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 firm’s stock in a transaction 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 transaction, the chief marketing officer now directly owns 46,203 shares of the company’s stock, valued at $1,944,222.24. This represents a 21.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Vital Farms Stock Up 1.4 %

Shares of VITL opened at $42.67 on Thursday. The firm has a market cap of $1.87 billion, a P/E ratio of 38.10 and a beta of 0.88. 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 52 week low of $14.16 and a 52 week high of $48.41. The firm’s 50-day simple moving average is $35.42 and its 200 day simple moving average is $35.78.

Vital Farms (NASDAQ:VITL) last posted its earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The company 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 firm’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. On average, analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Marshall Wace LLP boosted its position in shares of 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 acquiring an additional 214,839 shares during the period. Renaissance Technologies LLC raised its stake in Vital Farms by 73.0% in the 2nd quarter. Renaissance Technologies LLC now owns 784,153 shares of the company’s stock worth $36,675,000 after purchasing an additional 331,000 shares in the last quarter. Geode Capital Management LLC raised its stake in Vital Farms by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 749,659 shares of the company’s stock worth $26,296,000 after purchasing an additional 31,187 shares in the last quarter. Emerald Advisers LLC boosted its holdings in Vital Farms by 106.8% in the 3rd quarter. Emerald Advisers LLC now owns 706,440 shares of the company’s stock valued at $24,775,000 after purchasing an additional 364,837 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Vital Farms by 35.6% during the 3rd quarter. Principal Financial Group Inc. now owns 655,811 shares of the company’s stock worth $22,999,000 after purchasing an additional 172,249 shares in the last quarter. Institutional investors own 98.59% of the company’s stock.

Wall Street Analysts Forecast Growth

VITL has been the subject of a number of recent analyst reports. DA Davidson increased their price target on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. 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 target price for the company. Jefferies Financial Group lowered their price target on Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Finally, TD Cowen raised their price objective on Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.67.

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.