Vital Farms, Inc. (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 that occurred on Tuesday, August 12th. The shares were sold at an average price of $46.11, for a total value of $770,037.00. Following the completion of the sale, the chief executive officer directly owned 702,476 shares in the company, valued at approximately $32,391,168.36. The trade was a 2.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Vital Farms Trading Up 0.0%

Shares of Vital Farms stock traded up $0.01 during trading hours on Thursday, hitting $47.75. The company's stock had a trading volume of 933,423 shares, compared to its average volume of 995,839. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.48. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 42.63 and a beta of 0.94. Vital Farms, Inc. has a twelve month low of $27.91 and a twelve month high of $48.26. The firm has a fifty day moving average of $37.39 and a 200-day moving average of $35.02.

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

Analyst Ratings Changes

Several analysts have commented on the company. Mizuho raised their price objective on Vital Farms from $45.00 to $53.00 and gave the company an "outperform" rating in a report on Monday. Morgan Stanley lowered their price target 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. Lake Street Capital set a $60.00 price target on Vital Farms and gave the stock a "buy" rating in a research note on Friday, August 8th. Stifel Nicolaus lifted their price target on Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Vital Farms in a research note on Friday, August 8th. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vital Farms has an average rating of "Buy" and an average target price of $48.20.

Institutional Investors Weigh In On Vital Farms

Large investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd increased its holdings in Vital Farms by 20,650.0% during the 1st 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 during the period. US Bancorp DE increased its holdings in Vital Farms by 36.2% during the 1st quarter. US Bancorp DE now owns 1,929 shares of the company's stock worth $59,000 after purchasing an additional 513 shares during the period. CWM LLC boosted its position in shares of Vital Farms by 43.2% during the 1st quarter. CWM LLC now owns 2,154 shares of the company's stock worth $66,000 after acquiring an additional 650 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Vital Farms during the 1st quarter worth about $112,000. Finally, Assetmark Inc. boosted its position in shares of Vital Farms by 18.9% during the 2nd quarter. Assetmark Inc. now owns 3,153 shares of the company's stock worth $121,000 after acquiring an additional 501 shares in the last quarter. Hedge funds and other 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.

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