Vital Farms, Inc. (NASDAQ:VITL) CMO Kathryn Mckeon Sells 12,300 Shares

Vital Farms, Inc. (NASDAQ:VITL) CMO Kathryn Mckeon sold 12,300 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $42.08, for a total value of $517,584.00. Following the completion of the transaction, the chief marketing officer now owns 46,203 shares in the company, valued at $1,944,222.24. This represents a 21.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Vital Farms Stock Performance

Shares of Vital Farms stock opened at $45.01 on Friday. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 40.19 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The business has a 50-day moving average of $36.05 and a 200 day moving average of $35.88. Vital Farms, Inc. has a 12 month low of $14.16 and a 12 month high of $48.41.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $145.00 million during the quarter, compared to analyst estimates of $145.27 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The business’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 earnings per share. As a group, sell-side analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on VITL shares. Craig Hallum initiated coverage on Vital Farms in a research report on Friday, December 20th. They issued a “buy” rating and a $50.00 target price on the stock. TD Cowen boosted their price objective on shares of Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Jefferies Financial Group lowered their target price on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Finally, DA Davidson lifted their price target on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $41.67.

Hedge Funds Weigh In On Vital Farms

Several institutional investors have recently modified their holdings of VITL. Brown Brothers Harriman & Co. purchased a new position in Vital Farms in the third quarter valued at $35,000. Quarry LP raised its position in Vital Farms by 180.4% in the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock valued at $60,000 after purchasing an additional 830 shares in the last quarter. Mendota Financial Group LLC purchased a new position in shares of Vital Farms in the 4th quarter valued at about $62,000. Quest Partners LLC acquired a new position in shares of Vital Farms during the second quarter worth about $97,000. Finally, nVerses Capital LLC increased its stake in shares of Vital Farms by 130.0% during the third quarter. nVerses Capital LLC now owns 4,600 shares of the company’s stock worth $161,000 after buying an additional 2,600 shares during the period. Institutional investors and hedge funds own 98.59% of the company’s stock.

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.