Key Points
- Major shareholder Matthew O’Hayer sold 23,250 Vital Farms shares at an average of $9.56, for $222,270, leaving him with 6,238,720 shares. He also sold 66,200 shares on November 9 and 3,550 on November 6.
- Vital Farms reported quarterly revenue of $182.16 million, slightly above estimates, but a loss of $0.15 per share that missed forecasts; revenue fell 8.4% year over year.
- The stock traded at $9.07, while analysts’ consensus rating was Hold with an average price target of $12.64.
Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) major shareholder Matthew O'Hayer sold 23,250 shares of the firm's stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $9.56, for a total value of $222,270.00. Following the transaction, the insider owned 6,238,720 shares of the company's stock, valued at approximately $59,642,163.20. The trade was a 0.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Matthew Ohayer also recently made the following trade(s):
- On Monday, November 9th, Matthew O'Hayer sold 66,200 shares of Vital Farms stock. The stock was sold at an average price of $9.68, for a total value of $640,816.00.
- On Friday, November 6th, Matthew O'Hayer sold 3,550 shares of Vital Farms stock. The stock was sold at an average price of $9.53, for a total value of $33,831.50.
Vital Farms Price Performance
Vital Farms stock traded up $0.10 during midday trading on Friday, reaching $9.07. 1,243,951 shares of the stock traded hands, compared to its average volume of 1,908,280. The stock's fifty day moving average is $9.59 and its 200-day moving average is $13.21. Vital Farms, Inc. has a 12 month low of $7.95 and a 12 month high of $36.10. The stock has a market cap of $389.47 million, a P/E ratio of -16.49 and a beta of 1.16. The company has a quick ratio of 1.20, a current ratio of 1.56 and a debt-to-equity ratio of 0.42.
Vital Farms (NASDAQ:VITL - Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04). The firm had revenue of $182.16 million for the quarter, compared to analysts' expectations of $181.78 million. Vital Farms had a negative net margin of 3.03% and a negative return on equity of 3.74%. The business's quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 EPS. As a group, equities research analysts anticipate that Vital Farms, Inc. will post -0.82 EPS for the current year.
Wall Street Analysts Forecast Growth
VITL has been the subject of a number of research reports. Zacks Research upgraded Vital Farms from a "strong sell" rating to a "hold" rating in a research report on Monday, August 10th. UBS Group reissued a "buy" rating and issued a $18.00 target price on shares of Vital Farms in a report on Tuesday, November 10th. TD Cowen reduced their price target on shares of Vital Farms from $11.00 to $8.00 and set a "hold" rating on the stock in a research report on Tuesday, October 13th. Benchmark raised shares of Vital Farms from a "hold" rating to a "buy" rating in a research note on Thursday, August 6th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Vital Farms in a research note on Wednesday, November 4th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $12.64.
Get Our Latest Report on Vital Farms
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Vital Farms during the second quarter valued at approximately $60,153,000. Van Berkom & Associates Inc. lifted its stake in shares of Vital Farms by 1,998.7% in the 1st quarter. Van Berkom & Associates Inc. now owns 2,261,533 shares of the company's stock valued at $31,933,000 after purchasing an additional 2,153,775 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Vital Farms by 41.6% in the 1st quarter. Principal Financial Group Inc. now owns 2,153,008 shares of the company's stock worth $30,400,000 after purchasing an additional 632,537 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Vital Farms by 46.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,405,032 shares of the company's stock worth $19,836,000 after purchasing an additional 447,728 shares during the period. Finally, Cibc World Market Inc. boosted its holdings in shares of Vital Farms by 1.0% in the 3rd quarter. Cibc World Market Inc. now owns 1,126,335 shares of the company's stock worth $10,452,000 after purchasing an additional 10,692 shares during the period. Hedge funds and other institutional investors own 98.59% of the company's stock.
Vital Farms Company Profile
(
Get Free Report)
Vital Farms, Inc. is a food company that produces and markets pasture-raised eggs and butter. Its products are sold under the Vital Farms brand and include shell eggs, hard-boiled eggs and butter. Founded in 2007 and headquartered in Austin, Texas, the company works with a network of family farms that raise hens on pasture. Vital Farms sources its products from farms primarily across the United States. The company distributes its products through grocery retailers and other food channels, including foodservice.
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