Vital Farms (NASDAQ:VITL) Stock: Insider Matthew Ohayer Sells 23,250 Shares

Vital Farms, Inc. (NASDAQ:VITL) major shareholder Matthew O’Hayer sold 23,250 shares of Vital Farms stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $9.56, for a total value of $222,270.00. Following the completion of the sale, the insider directly owned 6,238,720 shares of the company’s stock, valued at approximately $59,642,163.20. The trade was a 0.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, November 9th, Matthew O’Hayer sold 66,200 shares of Vital Farms stock. The stock was sold at an average price of $9.68, for a total value of $640,816.00.
• On Friday, November 6th, Matthew O’Hayer sold 3,550 shares of Vital Farms stock. The shares were sold at an average price of $9.53, for a total value of $33,831.50.

Vital Farms Stock Performance

Shares of Vital Farms stock traded up $0.10 during trading on Friday, hitting $9.07. 1,243,948 shares of the company’s stock traded hands, compared to its average volume of 2,267,079. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.56 and a quick ratio of 1.20. Vital Farms, Inc. has a 1 year low of $7.95 and a 1 year high of $36.10. The stock has a market capitalization of $389.47 million, a P/E ratio of -16.49 and a beta of 1.16. The business has a 50-day simple moving average of $9.61 and a 200-day simple moving average of $13.30.

Vital Farms (NASDAQ:VITL) last issued its earnings results on Tuesday, November 3rd. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). Vital Farms had a negative return on equity of 3.74% and a negative net margin of 3.03%. The business had revenue of $182.16 million during the quarter, compared to analysts’ expectations of $181.78 million. During the same period last year, the firm posted $0.36 EPS. Vital Farms’s quarterly revenue was down 8.4% compared to the same quarter last year. As a group, analysts forecast that Vital Farms, Inc. will post -0.82 EPS for the current year.

Institutional Trading of Vital Farms

Several hedge funds have recently bought and sold shares of VITL. Freestone Grove Partners LP bought a new position in shares of Vital Farms in the second quarter worth about $26,000. Frazier Financial Advisors LLC bought a new position in shares of Vital Farms during the 2nd quarter valued at approximately $27,000. GAMMA Investing LLC increased its holdings in Vital Farms by 196.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,367 shares of the company’s stock worth $39,000 after acquiring an additional 2,232 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Vital Farms in the 2nd quarter worth approximately $42,000. Finally, Pinnacle Wealth Planning Services Inc. increased its holdings in Vital Farms by 77.0% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 4,697 shares of the company’s stock worth $44,000 after acquiring an additional 2,044 shares in the last quarter. Institutional investors own 98.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VITL. UBS Group reissued a “buy” rating and issued a $18.00 target price on shares of Vital Farms in a report on Tuesday. Craig Hallum raised shares of Vital Farms from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Tuesday, November 3rd. Benchmark upgraded shares of Vital Farms from a “hold” rating to a “buy” rating in a research note on Thursday, August 6th. DA Davidson set a $10.00 price objective on shares of Vital Farms in a report on Tuesday, October 27th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Vital Farms in a research report on Wednesday, November 4th. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.64.

About Vital Farms

Vital Farms, Inc. is a food company that produces and markets pasture-raised eggs and butter. Its products are sold under the Vital Farms brand and include shell eggs, hard-boiled eggs and butter. Founded in 2007 and headquartered in Austin, Texas, the company works with a network of family farms that raise hens on pasture. Vital Farms sources its products from farms primarily across the United States. The company distributes its products through grocery retailers and other food channels, including foodservice.