Key Points
- Matthew Ohayer sold 25,000 shares of Vital Farms (NASDAQ:VITL) on Dec. 1 at an average price of $33.17 for proceeds of $829,250, leaving him with 6,391,190 shares (a 0.39% reduction in his stake).
- This sale is part of recent insider disposals that total 155,000 shares (including 100,000 shares on Sept. 4 at $50.96 and two November sales), indicating ongoing insider selling activity.
- Vital Farms recently beat quarterly estimates (EPS $0.36 vs. $0.30) with revenue up 37.2% YoY; the company has a $1.37B market cap, a P/E of 23.12, and an analyst consensus of "Moderate Buy" with an average target of $51.20.
Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) insider Matthew Ohayer sold 25,000 shares of the company's stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $33.17, for a total transaction of $829,250.00. Following the completion of the transaction, the insider owned 6,391,190 shares in the company, valued at $211,995,772.30. This represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Matthew Ohayer also recently made the following trade(s):
- On Tuesday, November 4th, Matthew Ohayer sold 5,000 shares of Vital Farms stock. The shares were sold at an average price of $37.78, for a total transaction of $188,900.00.
- On Monday, November 3rd, Matthew Ohayer sold 25,000 shares of Vital Farms stock. The stock was sold at an average price of $31.92, for a total transaction of $798,000.00.
- On Thursday, September 4th, Matthew Ohayer sold 100,000 shares of Vital Farms stock. The shares were sold at an average price of $50.96, for a total transaction of $5,096,000.00.
Vital Farms Stock Performance
Shares of VITL stock opened at $30.52 on Thursday. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 23.12 and a beta of 1.06. Vital Farms, Inc. has a 52-week low of $28.87 and a 52-week high of $53.13. The company has a quick ratio of 2.15, a current ratio of 2.65 and a debt-to-equity ratio of 0.02. The company's 50 day moving average is $36.56 and its 200 day moving average is $39.03.
Vital Farms (NASDAQ:VITL - Get Free Report) last announced its earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. Vital Farms had a return on equity of 20.19% and a net margin of 8.50%.The business had revenue of $198.94 million for the quarter, compared to analysts' expectations of $191.35 million. During the same quarter last year, the firm earned $0.16 EPS. The business's revenue for the quarter was up 37.2% on a year-over-year basis. On average, sell-side analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on VITL shares. DA Davidson upped their price target on shares of Vital Farms from $51.00 to $52.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Lake Street Capital set a $60.00 price objective on shares of Vital Farms and gave the company a "buy" rating in a report on Friday, August 8th. Benchmark initiated coverage on Vital Farms in a research note on Thursday, November 13th. They issued a "buy" rating and a $60.00 target price for the company. Cowen reaffirmed a "buy" rating on shares of Vital Farms in a research report on Thursday, September 18th. Finally, Stifel Nicolaus increased their price objective on Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a report on Friday, August 8th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $51.20.
View Our Latest Stock Analysis on VITL
Institutional Investors Weigh In On Vital Farms
A number of institutional investors have recently modified their holdings of the business. American Century Companies Inc. grew its holdings in Vital Farms by 1,453.0% in the first quarter. American Century Companies Inc. now owns 1,243,467 shares of the company's stock valued at $37,888,000 after purchasing an additional 1,163,399 shares during the period. Wasatch Advisors LP lifted its position in shares of Vital Farms by 80.2% during the 2nd quarter. Wasatch Advisors LP now owns 2,074,803 shares of the company's stock valued at $79,921,000 after buying an additional 923,507 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Vital Farms by 97.4% during the 2nd quarter. Marshall Wace LLP now owns 1,234,008 shares of the company's stock valued at $47,534,000 after buying an additional 608,723 shares in the last quarter. Nuveen LLC acquired a new stake in Vital Farms in the 1st quarter valued at $17,633,000. Finally, Divisadero Street Capital Management LP increased its holdings in Vital Farms by 131.7% in the 3rd quarter. Divisadero Street Capital Management LP now owns 993,338 shares of the company's stock worth $40,876,000 after acquiring an additional 564,711 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.
Vital Farms Company Profile
(
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, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.
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