Vital Farms, Inc. (NASDAQ:VITL) CEO Russell Diez-Canseco Sells 44,628 Shares

Vital Farms, Inc. (NASDAQ:VITL) CEO Russell Diez-Canseco sold 44,628 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $42.24, for a total value of $1,885,086.72. Following the sale, the chief executive officer now owns 668,202 shares of the company’s stock, valued at $28,224,852.48. This represents a 6.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 Trading Up 1.4 %

NASDAQ:VITL opened at $42.67 on Thursday. The company has a 50-day moving average price of $35.42 and a 200-day moving average price of $35.78. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 38.10 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 $14.16 and a 12 month high of $48.41.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $145.27 million. During the same period last year, the business posted $0.10 earnings per share. Vital Farms’s quarterly revenue was up 31.3% compared to the same quarter last year. Equities analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current year.

Institutional Investors Weigh In On Vital Farms

Hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new stake in shares of Vital Farms during the 3rd quarter valued at $35,000. Quarry LP lifted its position in Vital Farms by 180.4% during 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 bought a new stake in Vital Farms during the fourth quarter worth about $62,000. Quest Partners LLC purchased a new stake in Vital Farms in the second quarter worth about $97,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Vital Farms in the second quarter worth about $168,000. 98.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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