Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) CEO Russell Diez-Canseco sold 44,653 shares of the firm's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $40.07, for a total value of $1,789,245.71. Following the completion of the sale, the chief executive officer now directly owns 537,349 shares in the company, valued at $21,531,574.43. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Vital Farms Stock Up 2.3 %
Shares of NASDAQ:VITL opened at $40.91 on Thursday. The business's 50-day moving average is $33.43 and its 200-day moving average is $35.34. Vital Farms, Inc. has a 1 year low of $10.41 and a 1 year high of $48.41. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 38.59 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.50 and a quick ratio of 3.03.
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Vital Farms (NASDAQ:VITL - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.16. Vital Farms had a net margin of 8.70% and a return on equity of 22.77%. The firm had revenue of $147.39 million for the quarter, compared to analyst estimates of $138.41 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The business's quarterly revenue was up 38.5% compared to the same quarter last year. Equities research analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current year.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. TD Cowen raised shares of Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price objective for the company in a research note on Friday, August 9th. Stifel Nicolaus reduced their price objective on Vital Farms from $42.00 to $34.00 and set a "hold" rating on the stock in a research report on Friday, August 9th. Finally, DA Davidson increased their target price on Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $35.20.
Get Our Latest Research Report on VITL
Hedge Funds Weigh In On Vital Farms
Hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its holdings in shares of Vital Farms by 8.6% in the second quarter. Van ECK Associates Corp now owns 4,095 shares of the company's stock valued at $192,000 after purchasing an additional 323 shares in the last quarter. CWM LLC grew its holdings in Vital Farms by 162.9% during the second quarter. CWM LLC now owns 1,057 shares of the company's stock worth $49,000 after buying an additional 655 shares in the last quarter. nVerses Capital LLC raised its position in Vital Farms by 66.7% in the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company's stock valued at $94,000 after buying an additional 800 shares during the last quarter. Quarry LP lifted its stake 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 in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in Vital Farms during the 2nd quarter worth $42,000. Institutional investors and hedge funds own 98.59% of the company's stock.
About Vital Farms
(
Get Free Report)
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.
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