Vital Farms, Inc. (NASDAQ:VITL) CEO Sells $1,885,086.72 in Stock

Vital Farms, Inc. (NASDAQ:VITL) CEO Russell Diez-Canseco sold 44,628 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $42.24, for a total transaction of $1,885,086.72. Following the sale, the chief executive officer now owns 668,202 shares in the company, valued at approximately $28,224,852.48. The trade was a 6.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Russell Diez-Canseco also recently made the following trade(s):

• On Thursday, December 12th, Russell Diez-Canseco sold 44,728 shares of Vital Farms stock. The stock was sold at an average price of $37.66, for a total value of $1,684,456.48.

Vital Farms Stock Performance

Vital Farms stock opened at $45.01 on Friday. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. Vital Farms, Inc. has a twelve month low of $14.16 and a twelve month high of $48.41. The company’s 50-day moving average price is $36.05 and its 200-day moving average price is $35.88. The company has a market cap of $1.97 billion, a PE ratio of 40.19 and a beta of 0.88.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $145.00 million for the quarter, compared to the consensus estimate of $145.27 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The company’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 earnings per share. On average, equities research analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on VITL shares. TD Cowen upped their price objective on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. DA Davidson upped their price target on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Jefferies Financial Group reduced their price objective on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Finally, Craig Hallum assumed coverage on shares of Vital Farms in a research note on Friday, December 20th. They set a “buy” rating and a $50.00 target price for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.67.

Institutional Trading of Vital Farms

A number of institutional investors have recently bought and sold shares of VITL. Marshall Wace LLP raised its stake in shares of Vital Farms by 29.7% in the second quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock valued at $43,859,000 after acquiring an additional 214,839 shares during the period. Renaissance Technologies LLC grew its holdings in Vital Farms by 73.0% during the 2nd quarter. Renaissance Technologies LLC now owns 784,153 shares of the company’s stock valued at $36,675,000 after purchasing an additional 331,000 shares during the last quarter. Geode Capital Management LLC raised its position in Vital Farms by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 749,659 shares of the company’s stock worth $26,296,000 after purchasing an additional 31,187 shares during the period. Emerald Advisers LLC lifted its stake in Vital Farms by 106.8% in the third quarter. Emerald Advisers LLC now owns 706,440 shares of the company’s stock worth $24,775,000 after purchasing an additional 364,837 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Vital Farms by 35.6% during the third quarter. Principal Financial Group Inc. now owns 655,811 shares of the company’s stock valued at $22,999,000 after buying an additional 172,249 shares during the period. 98.59% of the stock is currently owned by institutional investors.

Vital Farms Company Profile

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.