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 firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $31.93, for a total transaction of $38,316.00. Following the transaction, the chief financial officer now directly owns 57,117 shares of the company's stock, valued at $1,823,745.81. The trade was a 2.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Vital Farms Trading Up 1.8%

Shares of NASDAQ:VITL traded up $0.56 during mid-day trading on Monday, hitting $32.21. The company had a trading volume of 673,713 shares, compared to its average volume of 1,025,740. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The company has a market capitalization of $1.44 billion, a PE ratio of 28.76 and a beta of 0.89. The firm has a fifty day moving average price of $33.39 and a 200 day moving average price of $35.18. Vital Farms, Inc. has a one year low of $27.91 and a one year high of $48.41.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.11. The company had revenue of $162.19 million for the quarter, compared to analysts' expectations of $164.43 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The business's revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 EPS. As a group, research analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current year.

Institutional Investors Weigh In On Vital Farms

Hedge funds and other institutional investors have recently made changes to their positions in the business. Proficio Capital Partners LLC bought a new position in Vital Farms in the 4th quarter valued at about $699,000. Vanguard Group Inc. raised its stake in shares of Vital Farms by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 2,236,848 shares of the company's stock worth $84,307,000 after purchasing an additional 87,980 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Vital Farms by 25.2% in the fourth quarter. Ameriprise Financial Inc. now owns 84,592 shares of the company's stock valued at $3,188,000 after purchasing an additional 17,017 shares in the last quarter. Vontobel Holding Ltd. bought a new position in shares of Vital Farms in the fourth quarter valued at approximately $298,000. Finally, Benjamin Edwards Inc. purchased a new position in shares of Vital Farms during the fourth quarter valued at approximately $1,114,000. 98.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Morgan Stanley cut their target price on Vital Farms from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. William Blair reiterated an "outperform" rating on shares of Vital Farms in a report on Friday, February 28th. DA Davidson decreased their target price on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Stifel Nicolaus upgraded shares of Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price target on the stock in a research report on Friday, February 28th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $52.00 price objective on shares of Vital Farms in a research note on Monday, May 5th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Vital Farms presently has an average rating of "Buy" and a consensus target price of $44.63.

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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