Insider Selling: Vital Farms (NASDAQ:VITL) CEO Sells 16,700 Shares of Stock

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 stock was sold at an average price of $47.32, for a total value of $790,244.00. Following the sale, the chief executive officer directly owned 685,776 shares of the company's stock, valued at $32,450,920.32. This represents a 2.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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 Price Performance

NASDAQ VITL traded down $2.25 during midday trading on Wednesday, hitting $44.80. The company had a trading volume of 1,026,037 shares, compared to its average volume of 1,049,095. The firm has a 50-day moving average price of $44.18 and a 200-day moving average price of $37.19. The company has a market capitalization of $2.00 billion, a PE ratio of 40.00 and a beta of 0.94. 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 posted its quarterly earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.09. The business had revenue of $184.77 million during the quarter, compared to the consensus estimate of $170.28 million. Vital Farms had a return on equity of 18.40% and a net margin of 7.84%.Vital Farms's revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 earnings per share. Vital Farms has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. raised its position in shares of Vital Farms by 188.5% during the second quarter. Osaic Holdings Inc. now owns 17,798 shares of the company's stock worth $685,000 after purchasing an additional 11,628 shares during the period. Claris Financial LLC acquired a new position in Vital Farms during the second quarter worth $407,000. Ranger Investment Management L.P. lifted its position in Vital Farms by 7.4% in the 2nd quarter. Ranger Investment Management L.P. now owns 236,120 shares of the company's stock valued at $9,095,000 after acquiring an additional 16,215 shares in the last quarter. Cim LLC boosted its position in shares of Vital Farms by 5.6% during the second quarter. Cim LLC now owns 12,551 shares of the company's stock valued at $483,000 after buying an additional 670 shares during the last quarter. Finally, State of Wyoming purchased a new stake in Vital Farms in the 2nd quarter valued at $141,000. Institutional investors own 98.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on VITL shares. Stifel Nicolaus lifted their price target on shares of Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a report on Friday, August 8th. 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 raised their price objective on Vital Farms from $50.00 to $60.00 and gave the company an "outperform" rating in a report on Tuesday, September 2nd. Mizuho increased their target price on Vital Farms from $45.00 to $53.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. Finally, Telsey Advisory Group boosted their price target on Vital Farms from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Eleven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $49.80.

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.