Vital Farms, Inc. (NASDAQ:VITL) CEO Russell Diez-Canseco Sells 44,628 Shares

Vital Farms, Inc. (NASDAQ:VITL) CEO Russell Diez-Canseco sold 44,628 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $42.24, for a total value of $1,885,086.72. Following the transaction, the chief executive officer now directly owns 668,202 shares of the company’s stock, valued at $28,224,852.48. This trade represents a 6.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, December 12th, Russell Diez-Canseco sold 44,728 shares of Vital Farms stock. The shares were sold at an average price of $37.66, for a total value of $1,684,456.48.

Vital Farms Price Performance

VITL stock traded up $0.59 during trading hours on Wednesday, hitting $42.67. 935,169 shares of the stock traded hands, compared to its average volume of 1,021,458. The stock has a 50-day simple moving average of $35.42 and a 200 day simple moving average of $35.78. The company has a market cap of $1.87 billion, a P/E ratio of 38.10 and a beta of 0.88. Vital Farms, Inc. has a one year low of $14.16 and a one year high of $48.41. 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 (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The company had revenue of $145.00 million for the quarter, compared to analysts’ expectations of $145.27 million. During the same quarter in the previous year, the company posted $0.10 EPS. The business’s revenue was up 31.3% compared to the same quarter last year. Equities analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Hedge Funds Weigh In On Vital Farms

A number of institutional investors have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. raised its stake in Vital Farms by 4.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 7,857 shares of the company’s stock valued at $276,000 after purchasing an additional 329 shares during the period. Lifestyle Asset Management Inc. grew its holdings in shares of Vital Farms by 6.5% during the third quarter. Lifestyle Asset Management Inc. now owns 9,846 shares of the company’s stock valued at $345,000 after buying an additional 598 shares in the last quarter. Quarry LP grew its holdings in shares of Vital Farms by 180.4% during the second quarter. Quarry LP now owns 1,290 shares of the company’s stock valued at $60,000 after buying an additional 830 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in Vital Farms during the third quarter valued at $35,000. Finally, Mendota Financial Group LLC purchased a new stake in Vital Farms in the 4th quarter worth about $62,000. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Analyst Upgrades and Downgrades

VITL has been the topic of several analyst reports. Jefferies Financial Group lowered their target price on Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. DA Davidson raised their price target on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 10th. TD Cowen upped their price objective on shares of Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, Craig Hallum initiated 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 on the stock. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Vital Farms currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.67.

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.