Russell Diez-Canseco Sells 44,728 Shares of Vital Farms, Inc. (NASDAQ:VITL) Stock

Vital Farms, Inc. (NASDAQ:VITLGet Free Report) CEO Russell Diez-Canseco sold 44,728 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $37.66, for a total transaction of $1,684,456.48. Following the transaction, the chief executive officer now owns 613,797 shares in the company, valued at $23,115,595.02. This represents a 6.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Monday, October 14th, Russell Diez-Canseco sold 44,653 shares of Vital Farms stock. The stock was sold at an average price of $40.07, for a total transaction of $1,789,245.71.

Vital Farms Stock Down 4.1 %

VITL stock opened at $37.23 on Thursday. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average of $34.84 and a 200 day moving average of $36.37. Vital Farms, Inc. has a twelve month low of $14.16 and a twelve month high of $48.41. The firm has a market cap of $1.63 billion, a PE ratio of 33.24 and a beta of 0.93.

Vital Farms (NASDAQ:VITLGet Free Report) 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 firm had revenue of $145.00 million during the quarter, compared to analyst estimates of $145.27 million. During the same quarter in the previous year, the firm earned $0.10 EPS. Vital Farms’s quarterly revenue was up 31.3% compared to the same quarter last year. On average, research analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VITL. 1620 Investment Advisors Inc. bought a new stake in shares of Vital Farms during the second quarter valued at approximately $42,000. Brown Brothers Harriman & Co. bought a new stake in shares of Vital Farms in the 3rd quarter worth $35,000. CWM LLC raised its stake in shares of Vital Farms by 162.9% in the second quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $49,000 after purchasing an additional 655 shares during the last quarter. Quarry LP lifted its holdings in shares of Vital Farms by 180.4% during the second 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. Finally, nVerses Capital LLC boosted its position in shares of Vital Farms by 66.7% during the second 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 last quarter. Institutional investors own 98.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on VITL shares. Jefferies Financial Group decreased their target price on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, November 11th. TD Cowen reduced their price target on Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. 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 research report on Thursday, October 10th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Vital Farms has a consensus rating of “Moderate Buy” and a consensus target price of $39.20.

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About Vital Farms

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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.

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Insider Buying and Selling by Quarter for Vital Farms (NASDAQ:VITL)

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