Vital Farms, Inc. (NASDAQ:VITL) Insider Matthew Ohayer Sells 4,000 Shares

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 4,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $31.39, for a total transaction of $125,560.00. Following the sale, the insider now directly owns 6,966,890 shares of the company’s stock, valued at approximately $218,690,677.10. This represents a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, March 19th, Matthew Ohayer sold 20,000 shares of Vital Farms stock. The shares were sold at an average price of $29.46, for a total value of $589,200.00.
• On Tuesday, January 21st, Matthew Ohayer sold 24,000 shares of Vital Farms stock. The stock was sold at an average price of $43.19, for a total value of $1,036,560.00.

Vital Farms Stock Performance

Shares of VITL stock opened at $29.72 on Friday. Vital Farms, Inc. has a fifty-two week low of $23.04 and a fifty-two week high of $48.41. The stock’s 50-day moving average is $35.18 and its two-hundred day moving average is $35.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The firm has a market cap of $1.32 billion, a P/E ratio of 26.54 and a beta of 0.95.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.08. The firm had revenue of $165.99 million for the quarter, compared to analyst estimates of $160.32 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. Analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vital Farms

A number of large investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC lifted its position in shares of Vital Farms by 152.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock worth $35,000 after buying an additional 540 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Vital Farms in the 3rd quarter worth approximately $35,000. US Bancorp DE boosted its position in Vital Farms by 160.3% during the fourth quarter. US Bancorp DE now owns 1,416 shares of the company’s stock worth $53,000 after purchasing an additional 872 shares during the period. Frazier Financial Advisors LLC bought a new stake in Vital Farms during the fourth quarter worth approximately $59,000. Finally, Mendota Financial Group LLC acquired a new position in Vital Farms during the fourth quarter valued at approximately $62,000. 98.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VITL has been the topic of a number of analyst reports. Morgan Stanley initiated coverage on Vital Farms in a research note on Monday, March 24th. They issued an “overweight” rating and a $30.00 price target on the stock. Craig Hallum began coverage on shares of Vital Farms in a research report on Friday, December 20th. They issued a “buy” rating and a $50.00 price target for the company. Stifel Nicolaus upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Friday, February 28th. TD Cowen increased their target price on Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Finally, DA Davidson lowered their price target on Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $42.00.

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.