Vital Farms, Inc. (NASDAQ:VITL) CEO Sells $1,684,456.48 in Stock

Vital Farms, Inc. (NASDAQ:VITL) CEO Russell Diez-Canseco sold 44,728 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $37.66, for a total transaction of $1,684,456.48. Following the transaction, the chief executive officer now owns 613,797 shares in the company, valued at approximately $23,115,595.02. The trade was a 6.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, October 14th, Russell Diez-Canseco sold 44,653 shares of Vital Farms stock. The shares were sold at an average price of $40.07, for a total value of $1,789,245.71.

Vital Farms Trading Up 3.4 %

Shares of VITL traded up $1.29 during trading hours on Monday, reaching $38.86. 760,035 shares of the company traded hands, compared to its average volume of 814,940. The company’s fifty day moving average price is $34.85 and its two-hundred day moving average price is $36.41. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 33.54 and a beta of 0.93. Vital Farms, Inc. has a 12 month low of $14.14 and a 12 month high of $48.41.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. purchased a new stake in Vital Farms during the 3rd quarter valued at $35,000. 1620 Investment Advisors Inc. bought a new stake in shares of Vital Farms during the second quarter valued at approximately $42,000. CWM LLC lifted its stake in Vital Farms by 162.9% in the 2nd quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $49,000 after purchasing an additional 655 shares in the last quarter. Quarry LP lifted its position in shares of Vital Farms by 180.4% in the second quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after buying an additional 830 shares in the last quarter. Finally, nVerses Capital LLC boosted its position in shares of Vital Farms by 66.7% during the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock valued at $94,000 after acquiring an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. TD Cowen decreased their price objective on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, November 8th. DA Davidson lifted their price target on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group decreased their price target on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Vital Farms currently has an average rating of “Moderate Buy” and a consensus target price of $39.20.

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.