Vital Farms, Inc. (NASDAQ:VITL) Insider Sells $1,273,894.60 in Stock

Vital Farms, Inc. (NASDAQ:VITL) insider Joanne Bal sold 28,246 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $45.10, for a total value of $1,273,894.60. Following the transaction, the insider now directly owns 59,371 shares of the company’s stock, valued at $2,677,632.10. This trade represents a 32.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Vital Farms Trading Up 1.2 %

Shares of NASDAQ:VITL traded up $0.51 during mid-day trading on Wednesday, reaching $44.44. 1,129,312 shares of the company’s stock were exchanged, compared to its average volume of 1,105,001. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. Vital Farms, Inc. has a twelve month low of $14.37 and a twelve month high of $48.41. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 39.68 and a beta of 0.88. The business’s fifty day moving average price is $36.68 and its 200-day moving average price is $35.76.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Craig Hallum began coverage on shares of Vital Farms in a report on Friday, December 20th. They issued a “buy” rating and a $50.00 target price for the company. TD Cowen raised their target price on shares of Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Jefferies Financial Group lowered their price target on shares of 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 raised their price objective on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Vital Farms has a consensus rating of “Moderate Buy” and a consensus target price of $41.67.

Institutional Trading of Vital Farms

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VITL. Brown Brothers Harriman & Co. bought a new position in shares of Vital Farms in the 3rd quarter worth about $35,000. Quarry LP grew 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 purchasing an additional 830 shares during the period. Mendota Financial Group LLC bought a new stake in Vital Farms in the fourth quarter worth approximately $62,000. nVerses Capital LLC lifted its stake in Vital Farms by 130.0% in the third quarter. nVerses Capital LLC now owns 4,600 shares of the company’s stock valued at $161,000 after buying an additional 2,600 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in shares of Vital Farms during the 2nd quarter worth approximately $168,000. Institutional investors and hedge funds 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.