Vital Farms (NASDAQ:VITL) Stock Price Down 4.6% on Insider Selling

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) shares were down 4.6% during mid-day trading on Monday after an insider sold shares in the company. The company traded as low as $34.16 and last traded at $34.73. Approximately 307,400 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 477,709 shares. The stock had previously closed at $36.41.

Specifically, Director Karl Khoury sold 4,000 shares of the firm's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $21.27, for a total value of $85,080.00. Following the completion of the sale, the director now directly owns 155,069 shares in the company, valued at $3,298,317.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Vital Farms news, Director Karl Khoury sold 4,000 shares of the firm's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $21.27, for a total value of $85,080.00. Following the completion of the sale, the director now directly owns 155,069 shares in the company, valued at $3,298,317.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jason Dale sold 14,006 shares of Vital Farms stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $16.03, for a total transaction of $224,516.18. Following the transaction, the chief operating officer now owns 48,455 shares of the company's stock, valued at $776,733.65. The disclosure for this sale can be found here. Insiders sold 246,332 shares of company stock worth $5,579,237 over the last three months. Company insiders own 30.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VITL shares. DA Davidson lifted their target price on shares of Vital Farms from $28.00 to $45.00 and gave the company a "buy" rating in a report on Monday. Stifel Nicolaus lowered shares of Vital Farms from a "buy" rating to a "hold" rating and lifted their target price for the company from $30.00 to $40.00 in a report on Friday. Lake Street Capital lifted their target price on shares of Vital Farms from $26.00 to $32.00 and gave the company a "buy" rating in a report on Wednesday, April 24th. TheStreet raised shares of Vital Farms from a "c" rating to a "b-" rating in a research report on Monday, March 18th. Finally, TD Cowen raised their price target on shares of Vital Farms from $19.00 to $37.00 and gave the company a "hold" rating in a research report on Friday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $34.40.

Vital Farms Stock Down 2.2 %

The company has a market cap of $1.50 billion, a P/E ratio of 41.87 and a beta of 0.79. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.10 and a quick ratio of 2.66. The company's 50-day moving average is $24.74 and its two-hundred day moving average is $18.06.

Vital Farms (NASDAQ:VITL - Get Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.20. Vital Farms had a net margin of 7.48% and a return on equity of 19.58%. The business had revenue of $147.93 million during the quarter, compared to the consensus estimate of $139.87 million. As a group, equities analysts predict that Vital Farms, Inc. will post 0.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vital Farms

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its position in Vital Farms by 211.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,175 shares of the company's stock worth $97,000 after purchasing an additional 4,192 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Vital Farms by 52.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,196 shares of the company's stock valued at $95,000 after acquiring an additional 2,833 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of Vital Farms during the 4th quarter valued at $127,000. New York State Common Retirement Fund grew its position in shares of Vital Farms by 49.0% during the 4th quarter. New York State Common Retirement Fund now owns 10,169 shares of the company's stock valued at $160,000 after acquiring an additional 3,346 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Vital Farms during the 3rd quarter valued at $119,000. 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.