Vital Farms, Inc. (NASDAQ:VITL) CEO Sells $1,520,227.56 in Stock

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) CEO Russell Diez-Canseco sold 45,124 shares of the company's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $33.69, for a total transaction of $1,520,227.56. Following the completion of the transaction, the chief executive officer now owns 703,736 shares in the company, valued at approximately $23,708,865.84. This represents a 6.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Vital Farms Price Performance

NASDAQ:VITL traded up $0.07 during trading hours on Monday, hitting $33.06. 998,118 shares of the stock traded hands, compared to its average volume of 1,041,017. The stock has a 50 day moving average price of $32.27 and a 200 day moving average price of $35.51. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 29.52 and a beta of 0.96. Vital Farms, Inc. has a 1 year low of $24.87 and a 1 year high of $48.41.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.08. The firm had revenue of $165.99 million during the quarter, compared to analysts' expectations of $160.32 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. Sell-side analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on VITL. TD Cowen upped their target price on Vital Farms from $41.00 to $45.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Telsey Advisory Group reiterated an "outperform" rating and set a $52.00 target price on shares of Vital Farms in a research note on Thursday, March 13th. DA Davidson lowered their price target on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Morgan Stanley cut their target price on shares of Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, William Blair reiterated an "outperform" rating on shares of Vital Farms in a research note on Friday, February 28th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, Vital Farms presently has an average rating of "Buy" and an average target price of $43.13.

Institutional Investors Weigh In On Vital Farms

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VITL. XTX Topco Ltd bought a new position in shares of Vital Farms in the third quarter worth about $203,000. Barclays PLC raised its stake in shares of Vital Farms by 57.3% during the third quarter. Barclays PLC now owns 95,444 shares of the company's stock valued at $3,347,000 after acquiring an additional 34,758 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Vital Farms by 4.3% in the third quarter. Geode Capital Management LLC now owns 749,659 shares of the company's stock valued at $26,296,000 after purchasing an additional 31,187 shares during the period. Franklin Resources Inc. grew its stake in Vital Farms by 10.2% in the third quarter. Franklin Resources Inc. now owns 372,583 shares of the company's stock worth $13,066,000 after purchasing an additional 34,412 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Vital Farms by 35.6% during the third quarter. Principal Financial Group Inc. now owns 655,811 shares of the company's stock valued at $22,999,000 after buying an additional 172,249 shares during the period. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

About Vital Farms

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.