Vital Farms (NASDAQ:VITL) CEO Russell Diez-Canseco Sells 16,700 Shares

Key Points

• Vital Farms CEO Russell Diez-Canseco sold 16,700 shares of the company's stock for approximately $790,244, reducing his ownership by 2.38% to around 685,776 shares valued at over $32 million.
• Vital Farms recently reported a 25.4% increase in revenue for the last quarter, totaling $184.77 million, significantly surpassing analysts' expectations.
• As of now, eleven analysts have rated Vital Farms a Buy, with a consensus target price of $49.80, reflecting positive market sentiment towards the company's performance.

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) CEO Russell Diez-Canseco sold 16,700 shares of Vital Farms stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $47.32, for a total transaction of $790,244.00. Following the completion of the transaction, the chief executive officer directly owned 685,776 shares in the company, valued at $32,450,920.32. The trade was a 2.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Russell Diez-Canseco also recently made the following trade(s):

• On Tuesday, August 12th, Russell Diez-Canseco sold 16,700 shares of Vital Farms stock. The shares were sold at an average price of $46.11, for a total transaction of $770,037.00.

Vital Farms Stock Performance

Shares of NASDAQ:VITL traded down $0.78 on Monday, reaching $47.79. The company's stock had a trading volume of 237,733 shares, compared to its average volume of 1,007,297. Vital Farms, Inc. has a 52-week low of $27.91 and a 52-week high of $53.13. The stock has a market capitalization of $2.14 billion, a P/E ratio of 42.75 and a beta of 0.93. The stock's 50-day moving average is $43.73 and its two-hundred day moving average is $36.97. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.48 and a quick ratio of 2.10.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.09. The firm had revenue of $184.77 million for the quarter, compared to analysts' expectations of $170.28 million. Vital Farms had a return on equity of 18.40% and a net margin of 7.84%.The firm's revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS. Vital Farms has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current year.

Hedge Funds Weigh In On Vital Farms

Several hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its holdings in shares of Vital Farms by 417.8% in the fourth quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company's stock valued at $91,625,000 after purchasing an additional 1,961,550 shares in the last quarter. American Century Companies Inc. grew its holdings in Vital Farms by 1,453.0% during the 1st quarter. American Century Companies Inc. now owns 1,243,467 shares of the company's stock valued at $37,888,000 after buying an additional 1,163,399 shares during the last quarter. Wasatch Advisors LP increased its position in Vital Farms by 80.2% during the second quarter. Wasatch Advisors LP now owns 2,074,803 shares of the company's stock worth $79,921,000 after buying an additional 923,507 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Vital Farms by 97.4% in the second quarter. Marshall Wace LLP now owns 1,234,008 shares of the company's stock worth $47,534,000 after acquiring an additional 608,723 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Vital Farms during the first quarter valued at $17,633,000. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on VITL. Stifel Nicolaus increased their price target on Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a report on Friday, August 8th. BMO Capital Markets raised their target price on shares of Vital Farms from $50.00 to $60.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 2nd. Lake Street Capital set a $60.00 target price on shares of Vital Farms and gave the company a "buy" rating in a report on Friday, August 8th. Telsey Advisory Group increased their price target 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. Finally, DA Davidson raised their price objective on shares of Vital Farms from $51.00 to $52.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Eleven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $49.80.

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.