Vital Farms, Inc. (NASDAQ:VITL) Insider Sells $1,273,894.60 in Stock

Vital Farms, Inc. (NASDAQ:VITL) insider Joanne Bal sold 28,246 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $45.10, for a total transaction of $1,273,894.60. Following the transaction, the insider now directly owns 59,371 shares of the company’s stock, valued at $2,677,632.10. The trade was a 32.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Vital Farms Price Performance

VITL stock opened at $45.12 on Friday. Vital Farms, Inc. has a 12 month low of $14.37 and a 12 month high of $48.41. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $37.33 and a 200 day moving average price of $35.88. The stock has a market cap of $1.98 billion, a PE ratio of 40.29 and a beta of 0.88.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The firm had revenue of $145.00 million during the quarter, compared to analysts’ expectations of $145.27 million. During the same period in the previous year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 31.3% compared to the same quarter last year. Equities research analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Institutional Investors Weigh In On Vital Farms

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lifestyle Asset Management Inc. lifted its holdings in Vital Farms by 5.1% during the 4th quarter. Lifestyle Asset Management Inc. now owns 10,345 shares of the company’s stock valued at $390,000 after buying an additional 499 shares in the last quarter. Dakota Wealth Management lifted its holdings in Vital Farms by 26.8% during the 4th quarter. Dakota Wealth Management now owns 7,250 shares of the company’s stock valued at $273,000 after buying an additional 1,534 shares in the last quarter. Foresight Group Ltd Liability Partnership lifted its holdings in Vital Farms by 16.7% during the 4th quarter. Foresight Group Ltd Liability Partnership now owns 18,286 shares of the company’s stock valued at $679,000 after buying an additional 2,621 shares in the last quarter. Mendota Financial Group LLC bought a new stake in Vital Farms during the 4th quarter valued at about $62,000. Finally, Clean Yield Group lifted its holdings in Vital Farms by 91.8% during the 4th quarter. Clean Yield Group now owns 57,957 shares of the company’s stock valued at $2,184,000 after buying an additional 27,733 shares in the last quarter. Institutional investors own 98.59% of the company’s stock.

Analysts Set New Price Targets

VITL has been the subject of a number of recent research reports. Jefferies Financial Group dropped their price objective on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, November 11th. TD Cowen lifted their price objective on shares of 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 lifted their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Craig Hallum initiated coverage on shares of Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 price objective for the company. One equities research 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 presently has a consensus rating of “Moderate Buy” and an average target price of $41.67.

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.