Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) CFO Thilo Wrede sold 1,200 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $38.97, for a total value of $46,764.00. Following the completion of the transaction, the chief financial officer directly owned 56,187 shares in the company, valued at approximately $2,189,607.39. This represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Thilo Wrede also recently made the following trade(s):
- On Thursday, June 12th, Thilo Wrede sold 1,200 shares of Vital Farms stock. The shares were sold at an average price of $31.93, for a total transaction of $38,316.00.
Vital Farms Stock Down 1.1%
VITL traded down $0.42 during mid-day trading on Tuesday, reaching $37.79. 819,088 shares of the stock were exchanged, compared to its average volume of 1,027,319. Vital Farms, Inc. has a 1 year low of $27.91 and a 1 year high of $45.72. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.91 and a current ratio of 3.35. The company has a 50 day moving average price of $34.94 and a two-hundred day moving average price of $35.24. The stock has a market capitalization of $1.68 billion, a PE ratio of 33.74 and a beta of 0.94.
Vital Farms (NASDAQ:VITL - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.11. The business had revenue of $162.19 million for the quarter, compared to analysts' expectations of $164.43 million. Vital Farms had a return on equity of 19.53% and a net margin of 8.26%. The business's revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. As a group, research analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of VITL. Wellington Management Group LLP boosted its holdings in Vital Farms by 417.8% in the 4th quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company's stock valued at $91,625,000 after purchasing an additional 1,961,550 shares in the last quarter. American Century Companies Inc. grew its stake in Vital Farms by 1,453.0% during the 1st quarter. American Century Companies Inc. now owns 1,243,467 shares of the company's stock worth $37,888,000 after buying an additional 1,163,399 shares during the last quarter. Nuveen LLC bought a new position in shares of Vital Farms in the first quarter worth $17,633,000. Lord Abbett & CO. LLC raised its stake in shares of Vital Farms by 64.6% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,058,753 shares of the company's stock worth $39,904,000 after buying an additional 415,614 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Vital Farms during the 1st quarter valued at $12,207,000. 98.59% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on VITL shares. Mizuho initiated coverage on Vital Farms in a report on Tuesday, July 8th. They issued an "outperform" rating and a $45.00 price objective on the stock. Telsey Advisory Group reissued an "outperform" rating and set a $52.00 price objective on shares of Vital Farms in a research note on Monday, May 5th. Morgan Stanley cut their price target on shares of Vital Farms from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, BMO Capital Markets upgraded Vital Farms to a "strong-buy" rating in a research note on Tuesday, May 6th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Vital Farms currently has an average rating of "Buy" and a consensus target price of $44.67.
Check Out Our Latest Stock Analysis on Vital Farms
About Vital Farms
(
Get Free Report)
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.
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