Russell Diez-Canseco Sells 16,734 Shares of Vital Farms (NASDAQ:VITL) Stock

Vital Farms, Inc. (NASDAQ:VITL) CEO Russell Diez-Canseco sold 16,734 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $35.05, for a total transaction of $586,526.70. Following the transaction, the chief executive officer directly owned 649,684 shares in the company, valued at approximately $22,771,424.20. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, October 8th, Russell Diez-Canseco sold 9,667 shares of Vital Farms stock. The stock was sold at an average price of $44.39, for a total transaction of $429,118.13.

Vital Farms Trading Down 1.6%

Shares of VITL opened at $32.25 on Friday. Vital Farms, Inc. has a 1-year low of $28.87 and a 1-year high of $53.13. The company has a current ratio of 2.65, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average price is $34.52 and its 200-day moving average price is $38.95. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 24.43 and a beta of 1.06.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.30 by $0.06. Vital Farms had a net margin of 8.50% and a return on equity of 20.19%. The business had revenue of $198.94 million during the quarter, compared to analyst estimates of $191.35 million. During the same period last year, the business posted $0.16 earnings per share. Vital Farms’s quarterly revenue was up 37.2% compared to the same quarter last year. Sell-side analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new position in Vital Farms in the 3rd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Vital Farms in the 3rd quarter worth $55,000. US Bancorp DE raised its stake in shares of Vital Farms by 36.2% in the first quarter. US Bancorp DE now owns 1,929 shares of the company’s stock worth $59,000 after purchasing an additional 513 shares during the last quarter. Virtus Advisers LLC purchased a new position in shares of Vital Farms in the third quarter worth $105,000. Finally, Assetmark Inc. lifted its holdings in shares of Vital Farms by 18.9% during the second quarter. Assetmark Inc. now owns 3,153 shares of the company’s stock valued at $121,000 after purchasing an additional 501 shares in the last quarter. Institutional investors own 98.59% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on VITL shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $52.00 price target on shares of Vital Farms in a research note on Wednesday. TD Cowen dropped their target price on shares of Vital Farms from $59.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Vital Farms in a research note on Thursday. Cowen reissued a “buy” rating on shares of Vital Farms in a research report on Thursday. Finally, Benchmark restated a “buy” rating on shares of Vital Farms in a report on Wednesday. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $49.92.

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.