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

Vital Farms, Inc. (NASDAQ:VITL) CMO Kathryn Mckeon sold 12,300 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $42.08, for a total transaction of $517,584.00. Following the completion of the sale, the chief marketing officer now owns 46,203 shares in the company, valued at $1,944,222.24. This represents a 21.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Vital Farms Trading Up 1.4 %

VITL opened at $42.67 on Thursday. The stock has a market capitalization of $1.87 billion, a P/E ratio of 38.10 and a beta of 0.88. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. Vital Farms, Inc. has a 12 month low of $14.16 and a 12 month high of $48.41. The firm’s fifty day simple moving average is $35.42 and its 200 day simple moving average is $35.78.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 company’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. As a group, research analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on VITL shares. Jefferies Financial Group lowered their target price on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, November 11th. TD Cowen upped their price objective 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. DA Davidson lifted 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. Finally, Craig Hallum initiated coverage on Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 target price for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.67.

Institutional Investors Weigh In On Vital Farms

Several institutional investors have recently bought and sold shares of VITL. Nordea Investment Management AB acquired a new stake in shares of Vital Farms in the fourth quarter valued at approximately $2,765,000. Marshall Wace LLP grew its position in Vital Farms by 29.7% in the second quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock valued at $43,859,000 after purchasing an additional 214,839 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Vital Farms by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 253,434 shares of the company’s stock valued at $8,888,000 after buying an additional 14,426 shares during the last quarter. Franklin Resources Inc. lifted its position in Vital Farms by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 372,583 shares of the company’s stock worth $13,066,000 after buying an additional 34,412 shares in the last quarter. Finally, Quest Partners LLC boosted its stake in shares of Vital Farms by 882.6% during the 3rd quarter. Quest Partners LLC now owns 20,320 shares of the company’s stock worth $713,000 after buying an additional 18,252 shares during the last quarter. Institutional investors own 98.59% of the company’s stock.

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.