Vital Farms (NASDAQ:VITL) Insider Sells $5,113,000.00 in Stock

Key Points

• Insider Matthew Ohayer sold 100,000 shares of Vital Farms stock on August 29th for approximately $5.11 million, reducing his ownership stake by 1.46%.
• Vital Farms recently reported a 25.4% year-over-year revenue increase for the last quarter, totaling $184.77 million, with an EPS of $0.36, exceeding estimates.
• Analyst ratings for Vital Farms are predominantly positive, with eleven analysts giving a Buy rating and an average price target of $49.80.

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) insider Matthew Ohayer sold 100,000 shares of the company's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $51.13, for a total transaction of $5,113,000.00. Following the completion of the sale, the insider directly owned 6,727,070 shares of the company's stock, valued at $343,955,089.10. The trade was a 1.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, September 2nd, Matthew Ohayer sold 145,000 shares of Vital Farms stock. The stock was sold at an average price of $51.98, for a total transaction of $7,537,100.00.
• On Thursday, August 21st, Matthew Ohayer sold 4,200 shares of Vital Farms stock. The stock was sold at an average price of $50.25, for a total value 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 value of $40,248.00.
• On Wednesday, July 23rd, Matthew Ohayer sold 5,000 shares of Vital Farms stock. The shares were sold at an average price of $40.34, for a total transaction of $201,700.00.
• On Tuesday, July 1st, Matthew Ohayer sold 30,000 shares of Vital Farms stock. The shares were sold at an average price of $39.17, for a total transaction 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 transaction 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 transaction of $790,500.00.

Vital Farms Stock Down 0.9%

NASDAQ:VITL traded down $0.48 during trading hours on Friday, hitting $51.12. 556,213 shares of the stock traded hands, compared to its average volume of 1,071,230. The firm has a 50 day moving average price of $42.88 and a 200 day moving average price of $36.45. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 45.64 and a beta of 0.93. Vital Farms, Inc. has a fifty-two week low of $27.91 and a fifty-two week high of $53.13. The company has a current ratio of 2.48, a quick ratio of 2.10 and a debt-to-equity ratio of 0.02.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued 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. The business had revenue of $184.77 million during the quarter, compared to analysts' expectations of $170.28 million. Vital Farms had a return on equity of 18.40% and a net margin of 7.84%.Vital Farms's revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 earnings per share. Vital Farms has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. DA Davidson lifted their target price on Vital Farms from $51.00 to $52.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Lake Street Capital set a $60.00 price target on shares of Vital Farms and gave the stock a "buy" rating in a report on Friday, August 8th. BMO Capital Markets boosted their price objective on shares of Vital Farms from $50.00 to $60.00 and gave the company an "outperform" rating in a research report on Tuesday, September 2nd. Mizuho increased their target price on shares of Vital Farms from $45.00 to $53.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th. Finally, Stifel Nicolaus lifted their target price on shares of Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Vital Farms currently has a consensus rating of "Buy" and an average price target of $49.80.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd lifted its stake in shares of Vital Farms by 20,650.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,660 shares of the company's stock valued at $51,000 after purchasing an additional 1,652 shares during the last quarter. US Bancorp DE increased its position in 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 buying an additional 513 shares during the last quarter. CWM LLC raised its holdings in Vital Farms by 43.2% during the first quarter. CWM LLC now owns 2,154 shares of the company's stock valued at $66,000 after buying an additional 650 shares in the last quarter. Assetmark Inc. lifted 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 buying an additional 501 shares during the last quarter. Finally, State of Wyoming acquired a new stake in shares of Vital Farms in the second quarter worth about $141,000. Institutional investors own 98.59% of the company's stock.

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.