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

Vital Farms, Inc. (NASDAQ:VITL) CEO Russell Diez-Canseco sold 44,628 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $42.24, for a total value of $1,885,086.72. Following the sale, the chief executive officer now directly owns 668,202 shares in the company, valued at $28,224,852.48. The trade was a 6.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 stock was sold at an average price of $37.66, for a total value of $1,684,456.48.

Vital Farms Stock Performance

VITL opened at $43.14 on Friday. Vital Farms, Inc. has a 52-week low of $14.16 and a 52-week high of $48.41. The firm has a market capitalization of $1.89 billion, a PE ratio of 38.52 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. The business’s 50-day simple moving average is $35.54 and its 200 day simple moving average is $35.83.

Vital Farms (NASDAQ:VITL) last released its earnings results 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 return on equity of 22.29% and a net margin of 8.68%. The business had revenue of $145.00 million for the quarter, compared to analyst estimates of $145.27 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. Vital Farms’s revenue was up 31.3% on a year-over-year basis. As a group, sell-side analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vital Farms

A number of institutional investors have recently bought and sold shares of the business. Marshall Wace LLP increased its position in Vital Farms by 29.7% during the second quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock worth $43,859,000 after buying an additional 214,839 shares during the last quarter. Renaissance Technologies LLC increased its position in Vital Farms by 73.0% during the second quarter. Renaissance Technologies LLC now owns 784,153 shares of the company’s stock worth $36,675,000 after buying an additional 331,000 shares during the last quarter. Geode Capital Management LLC increased its position in Vital Farms by 4.3% during the third quarter. Geode Capital Management LLC now owns 749,659 shares of the company’s stock worth $26,296,000 after buying an additional 31,187 shares during the last quarter. Emerald Advisers LLC grew its position in shares of Vital Farms by 106.8% in the third quarter. Emerald Advisers LLC now owns 706,440 shares of the company’s stock valued at $24,775,000 after purchasing an additional 364,837 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Vital Farms by 35.6% in the third quarter. Principal Financial Group Inc. now owns 655,811 shares of the company’s stock valued at $22,999,000 after purchasing an additional 172,249 shares during the last quarter. Institutional investors and hedge funds own 98.59% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on VITL shares. Craig Hallum started coverage on Vital Farms in a report on Friday, December 20th. They issued a “buy” rating and a $50.00 price target on the stock. TD Cowen boosted their price target on Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. DA Davidson boosted 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. Finally, Jefferies Financial Group cut their price target on Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Vital Farms presently has an average rating of “Moderate Buy” and an average target price of $41.67.

Vital Farms Company Profile

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.