By otakuyassine3@gmail.com 
Vital Farms, Inc. (NASDAQ:VITL – Get Free Report) insider Matthew Ohayer sold 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $38.19, for a total transaction of $916,560.00. Following the sale, the insider now owns 7,038,890 shares of the company’s stock, valued at $268,815,209.10. This trade represents a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Matthew Ohayer also recently made the following trade(s):
- On Monday, October 21st, Matthew Ohayer sold 24,000 shares of Vital Farms stock. The shares were sold at an average price of $39.09, for a total value of $938,160.00.
Vital Farms Trading Up 1.3 %
Shares of Vital Farms stock opened at $39.33 on Thursday. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. Vital Farms, Inc. has a 12-month low of $14.16 and a 12-month high of $48.41. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 35.12 and a beta of 0.94. The firm’s 50-day moving average price is $34.77 and its two-hundred day moving average price is $36.23.
Vital Farms (NASDAQ:VITL – Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $145.00 million for the quarter, compared to analyst estimates of $145.27 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The firm’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. On average, analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.
Institutional Trading of Vital Farms
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. grew its position in Vital Farms by 35.6% during the 3rd quarter. Principal Financial Group Inc. now owns 655,811 shares of the company’s stock worth $22,999,000 after acquiring an additional 172,249 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Vital Farms by 10.2% during the third quarter. Franklin Resources Inc. now owns 372,583 shares of the company’s stock valued at $13,066,000 after purchasing an additional 34,412 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Vital Farms by 4.3% during the third quarter. Geode Capital Management LLC now owns 749,659 shares of the company’s stock worth $26,296,000 after purchasing an additional 31,187 shares during the last quarter. Vestcor Inc acquired a new position in shares of Vital Farms in the third quarter valued at approximately $848,000. Finally, Barclays PLC increased its stake in shares of Vital Farms by 57.3% in the third quarter. Barclays PLC now owns 95,444 shares of the company’s stock valued at $3,347,000 after buying an additional 34,758 shares during the period. Institutional investors own 98.59% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have commented on the company. DA Davidson upped their price objective on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Craig Hallum initiated coverage on shares of Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 price target on the stock. Jefferies Financial Group dropped their price objective on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Finally, TD Cowen decreased their target price on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. One equities 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.com, Vital Farms has a consensus rating of “Moderate Buy” and an average price target of $41.00.
View Our Latest Analysis on Vital Farms
Vital Farms Company Profile
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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