Principal Financial Group Inc. increased its stake in Vital Farms, Inc. (NASDAQ:VITL – Get Rating) by 8.4% in the first quarter, Holdings Channel reports. The firm owned 905,454 shares of the company's stock after purchasing an additional 69,896 shares during the period. Principal Financial Group Inc.'s holdings in Vital Farms were worth $11,192,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Alliancebernstein L.P. lifted its stake in Vital Farms by 4.3% during the 4th quarter. Alliancebernstein L.P. now owns 2,219,151 shares of the company's stock valued at $40,078,000 after acquiring an additional 91,525 shares during the period. Cooper Creek Partners Management LLC lifted its stake in Vital Farms by 90.3% during the 4th quarter. Cooper Creek Partners Management LLC now owns 914,939 shares of the company's stock valued at $16,524,000 after acquiring an additional 434,277 shares during the period. Granite Investment Partners LLC lifted its stake in Vital Farms by 4.4% during the 1st quarter. Granite Investment Partners LLC now owns 495,394 shares of the company's stock valued at $6,123,000 after acquiring an additional 21,104 shares during the period. Northern Trust Corp lifted its stake in Vital Farms by 2.4% during the 4th quarter. Northern Trust Corp now owns 237,227 shares of the company's stock valued at $4,284,000 after acquiring an additional 5,461 shares during the period. Finally, Schroder Investment Management Group acquired a new stake in Vital Farms during the 4th quarter valued at approximately $3,619,000. 73.14% of the stock is currently owned by institutional investors and hedge funds.
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Wall Street Analyst Weigh In
Several brokerages have commented on VITL. Morgan Stanley upgraded shares of Vital Farms from an "equal weight" rating to an "overweight" rating and set a $12.00 price objective for the company in a research note on Wednesday, July 20th. BMO Capital Markets decreased their target price on shares of Vital Farms from $20.00 to $15.00 in a research note on Friday, May 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Vital Farms presently has a consensus rating of "Hold" and an average target price of $16.30.
Vital Farms Stock Performance
Shares of NASDAQ VITL opened at $13.39 on Wednesday. The firm has a market cap of $544.71 million, a PE ratio of -83.69 and a beta of 0.77. The firm has a fifty day moving average of $10.79 and a 200 day moving average of $11.68. Vital Farms, Inc. has a one year low of $7.89 and a one year high of $20.17.
Vital Farms Profile
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Vital Farms, Inc, an ethical food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, ghee, liquid whole eggs, and egg bite products. Vital Farms, Inc was founded in 2007 and is headquartered in Austin, Texas.
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