Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) CEO Russell Diez-Canseco sold 45,124 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of $33.69, for a total value of $1,520,227.56. Following the transaction, the chief executive officer now directly owns 703,736 shares of the company's stock, valued at approximately $23,708,865.84. The trade was a 6.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Vital Farms Price Performance
VITL opened at $33.03 on Thursday. The firm has a market capitalization of $1.46 billion, a P/E ratio of 29.49 and a beta of 0.96. The stock has a fifty day moving average of $32.41 and a 200-day moving average of $35.57. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. Vital Farms, Inc. has a 12-month low of $24.75 and a 12-month high of $48.41.
Vital Farms (NASDAQ:VITL - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.08. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The firm had revenue of $165.99 million during the quarter, compared to the consensus estimate of $160.32 million. Equities analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. DA Davidson lowered their target price on Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a report on Friday, March 14th. TD Cowen lifted their price objective on shares of Vital Farms from $41.00 to $45.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Craig Hallum assumed coverage on shares of Vital Farms in a research note on Friday, December 20th. They set a "buy" rating and a $50.00 target price for the company. William Blair reaffirmed an "outperform" rating on shares of Vital Farms in a report on Friday, February 28th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $52.00 price objective on shares of Vital Farms in a research note on Thursday, March 13th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $42.00.
Read Our Latest Stock Analysis on VITL
Institutional Trading of Vital Farms
Several institutional investors have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC lifted its position in Vital Farms by 152.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock worth $35,000 after buying an additional 540 shares in the last quarter. US Bancorp DE grew its stake in Vital Farms by 160.3% in the fourth quarter. US Bancorp DE now owns 1,416 shares of the company's stock valued at $53,000 after purchasing an additional 872 shares in the last quarter. Frazier Financial Advisors LLC acquired a new position in Vital Farms in the 4th quarter worth about $59,000. Mendota Financial Group LLC acquired a new position in Vital Farms in the 4th quarter worth about $62,000. Finally, Principal Securities Inc. raised its stake in shares of Vital Farms by 29.4% during the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock worth $63,000 after purchasing an additional 380 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.
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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