Vital Farms, Inc. (NASDAQ:VITL) CEO Sells $1,684,456.48 in Stock

Vital Farms, Inc. (NASDAQ:VITL) CEO Russell Diez-Canseco sold 44,728 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $37.66, for a total transaction of $1,684,456.48. Following the completion of the sale, the chief executive officer now directly owns 613,797 shares in the company, valued at $23,115,595.02. This represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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 shares were sold at an average price of $40.07, for a total transaction of $1,789,245.71.

Vital Farms Trading Down 4.1 %

NASDAQ VITL opened at $37.23 on Thursday. The firm has a market cap of $1.63 billion, a PE ratio of 33.24 and a beta of 0.93. Vital Farms, Inc. has a 1-year low of $14.16 and a 1-year high of $48.41. The stock has a 50-day moving average of $34.84 and a 200-day moving average of $36.37. 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 (NASDAQ:VITL) last announced its quarterly earnings data 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 firm had revenue of $145.00 million during the quarter, compared to the consensus estimate of $145.27 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The business’s revenue was up 31.3% on a year-over-year basis. As a group, sell-side analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current year.

Institutional Investors Weigh In On Vital Farms

A number of large investors have recently added to or reduced their stakes in VITL. 1620 Investment Advisors Inc. bought a new position in shares of Vital Farms during the second quarter valued at about $42,000. Brown Brothers Harriman & Co. bought a new position in Vital Farms during the 3rd quarter valued at approximately $35,000. CWM LLC lifted its holdings in Vital Farms by 162.9% in the 2nd quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $49,000 after buying an additional 655 shares during the period. Quarry LP lifted its holdings in Vital Farms by 180.4% in the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after buying an additional 830 shares during the period. Finally, nVerses Capital LLC grew its position in shares of Vital Farms by 66.7% in the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock worth $94,000 after buying an additional 800 shares during the last quarter. Institutional investors own 98.59% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. TD Cowen reduced their target price on Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. DA Davidson boosted their target price on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group reduced their price target on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Vital Farms currently has an average rating of “Moderate Buy” and an average price target of $39.20.

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.