By otakuyassine3@gmail.com 
Vital Farms, Inc. (NASDAQ:VITL – Get Free Report) CMO Kathryn Mckeon sold 12,300 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $44.05, for a total transaction of $541,815.00. Following the completion of the sale, the chief marketing officer now directly owns 46,203 shares in the company, valued at approximately $2,035,242.15. The trade was a 21.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.
Kathryn Mckeon also recently made the following trade(s):
- On Monday, January 13th, Kathryn Mckeon sold 12,300 shares of Vital Farms stock. The stock was sold at an average price of $42.08, for a total value of $517,584.00.
Vital Farms Price Performance
NASDAQ:VITL opened at $44.39 on Thursday. 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 cap of $1.94 billion, a price-to-earnings ratio of 39.63 and a beta of 0.88. Vital Farms, Inc. has a 52 week low of $14.37 and a 52 week high of $48.41. The firm’s 50-day simple moving average is $37.00 and its 200 day simple moving average is $35.82.
Vital Farms (NASDAQ:VITL – Get Free Report) last issued 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. 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 during the quarter, compared to analysts’ expectations of $145.27 million. During the same period in the previous year, the company posted $0.10 earnings per share. The firm’s revenue for the quarter was up 31.3% compared to the same quarter last year. As a group, sell-side analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current year.
Institutional Trading of Vital Farms
Several large investors have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. lifted its position in Vital Farms by 4.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 7,857 shares of the company’s stock worth $276,000 after purchasing an additional 329 shares during the period. Lifestyle Asset Management Inc. lifted its holdings in shares of Vital Farms by 5.1% during the 4th quarter. Lifestyle Asset Management Inc. now owns 10,345 shares of the company’s stock worth $390,000 after acquiring an additional 499 shares during the period. Quarry LP boosted its position in shares of Vital Farms by 180.4% during the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after acquiring an additional 830 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in Vital Farms in the third quarter valued at approximately $35,000. Finally, Dakota Wealth Management increased its stake in Vital Farms by 26.8% in the fourth quarter. Dakota Wealth Management now owns 7,250 shares of the company’s stock valued at $273,000 after acquiring an additional 1,534 shares during the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. TD Cowen lifted their target price on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Jefferies Financial Group decreased their price objective on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, November 11th. DA Davidson raised their target price on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Craig Hallum began coverage on shares of Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 price target on the stock. 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.67.
Check Out Our Latest Stock Analysis on Vital Farms
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.
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