Insider Selling: Vital Farms (NASDAQ:VITL) Insider Sells 800 Shares of Stock

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 800 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $50.31, for a total value of $40,248.00. Following the transaction, the insider owned 6,831,270 shares of the company’s stock, valued at $343,681,193.70. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, July 23rd, Matthew Ohayer sold 5,000 shares of Vital Farms stock. The stock was sold at an average price of $40.34, for a total value of $201,700.00.
• On Tuesday, July 1st, Matthew Ohayer sold 30,000 shares of Vital Farms stock. The stock was sold at an average price of $39.17, for a total value of $1,175,100.00.
• On Tuesday, June 17th, Matthew Ohayer sold 5,000 shares of Vital Farms stock. The stock was sold at an average price of $32.25, for a total value of $161,250.00.
• On Friday, June 13th, Matthew Ohayer sold 25,000 shares of Vital Farms stock. The stock was sold at an average price of $31.62, for a total value of $790,500.00.

Vital Farms Trading Up 1.5%

NASDAQ VITL opened at $50.94 on Friday. The business has a 50 day simple moving average of $39.84 and a 200 day simple moving average of $35.35. Vital Farms, Inc. has a one year low of $27.91 and a one year high of $51.55. The stock has a market capitalization of $2.28 billion, a P/E ratio of 45.48 and a beta of 0.94. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.48 and a quick ratio of 2.10.

Vital Farms (NASDAQ:VITL) last released its earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.27 by $0.09. Vital Farms had a return on equity of 18.40% and a net margin of 7.84%.The business had revenue of $184.77 million during the quarter, compared to analysts’ expectations of $170.28 million. During the same quarter last year, the firm posted $0.36 earnings per share. The firm’s revenue was up 25.4% on a year-over-year basis. Vital Farms has set its FY 2025 guidance at EPS. 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

Institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in Vital Farms by 417.8% in the fourth quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company’s stock worth $91,625,000 after purchasing an additional 1,961,550 shares during the last quarter. American Century Companies Inc. boosted its position in Vital Farms by 1,453.0% in the first quarter. American Century Companies Inc. now owns 1,243,467 shares of the company’s stock worth $37,888,000 after purchasing an additional 1,163,399 shares during the last quarter. Wasatch Advisors LP boosted its position in Vital Farms by 80.2% in the second quarter. Wasatch Advisors LP now owns 2,074,803 shares of the company’s stock worth $79,921,000 after purchasing an additional 923,507 shares during the last quarter. Marshall Wace LLP boosted its position in Vital Farms by 97.4% in the second quarter. Marshall Wace LLP now owns 1,234,008 shares of the company’s stock worth $47,534,000 after purchasing an additional 608,723 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Vital Farms in the first quarter worth $17,633,000. Institutional investors own 98.59% of the company’s stock.

Analyst Ratings Changes

VITL has been the subject of several recent research reports. Stifel Nicolaus boosted their price objective on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 8th. Lake Street Capital set a $60.00 price objective on Vital Farms and gave the company a “buy” rating in a report on Friday, August 8th. DA Davidson boosted their price objective on Vital Farms from $51.00 to $52.00 and gave the company a “buy” rating in a report on Monday, August 11th. Telsey Advisory Group lifted their target price on Vital Farms from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Vital Farms in a report on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $48.20.

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.