Vital Farms, Inc. (NASDAQ:VITL – Get Free Report) 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 – Get Free Report) 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
Get Our Latest Stock Analysis on Vital Farms
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.
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