Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) CEO Russell Diez-Canseco sold 9,667 shares of Vital Farms stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $44.39, for a total transaction of $429,118.13. Following the completion of the sale, the chief executive officer owned 666,109 shares of the company's stock, valued at approximately $29,568,578.51. This trade represents a 1.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Russell Diez-Canseco also recently made the following trade(s):
- On Wednesday, September 10th, Russell Diez-Canseco sold 16,700 shares of Vital Farms stock. The stock was sold at an average price of $47.32, for a total transaction of $790,244.00.
- On Tuesday, August 12th, Russell Diez-Canseco sold 16,700 shares of Vital Farms stock. The stock was sold at an average price of $46.11, for a total transaction of $770,037.00.
Vital Farms Stock Performance
Vital Farms stock traded down $0.28 during mid-day trading on Friday, reaching $43.40. The company's stock had a trading volume of 629,844 shares, compared to its average volume of 1,014,287. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 38.75 and a beta of 0.92. The business has a 50 day moving average price of $45.88 and a 200-day moving average price of $38.50. The company has a current ratio of 2.48, a quick ratio of 2.10 and a debt-to-equity ratio of 0.02. Vital Farms, Inc. has a twelve month low of $27.91 and a twelve month high of $53.13.
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 analysts' consensus estimates of $0.27 by $0.09. The firm had revenue of $184.77 million during the quarter, compared to the consensus estimate of $170.28 million. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. The firm's revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 earnings per share. Vital Farms has set its FY 2025 guidance at EPS. Sell-side analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.
Hedge Funds Weigh In On Vital Farms
Several large investors have recently made changes to their positions in VITL. Wellington Management Group LLP lifted its stake in Vital Farms by 17.8% during the first quarter. Wellington Management Group LLP now owns 2,863,872 shares of the company's stock valued at $87,262,000 after buying an additional 432,848 shares in the last quarter. Wasatch Advisors LP lifted its stake in Vital Farms by 80.2% during the second quarter. Wasatch Advisors LP now owns 2,074,803 shares of the company's stock valued at $79,921,000 after buying an additional 923,507 shares in the last quarter. American Century Companies Inc. lifted its stake in Vital Farms by 35.7% during the second quarter. American Century Companies Inc. now owns 1,687,869 shares of the company's stock valued at $65,017,000 after buying an additional 444,402 shares in the last quarter. Marshall Wace LLP lifted its stake in Vital Farms by 97.4% during the second quarter. Marshall Wace LLP now owns 1,234,008 shares of the company's stock valued at $47,534,000 after buying an additional 608,723 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Vital Farms by 3.2% during the first quarter. Principal Financial Group Inc. now owns 1,209,564 shares of the company's stock valued at $36,855,000 after buying an additional 37,614 shares in the last quarter. Institutional investors own 98.59% of the company's stock.
Analysts Set New Price Targets
Several analysts recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Vital Farms from $50.00 to $60.00 and gave the company an "outperform" rating in a research report on Tuesday, September 2nd. Mizuho lifted 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, August 11th. Stifel Nicolaus upped their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a report on Friday, August 8th. DA Davidson upped their price objective on shares of Vital Farms from $51.00 to $52.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Finally, Telsey Advisory Group upped their price objective on shares of Vital Farms from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Vital Farms has a consensus rating of "Moderate Buy" and a consensus price target of $49.80.
Check Out Our Latest Analysis on VITL
Vital Farms Company Profile
(
Get Free Report)
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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