Kathryn Mckeon Sells 12,300 Shares of Vital Farms, Inc. (NASDAQ:VITL) Stock

Vital Farms, Inc. (NASDAQ:VITL) CMO Kathryn Mckeon sold 12,300 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $44.05, for a total transaction of $541,815.00. Following the transaction, the chief marketing officer now owns 46,203 shares of the company’s stock, valued at $2,035,242.15. This represents a 21.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Kathryn Mckeon also recently made the following trade(s):

• On Monday, January 13th, Kathryn Mckeon sold 12,300 shares of Vital Farms stock. The stock was sold at an average price of $42.08, for a total transaction of $517,584.00.

Vital Farms Trading Up 1.2 %

Shares of VITL traded up $0.51 during midday trading on Wednesday, reaching $44.44. The company had a trading volume of 1,129,312 shares, compared to its average volume of 1,105,001. Vital Farms, Inc. has a 1-year low of $14.37 and a 1-year high of $48.41. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. The firm has a 50 day simple moving average of $36.68 and a 200-day simple moving average of $35.76. The stock has a market cap of $1.95 billion, a PE ratio of 39.68 and a beta of 0.88.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $145.00 million during the quarter, compared to analysts’ expectations of $145.27 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. Vital Farms’s revenue was up 31.3% compared to the same quarter last year. During the same period last year, the business earned $0.10 earnings per share. Research analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VITL. Robeco Institutional Asset Management B.V. lifted its stake in shares of Vital Farms by 4.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 7,857 shares of the company’s stock valued at $276,000 after purchasing an additional 329 shares during the last quarter. Lifestyle Asset Management Inc. lifted its position in Vital Farms by 5.1% in the fourth quarter. Lifestyle Asset Management Inc. now owns 10,345 shares of the company’s stock valued at $390,000 after buying an additional 499 shares during the last quarter. Quarry LP boosted its stake in Vital Farms by 180.4% during the second quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after buying an additional 830 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of Vital Farms during the third quarter valued at about $35,000. Finally, Dakota Wealth Management raised its stake in shares of Vital Farms by 26.8% in the 4th quarter. Dakota Wealth Management now owns 7,250 shares of the company’s stock valued at $273,000 after acquiring an additional 1,534 shares during the period. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VITL has been the subject of several research reports. Jefferies Financial Group cut their price objective on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Craig Hallum began coverage on Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 price objective for the company. TD Cowen lifted their target price on shares of Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, DA Davidson increased their target price on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.67.

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.