Matthew Ohayer Sells 20,000 Shares of Vital Farms, Inc. (NASDAQ:VITL) Stock

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $29.46, for a total value of $589,200.00. Following the sale, the insider now directly owns 6,970,890 shares of the company’s stock, valued at approximately $205,362,419.40. This represents a 0.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 value of $1,036,560.00.

Vital Farms Stock Performance

VITL opened at $29.79 on Friday. The stock has a market cap of $1.32 billion, a P/E ratio of 26.60 and a beta of 0.95. 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’s 50 day simple moving average is $36.38 and its 200 day simple moving average is $35.63. Vital Farms, Inc. has a 1-year low of $22.82 and a 1-year 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, topping analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $165.99 million for the quarter, compared to analysts’ expectations of $160.32 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. As a group, equities analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VITL has been the subject of several analyst reports. DA Davidson reduced their price objective on Vital Farms from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Telsey Advisory Group reissued an “outperform” rating and set a $52.00 target price on shares of Vital Farms in a research note on Thursday, March 13th. TD Cowen increased their target price on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Craig Hallum began coverage on Vital Farms in a research note on Friday, December 20th. They set a “buy” rating and a $50.00 target price for the company. Finally, Stifel Nicolaus raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Friday, February 28th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $43.71.

Institutional Investors Weigh In On Vital Farms

A number of institutional investors and hedge funds have recently modified their holdings of VITL. Brown Brothers Harriman & Co. acquired a new stake in shares of Vital Farms in the 3rd quarter worth approximately $35,000. CIBC Private Wealth Group LLC grew its holdings in shares of Vital Farms by 152.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock worth $35,000 after acquiring an additional 540 shares during the period. US Bancorp DE grew its holdings in Vital Farms by 160.3% during the 4th quarter. US Bancorp DE now owns 1,416 shares of the company’s stock valued at $53,000 after buying an additional 872 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in Vital Farms during the 4th quarter valued at $59,000. Finally, Mendota Financial Group LLC acquired a new stake in Vital Farms during the 4th quarter valued at $62,000. Institutional investors and hedge funds own 98.59% of the company’s stock.

About Vital Farms

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.