Federated Hermes Inc. Reduces Stock Position in Vital Farms, Inc. (NASDAQ:VITL)

Federated Hermes Inc. lessened its position in shares of Vital Farms, Inc. (NASDAQ:VITL – Free Report) by 28.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 681,416 shares of the company’s stock after selling 269,387 shares during the quarter. Federated Hermes Inc. owned 1.67% of Vital Farms worth $10,426,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new position in shares of Vital Farms in the 4th quarter valued at about $52,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Vital Farms by 23.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,363 shares of the company’s stock valued at $80,000 after buying an additional 1,020 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Vital Farms in the 1st quarter valued at about $93,000. State of Wyoming acquired a new position in shares of Vital Farms in the 4th quarter valued at about $97,000. Finally, Legal & General Group Plc lifted its holdings in shares of Vital Farms by 22.3% in the 2nd quarter. Legal & General Group Plc now owns 7,842 shares of the company’s stock valued at $69,000 after buying an additional 1,432 shares during the period. Hedge funds and other institutional investors own 62.16% of the company’s stock.

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Vital Farms Stock Performance

NASDAQ VITL opened at $12.01 on Friday. The stock has a market capitalization of $495.29 million, a price-to-earnings ratio of 32.46 and a beta of 0.60. Vital Farms, Inc. has a twelve month low of $10.00 and a twelve month high of $18.18. The company has a current ratio of 3.32, a quick ratio of 2.51 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average of $12.18 and a 200 day moving average of $14.03.

Analyst Upgrades and Downgrades

Separately, TheStreet raised Vital Farms from a “d” rating to a “c” rating in a report on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.17.

Check Out Our Latest Analysis on Vital Farms

Vital Farms Profile

(Free Report)

Vital Farms, Inc, a food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, ghee, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.

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