Vital Farms, Inc. (NASDAQ:VITL) Insider Joanne Bal Sells 28,246 Shares of 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 value of $1,273,894.60. Following the transaction, the insider now owns 59,371 shares in the company, valued at approximately $2,677,632.10. This represents a 32.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Vital Farms Price Performance

NASDAQ VITL opened at $44.39 on Thursday. The firm’s fifty day simple moving average is $37.00 and its two-hundred day simple moving average is $35.82. The firm has a market capitalization of $1.94 billion, a P/E ratio of 39.63 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, Inc. has a 12-month low of $14.37 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 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The firm had revenue of $145.00 million for the quarter, compared to the consensus estimate of $145.27 million. During the same period in the previous year, the business earned $0.10 EPS. The firm’s revenue for the quarter was up 31.3% on a year-over-year basis. Analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on VITL shares. Craig Hallum assumed coverage on shares of Vital Farms in a research report on Friday, December 20th. They set a “buy” rating and a $50.00 target price on the stock. DA Davidson lifted their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report 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 for the company in a research note on Monday, November 11th. Finally, TD Cowen increased their target price on Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Vital Farms currently has an average rating of “Moderate Buy” and an average target price of $41.67.

Institutional Trading of Vital Farms

A number of institutional investors have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. purchased a new position in shares of Vital Farms in the third quarter worth $35,000. Quarry LP increased its position in shares of Vital Farms by 180.4% in the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock valued at $60,000 after acquiring an additional 830 shares during the period. Mendota Financial Group LLC purchased a new position in Vital Farms in the 4th quarter worth $62,000. nVerses Capital LLC lifted its position in Vital Farms by 130.0% during the 3rd quarter. nVerses Capital LLC now owns 4,600 shares of the company’s stock worth $161,000 after acquiring an additional 2,600 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in Vital Farms during the 2nd quarter valued at about $168,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

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.