Vital Farms, Inc. (NASDAQ:VITL) CFO Thilo Wrede Sells 1,200 Shares

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) CFO Thilo Wrede sold 1,200 shares of the stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which can be accessed 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 value of $38,316.00.

Vital Farms Trading Down 0.7%

Shares of Vital Farms stock traded down $0.26 during trading on Friday, reaching $37.09. 138,343 shares of the stock were exchanged, compared to its average volume of 1,021,103. The company has a quick ratio of 2.91, a current ratio of 3.35 and a debt-to-equity ratio of 0.03. The stock's fifty day moving average is $35.14 and its 200 day moving average is $35.28. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 33.10 and a beta of 0.94. Vital Farms, Inc. has a 1 year low of $27.91 and a 1 year high of $45.72.

Vital Farms (NASDAQ:VITL - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.11. Vital Farms had a net margin of 8.26% and a return on equity of 19.53%. The company had revenue of $162.19 million during the quarter, compared to analyst estimates of $164.43 million. During the same period in the prior year, the business posted $0.43 earnings per share. Vital Farms's revenue for the quarter was up 9.7% on a year-over-year basis. As a group, equities research analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vital Farms

Several institutional investors and hedge funds have recently made changes to their positions in VITL. Wellington Management Group LLP raised its holdings in Vital Farms by 17.8% in the 1st quarter. Wellington Management Group LLP now owns 2,863,872 shares of the company's stock worth $87,262,000 after acquiring an additional 432,848 shares during the last quarter. Vanguard Group Inc. raised its holdings in Vital Farms by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 2,236,848 shares of the company's stock worth $84,307,000 after acquiring an additional 87,980 shares during the last quarter. American Century Companies Inc. raised its holdings in Vital Farms by 1,453.0% in the 1st quarter. American Century Companies Inc. now owns 1,243,467 shares of the company's stock worth $37,888,000 after acquiring an additional 1,163,399 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Vital Farms by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,209,564 shares of the company's stock worth $36,855,000 after acquiring an additional 37,614 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in 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 acquiring an additional 415,614 shares during the last quarter. Institutional investors own 98.59% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on VITL shares. Mizuho started coverage on Vital Farms in a research note on Tuesday, July 8th. They set an "outperform" rating and a $45.00 price objective on the stock. Morgan Stanley reduced their price objective on Vital Farms from $40.00 to $39.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. BMO Capital Markets raised Vital Farms to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $52.00 price objective on shares of Vital Farms in a research note on Monday, May 5th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $44.67.

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.