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

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 24,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $43.19, for a total value of $1,036,560.00. Following the completion of the transaction, the insider now owns 7,014,890 shares in the company, valued at $302,973,099.10. The trade was a 0.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 Trading Up 1.6 %

Shares of NASDAQ:VITL traded up $0.73 during midday trading on Thursday, reaching $45.12. 685,622 shares of the company’s stock were exchanged, compared to its average volume of 1,096,757. The firm’s 50 day simple moving average is $37.00 and its two-hundred day simple moving average is $35.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 40.29 and a beta of 0.88. Vital Farms, Inc. has a fifty-two week low of $14.37 and a fifty-two week high of $48.41.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $145.00 million during the quarter, compared to the consensus estimate of $145.27 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The company’s quarterly revenue was up 31.3% on a year-over-year basis. During the same period last year, the company earned $0.10 EPS. As a group, sell-side analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. DA Davidson raised their price objective on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 10th. TD Cowen lifted their price target on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Craig Hallum initiated coverage on Vital Farms in a report on Friday, December 20th. They set a “buy” rating and a $50.00 price target on the stock. Finally, Jefferies Financial Group reduced their price target on Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, November 11th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.67.

Hedge Funds Weigh In On Vital Farms

Institutional investors have recently bought and sold shares of the company. Nordea Investment Management AB acquired a new position in Vital Farms in the 4th quarter valued at about $2,765,000. Marshall Wace LLP grew its position in Vital Farms by 29.7% in the 2nd quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock valued at $43,859,000 after acquiring an additional 214,839 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Vital Farms by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 253,434 shares of the company’s stock valued at $8,888,000 after acquiring an additional 14,426 shares in the last quarter. JPMorgan Chase & Co. grew its position in Vital Farms by 38.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 266,398 shares of the company’s stock valued at $9,343,000 after acquiring an additional 74,593 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Vital Farms by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 372,583 shares of the company’s stock valued at $13,066,000 after acquiring an additional 34,412 shares in the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.

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.