Insider Selling: Vital Farms, Inc. (NASDAQ:VITL) CEO Sells 44,653 Shares of Stock

Vital Farms, Inc. (NASDAQ:VITL) CEO Russell Diez-Canseco sold 44,653 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the transaction, the chief executive officer now owns 537,349 shares in the company, valued at $21,531,574.43. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Vital Farms Price Performance

Shares of VITL traded up $0.91 during trading hours on Wednesday, reaching $40.91. 774,642 shares of the company traded hands, compared to its average volume of 724,800. The stock has a market capitalization of $1.76 billion, a PE ratio of 38.07 and a beta of 0.97. The stock has a fifty day simple moving average of $33.31 and a 200 day simple moving average of $35.30. Vital Farms, Inc. has a fifty-two week low of $10.41 and a fifty-two week high of $48.41. The company has a quick ratio of 3.03, a current ratio of 3.50 and a debt-to-equity ratio of 0.04.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.16. The business had revenue of $147.39 million during the quarter, compared to the consensus estimate of $138.41 million. Vital Farms had a net margin of 8.70% and a return on equity of 22.77%. The company’s quarterly revenue was up 38.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 earnings per share. As a group, research analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on VITL. DA Davidson upped their price target on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. TD Cowen upgraded Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Friday, August 9th. Finally, Stifel Nicolaus decreased their price objective on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Vital Farms currently has an average rating of “Moderate Buy” and an average price target of $35.20.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. 1620 Investment Advisors Inc. purchased a new position in shares of Vital Farms in the 2nd quarter worth about $42,000. CWM LLC grew its stake in Vital Farms by 162.9% during the second quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $49,000 after buying an additional 655 shares during the period. Quarry LP increased its holdings in Vital Farms by 180.4% in the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock valued at $60,000 after purchasing an additional 830 shares in the last quarter. nVerses Capital LLC raised its holdings in shares of Vital Farms by 66.7% during the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock valued at $94,000 after buying an additional 800 shares during the period. Finally, Quest Partners LLC acquired a new position in Vital Farms during the 2nd quarter worth approximately $97,000. Hedge funds and other institutional investors own 98.59% of the company’s stock.

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.