Insider Selling: Vital Farms, Inc. (NASDAQ:VITL) Insider Sells $938,160.00 in Stock

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $39.09, for a total transaction of $938,160.00. Following the sale, the insider now directly owns 7,194,777 shares in the company, valued at approximately $281,243,832.93. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Vital Farms Stock Performance

Shares of VITL stock opened at $35.37 on Friday. Vital Farms, Inc. has a fifty-two week low of $10.65 and a fifty-two week high of $48.41. The stock’s 50-day moving average is $34.38 and its two-hundred day moving average is $35.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.50 and a quick ratio of 3.03. The firm has a market cap of $1.49 billion, a P/E ratio of 41.61 and a beta of 0.97.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.20 by $0.16. The business had revenue of $147.39 million during the quarter, compared to analysts’ expectations of $138.41 million. Vital Farms had a return on equity of 22.77% and a net margin of 8.70%. The firm’s quarterly revenue was up 38.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 EPS. Analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on VITL. TD Cowen upgraded Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Friday, August 9th. Stifel Nicolaus dropped their target price on Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Finally, DA Davidson raised their price target on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.20.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. 1620 Investment Advisors Inc. acquired a new stake in shares of Vital Farms in the 2nd quarter valued at $42,000. CWM LLC raised its holdings in Vital Farms by 162.9% during the second quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after buying an additional 655 shares in the last quarter. Quarry LP lifted its position in shares of Vital Farms by 180.4% in the second quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after buying an additional 830 shares during the last quarter. nVerses Capital LLC boosted its stake in shares of Vital Farms by 66.7% during the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock worth $94,000 after acquiring an additional 800 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Vital Farms during the 2nd quarter worth about $97,000. Institutional investors and hedge funds own 98.59% of the company’s stock.

About Vital Farms

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.