OneAscent Wealth Management LLC acquired a new stake in shares of Vital Farms, Inc. (NASDAQ:VITL – Get Rating) during the 1st quarter, Holdings Channel reports. The fund acquired 16,769 shares of the company's stock, valued at approximately $207,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Prospera Financial Services Inc purchased a new position in shares of Vital Farms during the first quarter valued at approximately $65,000. GSA Capital Partners LLP purchased a new position in Vital Farms during the first quarter worth approximately $143,000. OneAscent Financial Services LLC raised its stake in Vital Farms by 7.7% during the first quarter. OneAscent Financial Services LLC now owns 13,913 shares of the company's stock worth $172,000 after purchasing an additional 994 shares during the period. OLD National Bancorp IN raised its stake in Vital Farms by 5.8% during the first quarter. OLD National Bancorp IN now owns 17,280 shares of the company's stock worth $214,000 after purchasing an additional 949 shares during the period. Finally, Titleist Asset Management LTD. purchased a new position in Vital Farms during the first quarter worth approximately $254,000. Hedge funds and other institutional investors own 63.49% of the company's stock.
Get Vital Farms alerts:Vital Farms Price Performance
Shares of VITL stock opened at $13.21 on Wednesday. The company's fifty day simple moving average is $11.21 and its 200-day simple moving average is $11.60. Vital Farms, Inc. has a 52 week low of $7.89 and a 52 week high of $20.17.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. BMO Capital Markets cut their price target on shares of Vital Farms from $20.00 to $15.00 in a research note on Friday, May 6th. Morgan Stanley raised shares of Vital Farms from an "equal weight" rating to an "overweight" rating and set a $12.00 price target on the stock in a research note on Wednesday, July 20th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $16.30.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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- Get a free copy of the StockNews.com research report on Vital Farms (VITL)
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