Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) insider Matthew Ohayer sold 24,000 shares of the company's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $32.68, for a total value of $784,320.00. Following the completion of the transaction, the insider now directly owns 6,942,890 shares of the company's stock, valued at approximately $226,893,645.20. The trade was a 0.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Matthew Ohayer also recently made the following trade(s):
- On Monday, March 24th, Matthew Ohayer sold 4,000 shares of Vital Farms stock. The stock was sold at an average price of $31.39, for a total value of $125,560.00.
- On Wednesday, March 19th, Matthew Ohayer sold 20,000 shares of Vital Farms stock. The shares were sold at an average price of $29.46, for a total transaction of $589,200.00.
Vital Farms Trading Up 0.7 %
NASDAQ VITL opened at $33.73 on Thursday. The stock has a market capitalization of $1.49 billion, a P/E ratio of 30.12 and a beta of 0.96. The business has a 50 day simple moving average of $32.21 and a 200 day simple moving average of $35.48. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. Vital Farms, Inc. has a one year low of $24.87 and a one year high of $48.41.
Vital Farms (NASDAQ:VITL - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. The company had revenue of $165.99 million during the quarter, compared to the consensus estimate of $160.32 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. Research analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current year.
Institutional Investors Weigh In On Vital Farms
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nordea Investment Management AB acquired a new stake in shares of Vital Farms in the 4th quarter valued at about $2,765,000. JPMorgan Chase & Co. boosted its holdings in Vital Farms by 38.9% in the third quarter. JPMorgan Chase & Co. now owns 266,398 shares of the company's stock worth $9,343,000 after acquiring an additional 74,593 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Vital Farms in the fourth quarter worth approximately $699,000. Franklin Resources Inc. grew its stake in Vital Farms by 10.2% in the third quarter. Franklin Resources Inc. now owns 372,583 shares of the company's stock valued at $13,066,000 after acquiring an additional 34,412 shares during the period. Finally, Barclays PLC increased its holdings in shares of Vital Farms by 57.3% during the third quarter. Barclays PLC now owns 95,444 shares of the company's stock valued at $3,347,000 after acquiring an additional 34,758 shares in the last quarter. 98.59% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and set a $52.00 price target on shares of Vital Farms in a research note on Thursday, March 13th. Stifel Nicolaus raised Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 target price for the company in a research report on Friday, February 28th. TD Cowen upped their price target on Vital Farms from $41.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. DA Davidson lowered their price objective on Vital Farms from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Finally, Morgan Stanley reduced their target price on Vital Farms from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, Vital Farms currently has an average rating of "Buy" and an average target price of $43.13.
View Our Latest Analysis on Vital Farms
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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