Insider Selling: Vital Farms, Inc. (NASDAQ:VITL) CEO Sells 45,124 Shares of Stock

Vital Farms, Inc. (NASDAQ:VITL) CEO Russell Diez-Canseco sold 45,124 shares of Vital Farms stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $33.69, for a total transaction of $1,520,227.56. Following the sale, the chief executive officer now owns 703,736 shares of the company’s stock, valued at $23,708,865.84. The trade was a 6.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Vital Farms Price Performance

Shares of VITL stock opened at $32.99 on Friday. The stock’s 50-day moving average is $32.36 and its 200 day moving average is $35.55. Vital Farms, Inc. has a 1-year low of $24.75 and a 1-year high of $48.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The company has a market cap of $1.46 billion, a P/E ratio of 29.46 and a beta of 0.96.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The business had revenue of $165.99 million for the quarter, compared to analysts’ expectations of $160.32 million. Research analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vital Farms

Institutional investors have recently bought and sold shares of the company. Hanson & Doremus Investment Management purchased a new stake in shares of Vital Farms during the 1st quarter valued at $130,000. Union Bancaire Privee UBP SA acquired a new position in Vital Farms during the 1st quarter valued at about $112,000. SG Americas Securities LLC purchased a new stake in Vital Farms in the first quarter valued at about $760,000. Clean Yield Group raised its stake in Vital Farms by 16.2% in the first quarter. Clean Yield Group now owns 67,341 shares of the company’s stock valued at $2,052,000 after buying an additional 9,384 shares during the last quarter. Finally, Chatham Capital Group Inc. boosted its holdings in Vital Farms by 4.7% in the first quarter. Chatham Capital Group Inc. now owns 71,975 shares of the company’s stock worth $2,193,000 after acquiring an additional 3,260 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. William Blair reaffirmed an “outperform” rating on shares of Vital Farms in a research report on Friday, February 28th. DA Davidson decreased their target price on Vital Farms from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Telsey Advisory Group reissued an “outperform” rating and set a $52.00 price target on shares of Vital Farms in a research report on Thursday, March 13th. TD Cowen raised their price target on Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, Morgan Stanley lowered their price objective on shares of Vital Farms from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $43.13.

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.