Vital Farms, Inc. (NASDAQ:VITL) Director Sells $85,080.00 in Stock

Vital Farms, Inc. (NASDAQ:VITLGet Free Report) Director Karl Khoury sold 4,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $21.27, for a total transaction of $85,080.00. Following the completion of the sale, the director now directly owns 155,069 shares of the company’s stock, valued at approximately $3,298,317.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Vital Farms Stock Down 1.6 %

Shares of NASDAQ:VITL opened at $22.82 on Thursday. The firm’s 50 day moving average price is $16.97 and its 200 day moving average price is $14.14. The stock has a market cap of $953.88 million, a price-to-earnings ratio of 39.34 and a beta of 0.84. Vital Farms, Inc. has a fifty-two week low of $10.00 and a fifty-two week high of $23.34. The company has a quick ratio of 2.49, a current ratio of 3.00 and a debt-to-equity ratio of 0.05.

Vital Farms (NASDAQ:VITLGet Free Report) last issued its earnings results on Thursday, March 7th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The firm had revenue of $135.81 million for the quarter, compared to analysts’ expectations of $131.10 million. Vital Farms had a net margin of 5.42% and a return on equity of 14.22%. During the same quarter last year, the company earned $0.04 earnings per share. As a group, equities research analysts predict that Vital Farms, Inc. will post 0.8 earnings per share for the current fiscal year.

Institutional Trading of Vital Farms

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VITL. Vanguard Group Inc. raised its holdings in Vital Farms by 35.1% during the third quarter. Vanguard Group Inc. now owns 2,019,592 shares of the company’s stock worth $24,174,000 after purchasing an additional 524,679 shares in the last quarter. William Blair Investment Management LLC increased its holdings in shares of Vital Farms by 25.1% in the 3rd quarter. William Blair Investment Management LLC now owns 2,062,551 shares of the company’s stock valued at $23,884,000 after acquiring an additional 413,475 shares during the period. Alyeska Investment Group L.P. acquired a new position in shares of Vital Farms in the 4th quarter valued at $4,327,000. Norges Bank acquired a new position in shares of Vital Farms in the 4th quarter valued at $4,295,000. Finally, BlackRock Inc. grew its position in Vital Farms by 7.9% in the 2nd quarter. BlackRock Inc. now owns 3,561,445 shares of the company’s stock valued at $42,702,000 after buying an additional 261,295 shares during the last quarter. Institutional investors and hedge funds own 64.21% of the company’s stock.

Analysts Set New Price Targets

VITL has been the subject of a number of analyst reports. TheStreet raised shares of Vital Farms from a “c” rating to a “b-” rating in a report on Monday. DA Davidson started coverage on shares of Vital Farms in a research note on Friday, December 8th. They set a “buy” rating and a $21.00 target price for the company. Finally, Stifel Nicolaus increased their target price on shares of Vital Farms from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Vital Farms has an average rating of “Moderate Buy” and a consensus price target of $18.20.

Read Our Latest Stock Analysis on Vital Farms

About Vital Farms

(Get Free Report)

Vital Farms, Inc, a food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, ghee, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.

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