Insider Selling: Vital Farms (NASDAQ:VITL) Insider Sells $188,900.00 in Stock

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 5,000 shares of Vital Farms stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $37.78, for a total value of $188,900.00. Following the completion of the sale, the insider owned 6,417,070 shares of the company’s stock, valued at approximately $242,436,904.60. The trade was a 0.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Matthew Ohayer also recently made the following trade(s):

• On Monday, November 3rd, Matthew Ohayer sold 25,000 shares of Vital Farms stock. The shares were sold at an average price of $31.92, for a total transaction of $798,000.00.
• On Thursday, September 4th, Matthew Ohayer sold 100,000 shares of Vital Farms stock. The stock was sold at an average price of $50.96, for a total transaction of $5,096,000.00.
• On Tuesday, September 2nd, Matthew Ohayer sold 145,000 shares of Vital Farms stock. The shares were sold at an average price of $51.98, for a total value of $7,537,100.00.
• On Friday, August 29th, Matthew Ohayer sold 100,000 shares of Vital Farms stock. The shares were sold at an average price of $51.13, for a total value of $5,113,000.00.
• On Thursday, August 21st, Matthew Ohayer sold 4,200 shares of Vital Farms stock. The shares were sold at an average price of $50.25, for a total transaction of $211,050.00.
• On Tuesday, August 19th, Matthew Ohayer sold 800 shares of Vital Farms stock. The stock was sold at an average price of $50.31, for a total transaction of $40,248.00.

Vital Farms Stock Performance

Shares of VITL opened at $34.68 on Friday. The firm has a market capitalization of $1.55 billion, a P/E ratio of 26.27 and a beta of 0.86. Vital Farms, Inc. has a 52 week low of $27.91 and a 52 week high of $53.13. The stock has a 50 day moving average price of $42.11 and a two-hundred day moving average price of $39.29. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.65.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.06. Vital Farms had a return on equity of 20.19% and a net margin of 8.50%.The business had revenue of $198.94 million during the quarter, compared to the consensus estimate of $191.35 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. Vital Farms’s revenue was up 37.2% compared to the same quarter last year. Vital Farms has set its FY 2025 guidance at EPS. Equities analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VITL has been the topic of several research analyst reports. DA Davidson boosted their price objective on Vital Farms from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Stifel Nicolaus boosted their price objective on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Mizuho upped their price objective on shares of Vital Farms from $45.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Telsey Advisory Group reiterated an “outperform” rating and issued a $50.00 target price on shares of Vital Farms in a research note on Wednesday. Finally, Zacks Research upgraded shares of Vital Farms from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $49.80.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Exchange Traded Concepts LLC bought a new stake in Vital Farms during the third quarter valued at $28,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Vital Farms by 20,650.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,660 shares of the company’s stock valued at $51,000 after acquiring an additional 1,652 shares during the last quarter. US Bancorp DE grew its holdings in shares of Vital Farms by 36.2% during the first quarter. US Bancorp DE now owns 1,929 shares of the company’s stock worth $59,000 after purchasing an additional 513 shares in the last quarter. CWM LLC increased its position in shares of Vital Farms by 43.2% in the first quarter. CWM LLC now owns 2,154 shares of the company’s stock worth $66,000 after purchasing an additional 650 shares during the last quarter. Finally, Assetmark Inc. increased its position in shares of Vital Farms by 18.9% in the second quarter. Assetmark Inc. now owns 3,153 shares of the company’s stock worth $121,000 after purchasing an additional 501 shares during the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

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.