Vital Farms, Inc. (NASDAQ:VITL) Insider Sells $125,560.00 in Stock

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 4,000 shares of the 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 sale, the insider now owns 6,966,890 shares of the company’s stock, valued at $218,690,677.10. This trade represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a 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 shares were sold at an average price of $29.46, for a total value 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 Stock Performance

Shares of NASDAQ VITL opened at $30.27 on Friday. The stock has a 50 day moving average price of $35.49 and a 200 day moving average price of $35.63. The stock has a market capitalization of $1.34 billion, a PE ratio of 27.03 and a beta of 0.95. 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, Inc. has a 52 week low of $23.04 and a 52 week high of $48.41.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.08. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The firm had revenue of $165.99 million for the quarter, compared to analysts’ expectations of $160.32 million. Analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vital Farms

Hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP grew its position in Vital Farms by 417.8% during the 4th quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company’s stock worth $91,625,000 after acquiring an additional 1,961,550 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Vital Farms by 78.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,171,950 shares of the company’s stock worth $44,172,000 after buying an additional 516,139 shares during the period. Lord Abbett & CO. LLC increased its stake in Vital Farms by 64.6% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,058,753 shares of the company’s stock valued at $39,904,000 after purchasing an additional 415,614 shares in the last quarter. Jupiter Asset Management Ltd. increased its position in Vital Farms by 96.3% in the 4th quarter. Jupiter Asset Management Ltd. now owns 628,709 shares of the company’s stock valued at $23,696,000 after buying an additional 308,425 shares in the last quarter. Finally, Wasatch Advisors LP raised its position in shares of Vital Farms by 105.5% during the fourth quarter. Wasatch Advisors LP now owns 579,808 shares of the company’s stock worth $21,853,000 after purchasing an additional 297,684 shares during the period. 98.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VITL has been the subject of several research reports. William Blair reissued an “outperform” rating on shares of Vital Farms in a research report on Friday, February 28th. Morgan Stanley began coverage on Vital Farms in a report on Monday. They set an “overweight” rating and a $30.00 target price for the company. TD Cowen boosted their price target on Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Stifel Nicolaus upgraded Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Friday, February 28th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $52.00 target price on shares of Vital Farms in a research note on Thursday, March 13th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $42.00.

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.