Vital Farms, Inc. (NASDAQ:VITL) CFO Sells $38,316.00 in Stock

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) CFO Thilo Wrede sold 1,200 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $31.93, for a total value of $38,316.00. Following the completion of the sale, the chief financial officer now directly owns 57,117 shares in the company, valued at $1,823,745.81. This trade represents a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Vital Farms Trading Up 4.2%

Shares of VITL stock traded up $1.43 on Thursday, hitting $35.75. The company had a trading volume of 1,426,241 shares, compared to its average volume of 1,031,648. The stock's 50-day moving average is $33.44 and its two-hundred day moving average is $35.17. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.91 and a current ratio of 3.35. The firm has a market cap of $1.59 billion, a P/E ratio of 31.92 and a beta of 0.89. Vital Farms, Inc. has a twelve month low of $27.91 and a twelve month high of $48.41.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.11. Vital Farms had a net margin of 8.26% and a return on equity of 19.53%. The firm had revenue of $162.19 million during the quarter, compared to analyst estimates of $164.43 million. During the same quarter last year, the business earned $0.43 EPS. The company's revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Trading of Vital Farms

A number of institutional investors have recently bought and sold shares of VITL. Envestnet Asset Management Inc. raised its position in shares of Vital Farms by 0.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 75,420 shares of the company's stock worth $2,298,000 after acquiring an additional 337 shares in the last quarter. Principal Securities Inc. grew its stake in Vital Farms by 29.4% during the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock worth $63,000 after purchasing an additional 380 shares during the period. Summit Investment Advisors Inc. increased its holdings in Vital Farms by 15.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,487 shares of the company's stock worth $131,000 after purchasing an additional 475 shares in the last quarter. US Bancorp DE lifted its stake in Vital Farms by 36.2% in the first quarter. US Bancorp DE now owns 1,929 shares of the company's stock valued at $59,000 after buying an additional 513 shares during the period. Finally, Stifel Financial Corp boosted its holdings in shares of Vital Farms by 6.8% during the 4th quarter. Stifel Financial Corp now owns 8,117 shares of the company's stock worth $306,000 after buying an additional 518 shares in the last quarter. Institutional investors own 98.59% of the company's stock.

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.