Vital Farms, Inc. (NASDAQ:VITL) Insider Sells $1,036,560.00 in Stock

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $43.19, for a total value of $1,036,560.00. Following the completion of the sale, the insider now owns 7,014,890 shares of the company’s stock, valued at $302,973,099.10. The trade was a 0.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, December 19th, Matthew Ohayer sold 24,000 shares of Vital Farms stock. The stock was sold at an average price of $38.19, for a total transaction of $916,560.00.

Vital Farms Trading Down 4.4 %

NASDAQ VITL opened at $43.14 on Friday. The stock has a market cap of $1.89 billion, a P/E ratio of 38.52 and a beta of 0.88. Vital Farms, Inc. has a fifty-two week low of $14.37 and a fifty-two week high of $48.41. The stock has a 50 day simple moving average of $37.63 and a two-hundred day simple moving average of $35.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $145.00 million during the quarter, compared to analyst estimates of $145.27 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The firm’s revenue was up 31.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 earnings per share. On average, analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VITL. TD Cowen boosted their price target on shares of Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. DA Davidson boosted their target price on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Jefferies Financial Group lowered their target price on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Craig Hallum initiated coverage on Vital Farms in a research report on Friday, December 20th. They issued a “buy” rating and a $50.00 price objective for the company. Finally, Stifel Nicolaus boosted their price objective on Vital Farms from $34.00 to $44.00 and gave the company a “hold” rating in a research report on Friday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.33.

Institutional Investors Weigh In On Vital Farms

A number of large investors have recently modified their holdings of VITL. Marshall Wace LLP raised its stake in Vital Farms by 29.7% in the second quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock worth $43,859,000 after buying an additional 214,839 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Vital Farms by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 749,659 shares of the company’s stock valued at $26,296,000 after purchasing an additional 31,187 shares during the period. Emerald Advisers LLC lifted its stake in shares of Vital Farms by 106.8% in the 3rd quarter. Emerald Advisers LLC now owns 706,440 shares of the company’s stock valued at $24,775,000 after purchasing an additional 364,837 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Vital Farms by 35.6% in the 3rd quarter. Principal Financial Group Inc. now owns 655,811 shares of the company’s stock valued at $22,999,000 after purchasing an additional 172,249 shares during the period. Finally, Emerald Mutual Fund Advisers Trust lifted its stake in shares of Vital Farms by 93.9% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 531,676 shares of the company’s stock valued at $18,646,000 after purchasing an additional 257,492 shares during the period. Institutional investors own 98.59% of the company’s stock.

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.