Kathryn Mckeon Sells 12,300 Shares of Vital Farms, Inc. (NASDAQ:VITL) Stock

Vital Farms, Inc. (NASDAQ:VITL) CMO Kathryn Mckeon sold 12,300 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $44.05, for a total transaction of $541,815.00. Following the sale, the chief marketing officer now directly owns 46,203 shares in the company, valued at $2,035,242.15. This trade represents a 21.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Kathryn Mckeon also recently made the following trade(s):

• On Monday, January 13th, Kathryn Mckeon sold 12,300 shares of Vital Farms stock. The shares were sold at an average price of $42.08, for a total value of $517,584.00.

Vital Farms Stock Performance

NASDAQ VITL opened at $45.12 on Friday. The stock has a market cap of $1.98 billion, a PE ratio of 40.29 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 firm has a 50-day moving average of $37.33 and a 200-day moving average of $35.88. Vital Farms, Inc. has a 52-week low of $14.37 and a 52-week high of $48.41.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on VITL shares. Jefferies Financial Group decreased their price target on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, November 11th. TD Cowen raised their target price on shares of Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Craig Hallum assumed coverage on shares of Vital Farms in a research report on Friday, December 20th. They set a “buy” rating and a $50.00 price target on the stock. Finally, DA Davidson lifted their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vital Farms presently has a consensus rating of “Moderate Buy” and an average price target of $41.67.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in VITL. American Century Companies Inc. grew its stake in shares of Vital Farms by 190.8% in the second quarter. American Century Companies Inc. now owns 51,761 shares of the company’s stock valued at $2,421,000 after acquiring an additional 33,960 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Vital Farms during the 2nd quarter worth approximately $168,000. Sei Investments Co. increased its holdings in shares of Vital Farms by 242.4% during the second quarter. Sei Investments Co. now owns 88,037 shares of the company’s stock worth $4,117,000 after purchasing an additional 62,325 shares during the period. Marshall Wace LLP raised its position 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 buying an additional 214,839 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of Vital Farms by 230.8% in the second quarter. Squarepoint Ops LLC now owns 230,940 shares of the company’s stock valued at $10,801,000 after buying an additional 161,131 shares during the period. Institutional investors own 98.59% of the company’s stock.

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.