Russell Diez-Canseco Sells 44,628 Shares of Vital Farms, Inc. (NASDAQ:VITL) Stock

Vital Farms, Inc. (NASDAQ:VITL) CEO Russell Diez-Canseco sold 44,628 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $42.24, for a total value of $1,885,086.72. Following the sale, the chief executive officer now owns 668,202 shares of the company’s stock, valued at approximately $28,224,852.48. The trade was a 6.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Russell Diez-Canseco also recently made the following trade(s):

• On Thursday, December 12th, Russell Diez-Canseco sold 44,728 shares of Vital Farms stock. The shares were sold at an average price of $37.66, for a total value of $1,684,456.48.

Vital Farms Stock Up 1.1 %

Shares of VITL opened at $43.14 on Friday. Vital Farms, Inc. has a 52 week low of $14.16 and a 52 week high of $48.41. 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 firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 38.52 and a beta of 0.88. The business’s fifty day moving average price is $35.54 and its two-hundred day moving average price is $35.83.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results 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. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The business had revenue of $145.00 million for the quarter, compared to analyst estimates of $145.27 million. During the same period last year, the company earned $0.10 EPS. The firm’s revenue was up 31.3% on a year-over-year basis. On average, analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on VITL shares. Craig Hallum started coverage on Vital Farms in a report on Friday, December 20th. They issued a “buy” rating and a $50.00 price target for the company. TD Cowen increased their target price on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Jefferies Financial Group dropped their target price on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a report on Monday, November 11th. Finally, DA Davidson increased their target price on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. bought a new position in shares of Vital Farms in the 3rd quarter worth $35,000. Quarry LP boosted its position in shares of Vital Farms by 180.4% in the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after purchasing an additional 830 shares during the last quarter. Mendota Financial Group LLC bought a new position in shares of Vital Farms in the 4th quarter worth $62,000. Quest Partners LLC acquired a new stake in Vital Farms during the 2nd quarter worth $97,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Vital Farms during the 2nd quarter worth $168,000. 98.59% of the stock is currently owned by institutional investors.

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.