Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) insider Matthew Ohayer sold 24,000 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $268,815,209.10. This trade represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Matthew Ohayer also recently made the following trade(s):
Shares of VITL traded down $0.88 during trading hours on Monday, reaching $38.81. 670,315 shares of the company's stock traded hands, compared to its average volume of 819,604. Vital Farms, Inc. has a 12 month low of $14.16 and a 12 month high of $48.41. The firm's 50 day simple moving average is $34.83 and its 200-day simple moving average is $36.26. The stock has a market cap of $1.70 billion, a PE ratio of 34.65 and a beta of 0.93. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04.
Vital Farms (NASDAQ:VITL - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping 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 company'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 business earned $0.10 EPS. Equities analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current year.
Large investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. purchased a new stake in Vital Farms in the 3rd quarter worth approximately $35,000. Quarry LP raised its holdings in shares of Vital Farms by 180.4% during the second quarter. Quarry LP now owns 1,290 shares of the company's stock valued at $60,000 after acquiring an additional 830 shares in the last quarter. nVerses Capital LLC lifted its stake in Vital Farms by 66.7% in the second quarter. nVerses Capital LLC now owns 2,000 shares of the company's stock worth $94,000 after acquiring an additional 800 shares during the period. Quest Partners LLC bought a new stake in Vital Farms in the second quarter valued at $97,000. Finally, Canada Pension Plan Investment Board purchased a new position in Vital Farms during the 2nd quarter valued at $168,000. 98.59% of the stock is owned by institutional investors.
VITL has been the subject of a number of recent research reports. Craig Hallum started coverage on shares of Vital Farms in a research note on Friday. They issued a "buy" rating and a $50.00 price objective for the company. DA Davidson lifted their price target 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 dropped their price objective on Vital Farms from $46.00 to $41.00 and set a "buy" rating on the stock in a report on Friday, November 8th. Finally, Jefferies Financial Group reduced their target price on 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 assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.
Read Our Latest Analysis on VITL
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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