth $9,430,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in VITL. CIBC Private Wealth Group LLC boosted 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 acquiring an additional 540 shares during the period. US Bancorp DE boosted its stake in shares of Vital Farms by 160.3% in the fourth quarter. US Bancorp DE now owns 1,416 shares of the company’s stock valued at $53,000 after buying an additional 872 shares during the period. Frazier Financial Advisors LLC bought a new stake in shares of Vital Farms in the fourth quarter valued at approximately $59,000. Principal Securities Inc. boosted its stake in shares of Vital Farms by 29.4% in 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 during the period. Finally, Rothschild Investment LLC boosted its stake in shares of Vital Farms by 191.2% in the fourth quarter. Rothschild Investment LLC now owns 1,814 shares of the company’s stock valued at $68,000 after buying an additional 1,191 shares during the period. Institutional investors own 98.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $52.00 price target on shares of Vital Farms in a research note on Monday, May 5th. DA Davidson cut their price target on Vital Farms from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, March 14th. BMO Capital Markets upgraded Vital Farms to a “strong-buy” rating in a research note on Tuesday, May 6th. William Blair reiterated an “outperform” rating on shares of Vital Farms in a research note on Friday, February 28th. Finally, 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 research note on Friday, February 28th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $44.63.

Insider Activity

In other news, insider Matthew Ohayer sold 20,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $29.46, for a total value of $589,200.00. Following the completion of the transaction, the insider now directly owns 6,970,890 shares in the company, valued at approximately $205,362,419.40. This represents a 0.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Russell Diez-Canseco sold 45,124 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of $33.69, for a total value of $1,520,227.56. Following the completion of the transaction, the chief executive officer now owns 703,736 shares of the company’s stock, valued at $23,708,865.84. The trade was a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,124 shares of company stock worth $3,019,308. Insiders own 27.60% of the company’s stock.

Vital Farms Stock Up 4.5%

NASDAQ VITL opened at $35.80 on Friday. The business has a fifty day moving average price of $32.79 and a two-hundred day moving average price of $35.03. 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, Inc. has a fifty-two week low of $27.91 and a fifty-two week high of $48.41. The stock has a market capitalization of $1.59 billion, a PE ratio of 31.96 and a beta of 0.94.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The company had revenue of $162.19 million during the quarter, compared to analysts’ expectations of $164.43 million. During the same period in the prior year, the company earned $0.43 EPS. Vital Farms’s revenue was up 9.7% compared to the same quarter last year. Equities analysts expect 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.