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

Vital Farms, Inc. (NASDAQ:VITL) CMO Kathryn Mckeon sold 12,300 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $44.05, for a total transaction of $541,815.00. Following the completion of the transaction, the chief marketing officer now directly owns 46,203 shares of the company’s stock, valued at $2,035,242.15. This trade represents a 21.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Kathryn Mckeon also recently made the following trade(s):

• On Monday, January 13th, Kathryn Mckeon sold 12,300 shares of Vital Farms stock. The shares were sold at an average price of $42.08, for a total transaction of $517,584.00.

Vital Farms Stock Performance

Shares of VITL stock opened at $44.39 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. Vital Farms, Inc. has a one year low of $14.37 and a one year high of $48.41. The business’s 50 day simple moving average is $37.00 and its 200 day simple moving average is $35.82. The stock has a market capitalization of $1.94 billion, a PE ratio of 39.63 and a beta of 0.88.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $145.00 million during the quarter, compared to analysts’ expectations of $145.27 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. Vital Farms’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 earnings per share. As a group, research analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Craig Hallum began coverage on shares of Vital Farms in a report on Friday, December 20th. They set a “buy” rating and a $50.00 price target for the company. DA Davidson increased their target price on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. TD Cowen boosted their price target on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, Jefferies Financial Group dropped their price objective on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Vital Farms has an average rating of “Moderate Buy” and a consensus target price of $41.67.

Institutional Investors Weigh In On Vital Farms

Several large investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. bought a new position in shares of Vital Farms during the 3rd quarter worth approximately $35,000. Quarry LP grew its holdings in Vital Farms by 180.4% in the second quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after purchasing an additional 830 shares during the period. Mendota Financial Group LLC bought a new stake in Vital Farms in the fourth quarter valued at $62,000. nVerses Capital LLC raised its holdings in shares of Vital Farms by 130.0% during the third quarter. nVerses Capital LLC now owns 4,600 shares of the company’s stock valued at $161,000 after purchasing an additional 2,600 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in shares of Vital Farms during the 2nd quarter worth about $168,000. Institutional investors and hedge funds own 98.59% of the company’s stock.

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.