Vital Farms (NASDAQ:VITL) CEO Russell Diez-Canseco Sells 16,700 Shares

Key Points

• Vital Farms CEO Russell Diez-Canseco sold 16,700 shares of the company's stock for a total of $770,037, reducing his ownership by 2.32% to approximately 702,476 shares valued at over $32 million.
• The company reported $0.36 earnings per share (EPS) for the latest quarter, beating analyst expectations of $0.27, with revenues of $184.77 million, up 25.4% year-over-year.
• Several analysts have updated their price targets for Vital Farms, with Mizuho raising its target from $45 to $53 and Stifel Nicolaus lifting it from $44 to $48, indicating strong analyst support for the stock.

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) CEO Russell Diez-Canseco sold 16,700 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $46.11, for a total value of $770,037.00. Following the transaction, the chief executive officer owned 702,476 shares in the company, valued at $32,391,168.36. This trade represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Vital Farms Stock Performance

Shares of NASDAQ:VITL traded down $0.82 on Tuesday, reaching $48.58. 1,498,556 shares of the company's stock were exchanged, compared to its average volume of 1,144,023. The business's 50-day moving average is $38.75 and its two-hundred day moving average is $35.09. The company has a quick ratio of 2.10, a current ratio of 2.48 and a debt-to-equity ratio of 0.02. Vital Farms, Inc. has a fifty-two week low of $27.91 and a fifty-two week high of $50.50. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 43.38 and a beta of 0.94.

Vital Farms (NASDAQ:VITL - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.09. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. The business had revenue of $184.77 million during the quarter, compared to the consensus estimate of $170.28 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The company's revenue for the quarter was up 25.4% compared to the same quarter last year. Vital Farms has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VITL. Caitong International Asset Management Co. Ltd raised its holdings in Vital Farms by 20,650.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,660 shares of the company's stock worth $51,000 after purchasing an additional 1,652 shares in the last quarter. US Bancorp DE increased its position in shares of Vital Farms by 36.2% during the 1st quarter. US Bancorp DE now owns 1,929 shares of the company's stock valued at $59,000 after purchasing an additional 513 shares during the period. CWM LLC raised its stake in shares of Vital Farms by 43.2% in the 1st quarter. CWM LLC now owns 2,154 shares of the company's stock worth $66,000 after buying an additional 650 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Vital Farms in the 1st quarter worth $112,000. Finally, Assetmark Inc. lifted its holdings in shares of Vital Farms by 18.9% in the second quarter. Assetmark Inc. now owns 3,153 shares of the company's stock valued at $121,000 after buying an additional 501 shares during the period. 98.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Lake Street Capital set a $60.00 price objective on Vital Farms and gave the company a "buy" rating in a research report on Friday, August 8th. BMO Capital Markets reissued an "outperform" rating on shares of Vital Farms in a report on Friday, August 8th. Stifel Nicolaus increased their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a report on Friday, August 8th. DA Davidson boosted their target price on shares of Vital Farms from $51.00 to $52.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Finally, Mizuho upped their target price on shares of Vital Farms from $45.00 to $53.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th. Eleven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $48.20.

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.