Vital Farms (NASDAQ:VITL) CEO Russell Diez-Canseco Sells 16,734 Shares of Stock

Vital Farms, Inc. (NASDAQ:VITL) CEO Russell Diez-Canseco sold 16,734 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $35.05, for a total transaction of $586,526.70. Following the sale, the chief executive officer owned 649,684 shares of the company’s stock, valued at $22,771,424.20. This trade represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Russell Diez-Canseco also recently made the following trade(s):

• On Wednesday, October 8th, Russell Diez-Canseco sold 9,667 shares of Vital Farms stock. The stock was sold at an average price of $44.39, for a total transaction of $429,118.13.

Vital Farms Trading Down 0.2%

Shares of VITL stock opened at $32.72 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.65 and a quick ratio of 2.15. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 24.61 and a beta of 1.06. Vital Farms, Inc. has a 1 year low of $28.87 and a 1 year high of $53.13. The firm has a fifty day moving average price of $34.75 and a 200-day moving average price of $38.99.

Vital Farms (NASDAQ:VITL) last announced its earnings results on Tuesday, November 4th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. Vital Farms had a return on equity of 20.19% and a net margin of 8.50%.The company had revenue of $198.94 million for the quarter, compared to analysts’ expectations of $191.35 million. During the same period last year, the firm earned $0.16 EPS. Vital Farms’s revenue for the quarter was up 37.2% compared to the same quarter last year. As a group, equities analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Analysts Set New Price Targets

VITL has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price objective on shares of Vital Farms in a research note on Thursday. Zacks Research lowered shares of Vital Farms from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. BMO Capital Markets decreased their price objective on shares of Vital Farms from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Thursday. Cowen restated a “buy” rating on shares of Vital Farms in a research note on Thursday, September 18th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vital Farms in a report on Monday. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Vital Farms currently has an average rating of “Moderate Buy” and an average target price of $50.42.

Institutional Trading of Vital Farms

Several hedge funds have recently bought and sold shares of VITL. Exchange Traded Concepts LLC bought a new position in shares of Vital Farms during the 3rd quarter valued at about $28,000. Caitong International Asset Management Co. Ltd bought a new position in Vital Farms during the third quarter valued at approximately $55,000. US Bancorp DE grew its holdings in Vital Farms by 36.2% during the 1st quarter. US Bancorp DE now owns 1,929 shares of the company’s stock valued at $59,000 after buying an additional 513 shares in the last quarter. Virtus Advisers LLC bought a new stake in Vital Farms in the 3rd quarter worth approximately $105,000. Finally, Assetmark Inc. raised its holdings in shares of Vital Farms by 18.9% during the 2nd quarter. Assetmark Inc. now owns 3,153 shares of the company’s stock worth $121,000 after acquiring an additional 501 shares in the last quarter. Hedge funds and other institutional investors 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.