Vital Farms, Inc. (NASDAQ:VITL) CMO Sells $517,584.00 in Stock

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

Vital Farms Stock Performance

NASDAQ:VITL opened at $43.14 on Friday. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 38.52 and a beta of 0.88. Vital Farms, Inc. has a 1 year low of $14.16 and a 1 year high of $48.41. The stock’s 50 day simple moving average is $35.54 and its two-hundred day simple moving average is $35.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.16 earnings per share 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 business posted $0.10 earnings per share. Vital Farms’s quarterly revenue was up 31.3% on a year-over-year basis. As a group, equities analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. TD Cowen upped their price objective on 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 started coverage on Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 price target for the company. DA Davidson increased their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group lowered their target price on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, November 11th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $41.67.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Nordea Investment Management AB purchased a new stake in Vital Farms during the fourth quarter valued at approximately $2,765,000. Marshall Wace LLP increased its position in shares of Vital Farms by 29.7% during the 2nd quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock valued at $43,859,000 after purchasing an additional 214,839 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Vital Farms by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 253,434 shares of the company’s stock valued at $8,888,000 after purchasing an additional 14,426 shares during the last quarter. Franklin Resources Inc. raised its holdings in Vital Farms by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 372,583 shares of the company’s stock valued at $13,066,000 after buying an additional 34,412 shares during the period. Finally, Quest Partners LLC lifted its position in Vital Farms by 882.6% in the third quarter. Quest Partners LLC now owns 20,320 shares of the company’s stock worth $713,000 after buying an additional 18,252 shares during the last quarter. 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.