Vital Farms, Inc. (NASDAQ:VITL) CMO Kathryn Mckeon Sells 12,300 Shares

Vital Farms, Inc. (NASDAQ:VITL) CMO Kathryn Mckeon sold 12,300 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $44.05, for a total transaction of $541,815.00. Following the sale, the chief marketing officer now owns 46,203 shares in the company, valued at $2,035,242.15. The trade was a 21.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kathryn Mckeon also recently made the following trade(s):

• On Monday, January 13th, Kathryn Mckeon sold 12,300 shares of Vital Farms stock. The stock was sold at an average price of $42.08, for a total transaction of $517,584.00.

Vital Farms Price Performance

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

Vital Farms (NASDAQ:VITL) last posted its earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The business had revenue of $145.00 million for the quarter, compared to the consensus estimate of $145.27 million. During the same period last year, the company earned $0.10 EPS. The firm’s revenue was up 31.3% compared to the same quarter last year. Analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current year.

Institutional Trading of Vital Farms

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lifestyle Asset Management Inc. grew its position in shares of Vital Farms by 5.1% in 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 during the last quarter. Dakota Wealth Management boosted its holdings in Vital Farms by 26.8% in the fourth quarter. Dakota Wealth Management now owns 7,250 shares of the company’s stock valued at $273,000 after acquiring an additional 1,534 shares during the last quarter. Foresight Group Ltd Liability Partnership increased its position 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 purchasing an additional 2,621 shares during the period. Mendota Financial Group LLC bought a new position in Vital Farms during the 4th quarter worth approximately $62,000. Finally, Clean Yield Group raised 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 worth $2,184,000 after purchasing an additional 27,733 shares during the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on VITL shares. Jefferies Financial Group lowered 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 report on Monday, November 11th. Craig Hallum started coverage on Vital Farms in a research report on Friday, December 20th. They set a “buy” rating and a $50.00 price objective for the company. DA Davidson raised their price objective on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, TD Cowen boosted their target price on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.67.

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.