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 Vital Farms stock in a transaction dated 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 of the company’s stock, valued at approximately $1,944,222.24. This represents a 21.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Vital Farms Stock Up 4.3 %

NASDAQ VITL opened at $45.01 on Friday. Vital Farms, Inc. has a one year low of $14.16 and a one year high of $48.41. 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 has a fifty day moving average price of $36.05 and a 200 day moving average price of $35.88. The company has a market cap of $1.97 billion, a P/E ratio of 40.19 and a beta of 0.88.

Vital Farms (NASDAQ:VITL) last issued its earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $145.00 million during the quarter, compared to analysts’ expectations of $145.27 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The company’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. Research analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VITL. Marshall Wace LLP increased its holdings in shares of Vital Farms by 29.7% in the second 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. Renaissance Technologies LLC grew its holdings in Vital Farms by 73.0% in the 2nd quarter. Renaissance Technologies LLC now owns 784,153 shares of the company’s stock valued at $36,675,000 after buying an additional 331,000 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Vital Farms by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 749,659 shares of the company’s stock worth $26,296,000 after acquiring an additional 31,187 shares during the last quarter. Emerald Advisers LLC increased its stake in shares of Vital Farms by 106.8% in the 3rd quarter. Emerald Advisers LLC now owns 706,440 shares of the company’s stock worth $24,775,000 after acquiring an additional 364,837 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Vital Farms by 35.6% during the 3rd quarter. Principal Financial Group Inc. now owns 655,811 shares of the company’s stock valued at $22,999,000 after acquiring an additional 172,249 shares during the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on VITL shares. TD Cowen raised their price objective on 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 dropped their price target on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. DA Davidson boosted their price target on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Craig Hallum assumed coverage on shares of Vital Farms in a report on Friday, December 20th. They set a “buy” rating and a $50.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.