Vital Farms, Inc. (NASDAQ:VITL) SVP Stephanie Coon Sells 10,005 Shares

Key Points

• Stephanie Coon, SVP of Vital Farms, sold 10,005 shares of the company at an average price of $46.15, totaling approximately $461,730.75, marking a 17.94% decrease in her ownership.
• The company reported $0.36 earnings per share for the latest quarter, surpassing analysts' expectations of $0.27, with revenue increasing 25.4% year-over-year.
• Numerous analysts have issued bullish ratings for Vital Farms, with price targets that range from $48.00 to $60.00, and an average consensus price target of $48.20.

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) SVP Stephanie Coon sold 10,005 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $46.15, for a total transaction of $461,730.75. Following the completion of the transaction, the senior vice president owned 45,779 shares in the company, valued at $2,112,700.85. The trade was a 17.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Vital Farms Trading Up 0.0%

Shares of NASDAQ VITL traded up $0.01 during midday trading on Thursday, hitting $47.75. 933,423 shares of the company traded hands, compared to its average volume of 995,839. The firm has a market cap of $2.13 billion, a P/E ratio of 42.63 and a beta of 0.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.48. Vital Farms, Inc. has a 12-month low of $27.91 and a 12-month high of $48.26. The stock has a 50-day moving average price of $37.39 and a 200 day moving average price of $35.02.

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, topping analysts' consensus estimates of $0.27 by $0.09. The business had revenue of $184.77 million for the quarter, compared to analysts' expectations of $170.28 million. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. The business's revenue was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 earnings per share. As a group, analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Telsey Advisory Group boosted their price objective on shares of Vital Farms from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. BMO Capital Markets restated an "outperform" rating on shares of Vital Farms in a research report on Friday, August 8th. Mizuho boosted their price objective on shares of Vital Farms from $45.00 to $53.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Lake Street Capital set a $60.00 price target on shares of Vital Farms and gave the company a "buy" rating in a research report on Friday, August 8th. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $48.20.

Institutional Investors Weigh In On Vital Farms

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its stake in shares of Vital Farms by 0.4% in the first quarter. Envestnet Asset Management Inc. now owns 75,420 shares of the company's stock worth $2,298,000 after buying an additional 337 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of 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 buying an additional 475 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Vital Farms by 18.9% in the second quarter. Assetmark Inc. now owns 3,153 shares of the company's stock worth $121,000 after buying an additional 501 shares in the last quarter. US Bancorp DE lifted its stake in shares of Vital Farms by 36.2% in the first quarter. US Bancorp DE now owns 1,929 shares of the company's stock worth $59,000 after buying an additional 513 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of Vital Farms by 6.8% in the fourth 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. 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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