Insider Selling: Vital Farms, Inc. (NASDAQ:VITL) Insider Sells $949,920.00 in Stock

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 24,000 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $39.58, for a total transaction of $949,920.00. Following the sale, the insider now owns 7,266,777 shares of the company’s stock, valued at $287,619,033.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, June 18th, Matthew Ohayer sold 24,000 shares of Vital Farms stock. The shares were sold at an average price of $42.56, for a total value of $1,021,440.00.
• On Friday, June 7th, Matthew Ohayer sold 8,142 shares of Vital Farms stock. The stock was sold at an average price of $42.56, for a total value of $346,523.52.
• On Wednesday, June 5th, Matthew Ohayer sold 10,430 shares of Vital Farms stock. The shares were sold at an average price of $44.51, for a total transaction of $464,239.30.
• On Thursday, May 30th, Matthew Ohayer sold 50,000 shares of Vital Farms stock. The stock was sold at an average price of $41.72, for a total transaction of $2,086,000.00.
• On Thursday, May 9th, Matthew Ohayer sold 4,000 shares of Vital Farms stock. The shares were sold at an average price of $33.15, for a total transaction of $132,600.00.

Vital Farms Stock Performance

NASDAQ:VITL opened at $37.12 on Friday. Vital Farms, Inc. has a twelve month low of $10.30 and a twelve month high of $48.41. The company has a quick ratio of 2.66, a current ratio of 3.10 and a debt-to-equity ratio of 0.05. The stock’s 50-day simple moving average is $42.21 and its 200 day simple moving average is $28.60. The firm has a market capitalization of $1.57 billion, a PE ratio of 43.67 and a beta of 0.98.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.20. The company had revenue of $147.93 million for the quarter, compared to the consensus estimate of $139.87 million. Vital Farms had a net margin of 7.48% and a return on equity of 19.58%. On average, analysts anticipate that Vital Farms, Inc. will post 0.98 EPS for the current fiscal year.

Institutional Trading of Vital Farms

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC lifted its stake in shares of Vital Farms by 162.9% in the 2nd quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after acquiring an additional 655 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in Vital Farms in the 2nd quarter worth about $42,000. Price T Rowe Associates Inc. MD raised its position in Vital Farms by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 26,510 shares of the company’s stock valued at $617,000 after purchasing an additional 1,402 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Vital Farms by 30.0% during the first quarter. Lazard Asset Management LLC now owns 14,422 shares of the company’s stock valued at $334,000 after purchasing an additional 3,327 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Vital Farms by 49.0% during the fourth quarter. New York State Common Retirement Fund now owns 10,169 shares of the company’s stock worth $160,000 after purchasing an additional 3,346 shares during the last quarter. Institutional investors own 98.59% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on VITL. TD Cowen raised their target price on shares of Vital Farms from $19.00 to $37.00 and gave the stock a “hold” rating in a report on Friday, May 10th. Stifel Nicolaus lifted their price objective on Vital Farms from $40.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday. William Blair began coverage on Vital Farms in a report on Wednesday, April 10th. They set an “outperform” rating on the stock. Lake Street Capital boosted their price target on Vital Farms from $26.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, DA Davidson increased their price objective on shares of Vital Farms from $28.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.80.

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.