Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) insider Matthew Ohayer sold 24,000 shares of the business's stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $38.19, for a total transaction of $916,560.00. Following the sale, the insider now directly owns 7,038,890 shares of the company's stock, valued at $268,815,209.10. This represents a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Matthew Ohayer also recently made the following trade(s):
- On Monday, October 21st, Matthew Ohayer sold 24,000 shares of Vital Farms stock. The stock was sold at an average price of $39.09, for a total value of $938,160.00.
Vital Farms Stock Down 2.2 %
Shares of Vital Farms stock traded down $0.88 during midday trading on Monday, hitting $38.81. The company's stock had a trading volume of 717,147 shares, compared to its average volume of 820,227. Vital Farms, Inc. has a 1-year low of $14.16 and a 1-year high of $48.41. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.70 billion, a P/E ratio of 34.65 and a beta of 0.93. The stock has a 50-day simple moving average of $34.83 and a 200-day simple moving average of $36.26.
Vital Farms (NASDAQ:VITL - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The firm had revenue of $145.00 million during the quarter, compared to analysts' expectations of $145.27 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The business's revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 earnings per share. As a group, sell-side analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current year.
Wall Street Analyst Weigh In
VITL has been the subject of a number of analyst reports. Craig Hallum began coverage on Vital Farms in a report on Friday. They issued a "buy" rating and a $50.00 price target for the company. TD Cowen decreased their target price on Vital Farms from $46.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, November 8th. Jefferies Financial Group dropped their price objective on shares of Vital Farms from $45.00 to $41.00 and set a "buy" rating on the stock in a research note on Monday, November 11th. Finally, DA Davidson raised their target price on Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $41.00.
Read Our Latest Research Report on VITL
Hedge Funds Weigh In On Vital Farms
A number of institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP bought a new stake in Vital Farms in the 3rd quarter valued at $16,464,000. Millennium Management LLC increased its stake in Vital Farms by 651.3% during the second quarter. Millennium Management LLC now owns 494,153 shares of the company's stock valued at $23,112,000 after acquiring an additional 428,382 shares during the period. Emerald Advisers LLC lifted its position in shares of Vital Farms by 106.8% in the 3rd quarter. Emerald Advisers LLC now owns 706,440 shares of the company's stock worth $24,775,000 after acquiring an additional 364,837 shares during the period. Renaissance Technologies LLC lifted its position in shares of 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 acquiring an additional 331,000 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in shares of Vital Farms by 73.6% during the 2nd quarter. Acadian Asset Management LLC now owns 679,504 shares of the company's stock worth $31,766,000 after purchasing an additional 288,039 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors.
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, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.
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