Matthew Ohayer Sells 24,000 Shares of Vital Farms, Inc. (NASDAQ:VITL) Stock

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 24,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.19, for a total transaction of $1,036,560.00. Following the transaction, the insider now directly owns 7,014,890 shares of the company’s stock, valued at $302,973,099.10. This represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

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

Vital Farms Price Performance

VITL stock opened at $43.14 on Friday. The firm has a 50 day moving average of $37.63 and a 200-day moving average of $35.86. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. Vital Farms, Inc. has a 12 month low of $14.37 and a 12 month high of $48.41. The firm has a market capitalization of $1.89 billion, a P/E ratio of 38.52 and a beta of 0.88.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter last year, the company earned $0.10 earnings per share. As a group, sell-side analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Institutional Trading of Vital Farms

A number of large investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. bought a new stake in Vital Farms during the third quarter valued at approximately $35,000. Quarry LP lifted its position in Vital Farms by 180.4% during the second quarter. Quarry LP now owns 1,290 shares of the company’s stock valued at $60,000 after purchasing an additional 830 shares during the last quarter. Mendota Financial Group LLC bought a new stake in shares of Vital Farms during the 4th quarter worth $62,000. nVerses Capital LLC lifted its holdings in shares of Vital Farms by 130.0% during the 3rd quarter. nVerses Capital LLC now owns 4,600 shares of the company’s stock worth $161,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Vital Farms during the 2nd quarter worth $168,000. Institutional investors own 98.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on VITL shares. Jefferies Financial Group cut their price target 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. Stifel Nicolaus increased their target price on shares of Vital Farms from $34.00 to $44.00 and gave the stock a “hold” rating in a research report on Friday. DA Davidson increased their target price on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. TD Cowen raised their price objective on shares of Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, Craig Hallum assumed coverage on shares of Vital Farms in a report on Friday, December 20th. They issued a “buy” rating and a $50.00 price objective for the company. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.33.

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.