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

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 4,000 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $31.39, for a total value of $125,560.00. Following the completion of the transaction, the insider now owns 6,966,890 shares of the company’s stock, valued at approximately $218,690,677.10. The trade was a 0.06 % decrease in their ownership of the stock. 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 Wednesday, March 19th, Matthew Ohayer sold 20,000 shares of Vital Farms stock. The stock was sold at an average price of $29.46, for a total transaction of $589,200.00.
• 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 NASDAQ VITL traded down $1.46 during mid-day trading on Wednesday, reaching $31.00. The company’s stock had a trading volume of 600,991 shares, compared to its average volume of 986,449. The stock has a market capitalization of $1.37 billion, a P/E ratio of 27.68 and a beta of 0.95. Vital Farms, Inc. has a 1-year low of $22.82 and a 1-year high of $48.41. The stock has a 50-day moving average of $35.98 and a two-hundred day moving average of $35.70. 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 issued its earnings results on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.08. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The business had revenue of $165.99 million for the quarter, compared to analysts’ expectations of $160.32 million. On average, equities research analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on VITL shares. DA Davidson dropped their target price on Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $52.00 target price on shares of Vital Farms in a report on Thursday, March 13th. Stifel Nicolaus raised shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Friday, February 28th. William Blair reaffirmed an “outperform” rating on shares of Vital Farms in a report on Friday, February 28th. Finally, Morgan Stanley started coverage on Vital Farms in a research report on Monday. They set an “overweight” rating and a $30.00 target price on the stock. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $42.00.

Institutional Investors Weigh In On Vital Farms

A number of hedge funds have recently modified their holdings of VITL. Brown Brothers Harriman & Co. purchased a new stake in shares of Vital Farms during the 3rd quarter valued at approximately $35,000. CIBC Private Wealth Group LLC raised its position in Vital Farms by 152.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock valued at $35,000 after purchasing an additional 540 shares during the period. US Bancorp DE lifted its stake in shares of Vital Farms by 160.3% in the 4th quarter. US Bancorp DE now owns 1,416 shares of the company’s stock valued at $53,000 after purchasing an additional 872 shares during the last quarter. Frazier Financial Advisors LLC purchased a new position in shares of Vital Farms during the 4th quarter worth $59,000. Finally, Mendota Financial Group LLC acquired a new stake in shares of Vital Farms during the 4th quarter worth about $62,000. Hedge funds and other 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.