Vital Farms, Inc. (NASDAQ:VITL) CEO Russell Diez-Canseco Sells 45,124 Shares

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) CEO Russell Diez-Canseco sold 45,124 shares of the company's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $33.69, for a total transaction of $1,520,227.56. Following the completion of the transaction, the chief executive officer now directly owns 703,736 shares in the company, valued at $23,708,865.84. This trade represents a 6.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Vital Farms Stock Performance

Shares of NASDAQ:VITL traded down $0.04 during midday trading on Friday, hitting $32.99. The company's stock had a trading volume of 681,845 shares, compared to its average volume of 1,041,188. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. The stock's 50 day simple moving average is $32.30 and its 200 day simple moving average is $35.53. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 29.46 and a beta of 0.96. Vital Farms, Inc. has a fifty-two week low of $24.87 and a fifty-two week high of $48.41.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The company had revenue of $165.99 million for the quarter, compared to the consensus estimate of $160.32 million. As a group, research analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VITL. Stifel Nicolaus raised Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price target for the company in a research note on Friday, February 28th. Morgan Stanley decreased their target price on shares of Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday. DA Davidson cut their price target on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Telsey Advisory Group reiterated an "outperform" rating and issued a $52.00 price objective on shares of Vital Farms in a report on Thursday, March 13th. Finally, William Blair reissued an "outperform" rating on shares of Vital Farms in a research report on Friday, February 28th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vital Farms has an average rating of "Buy" and an average price target of $43.13.

Institutional Trading of Vital Farms

A number of hedge funds have recently bought and sold shares of the stock. Principal Securities Inc. raised its stake in shares of Vital Farms by 29.4% in the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock valued at $63,000 after purchasing an additional 380 shares in the last quarter. Summit Investment Advisors Inc. raised its position in Vital Farms by 15.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,487 shares of the company's stock worth $131,000 after purchasing an additional 475 shares in the last quarter. Lifestyle Asset Management Inc. lifted its stake in Vital Farms by 5.1% during the fourth quarter. Lifestyle Asset Management Inc. now owns 10,345 shares of the company's stock worth $390,000 after purchasing an additional 499 shares during the period. Stifel Financial Corp lifted its position in shares of Vital Farms by 6.8% during the 4th quarter. Stifel Financial Corp now owns 8,117 shares of the company's stock worth $306,000 after buying an additional 518 shares during the period. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of Vital Farms by 152.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock worth $35,000 after purchasing an additional 540 shares during the last quarter. 98.59% of the stock is owned by institutional investors.

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.