Insider Selling: Vital Farms, Inc. (NASDAQ:VITL) Insider Sells 20,000 Shares of Stock

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $29.46, for a total transaction of $589,200.00. Following the sale, the insider now directly owns 6,970,890 shares of the company’s stock, valued at approximately $205,362,419.40. This represents a 0.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, January 21st, Matthew Ohayer sold 24,000 shares of Vital Farms stock. The shares were sold at an average price of $43.19, for a total transaction of $1,036,560.00.

Vital Farms Price Performance

Shares of VITL traded up $0.27 during midday trading on Friday, reaching $29.79. The stock had a trading volume of 698,318 shares, compared to its average volume of 985,127. The firm’s 50 day moving average price is $36.58 and its 200-day moving average price is $35.61. Vital Farms, Inc. has a 52 week low of $22.62 and a 52 week high of $48.41. The company has a market capitalization of $1.32 billion, a P/E ratio of 26.60 and a beta of 0.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81.

Vital Farms (NASDAQ:VITL) last issued its earnings results on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The firm had revenue of $165.99 million during the quarter, compared to analysts’ expectations of $160.32 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. On average, analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VITL has been the topic of a number of recent analyst reports. TD Cowen lifted their price target on Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Craig Hallum started coverage on Vital Farms in a research note on Friday, December 20th. They set a “buy” rating and a $50.00 target price on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $52.00 price target on shares of Vital Farms in a research note on Thursday, March 13th. 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 note on Friday, February 28th. Finally, William Blair reaffirmed an “outperform” rating on shares of Vital Farms in a report on Friday, February 28th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vital Farms presently has an average rating of “Buy” and an average price target of $43.71.

Hedge Funds Weigh In On Vital Farms

A number of hedge funds have recently modified their holdings of the stock. Nordea Investment Management AB purchased a new stake in shares of Vital Farms during the fourth quarter valued at $2,765,000. JPMorgan Chase & Co. raised its holdings in Vital Farms by 38.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 266,398 shares of the company’s stock worth $9,343,000 after buying an additional 74,593 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Vital Farms by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 253,434 shares of the company’s stock valued at $8,888,000 after buying an additional 14,426 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Vital Farms by 10.2% in the third quarter. Franklin Resources Inc. now owns 372,583 shares of the company’s stock worth $13,066,000 after buying an additional 34,412 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in shares of Vital Farms in the fourth quarter worth approximately $699,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

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.