Vital Farms (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 company'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 sale, the senior vice president directly owned 45,779 shares in the company, valued at approximately $2,112,700.85. This trade represents a 17.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Vital Farms Stock Performance

Shares of VITL traded down $0.82 during trading hours on Tuesday, hitting $48.58. The company's stock had a trading volume of 1,498,556 shares, compared to its average volume of 1,144,023. The business has a 50 day simple moving average of $38.75 and a two-hundred day simple moving average of $35.09. Vital Farms, Inc. has a 52-week low of $27.91 and a 52-week high of $50.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.48 and a quick ratio of 2.10. The company has a market cap 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 released its quarterly earnings data on Thursday, August 7th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.27 by $0.09. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. The company had revenue of $184.77 million during the quarter, compared to the consensus estimate of $170.28 million. During the same period last year, the firm earned $0.36 EPS. Vital Farms's revenue for the quarter was up 25.4% on a year-over-year basis. Vital Farms has set its FY 2025 guidance at EPS. On average, equities analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Institutional Trading of Vital Farms

A number of hedge funds have recently made changes to their positions in VITL. Allspring Global Investments Holdings LLC lifted its stake in Vital Farms by 53.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 23,177 shares of the company's stock worth $706,000 after purchasing an additional 8,049 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Vital Farms by 6.6% during the 1st quarter. Vontobel Holding Ltd. now owns 8,421 shares of the company's stock valued at $257,000 after buying an additional 521 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Vital Farms by 25.2% in the 4th quarter. Ameriprise Financial Inc. now owns 84,592 shares of the company's stock worth $3,188,000 after buying an additional 17,017 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in Vital Farms in the fourth quarter worth approximately $1,114,000. Finally, Arizona State Retirement System grew its position in Vital Farms by 7.7% during the first quarter. Arizona State Retirement System now owns 9,407 shares of the company's stock valued at $287,000 after acquiring an additional 672 shares during the last quarter. 98.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. DA Davidson increased their price objective on Vital Farms from $51.00 to $52.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Lake Street Capital set a $60.00 price target on shares of Vital Farms and gave the stock a "buy" rating in a 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. 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 note on Friday, August 8th. Finally, Telsey Advisory Group increased their target price on shares of Vital Farms from $46.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Eleven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus 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.