Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) CEO Russell Diez-Canseco sold 44,728 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 613,797 shares in the company, valued at approximately $23,115,595.02. This represents a 6.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $40.07, for a total transaction of $1,789,245.71.
Vital Farms Stock Performance
NASDAQ VITL opened at $38.85 on Tuesday. Vital Farms, Inc. has a fifty-two week low of $14.14 and a fifty-two week high of $48.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. The firm has a market capitalization of $1.70 billion, a P/E ratio of 34.69 and a beta of 0.93. The stock has a 50-day simple moving average of $34.88 and a two-hundred day simple moving average of $36.38.
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Vital Farms (NASDAQ:VITL - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.16 earnings per share for the quarter, beating 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 company had revenue of $145.00 million during the quarter, compared to analysts' expectations of $145.27 million. During the same period last year, the business earned $0.10 earnings per share. Vital Farms's quarterly revenue was up 31.3% on a year-over-year basis. On average, equities analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current year.
Institutional Trading of Vital Farms
A number of hedge funds have recently added to or reduced their stakes in VITL. Marshall Wace LLP increased its holdings in Vital Farms by 29.7% in the second quarter. Marshall Wace LLP now owns 937,755 shares of the company's stock valued at $43,859,000 after buying an additional 214,839 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Vital Farms by 73.0% in the 2nd quarter. Renaissance Technologies LLC now owns 784,153 shares of the company's stock valued at $36,675,000 after purchasing an additional 331,000 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Vital Farms by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 749,659 shares of the company's stock valued at $26,296,000 after purchasing an additional 31,187 shares in the last quarter. Emerald Advisers LLC raised its holdings in Vital Farms by 106.8% in the 3rd quarter. Emerald Advisers LLC now owns 706,440 shares of the company's stock worth $24,775,000 after purchasing an additional 364,837 shares during the period. Finally, Acadian Asset Management LLC boosted its position in Vital Farms by 73.6% during the second quarter. Acadian Asset Management LLC now owns 679,504 shares of the company's stock worth $31,766,000 after purchasing an additional 288,039 shares in the last quarter. 98.59% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
VITL has been the subject of a number of research analyst reports. DA Davidson raised their target price on Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. TD Cowen decreased their target price on Vital Farms from $46.00 to $41.00 and set a "buy" rating for the company in a report on Friday, November 8th. Finally, Jefferies Financial Group cut their price target on shares of Vital Farms from $45.00 to $41.00 and set a "buy" rating on the stock in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $39.20.
Check Out Our Latest Stock Report on VITL
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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