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 Vital Farms stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $38.19, for a total value of $916,560.00. Following the sale, the insider now directly owns 7,038,890 shares of the company’s stock, valued at approximately $268,815,209.10. The trade was a 0.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, October 21st, Matthew Ohayer sold 24,000 shares of Vital Farms stock. The stock was sold at an average price of $39.09, for a total value of $938,160.00.

Vital Farms Stock Up 1.3 %

VITL opened at $39.33 on Wednesday. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 35.12 and a beta of 0.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. The firm’s 50-day simple moving average is $34.80 and its 200-day simple moving average is $36.21. Vital Farms, Inc. has a twelve month low of $14.16 and a twelve month high of $48.41.

Vital Farms (NASDAQ:VITL) last announced its earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The business had revenue of $145.00 million for the quarter, compared to the consensus estimate of $145.27 million. During the same period in the previous year, the business earned $0.10 EPS. Vital Farms’s revenue was up 31.3% compared to the same quarter last year. Equities research analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VITL. TD Cowen dropped their price objective on Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Jefferies Financial Group cut their price target on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, November 11th. 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. Finally, DA Davidson raised their target price on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $41.00.

Institutional Trading of Vital Farms

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. raised its position in Vital Farms by 35.6% in the 3rd quarter. Principal Financial Group Inc. now owns 655,811 shares of the company’s stock worth $22,999,000 after purchasing an additional 172,249 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of 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 buying an additional 34,412 shares during the period. Geode Capital Management LLC raised its position in shares of Vital Farms by 4.3% during the third quarter. Geode Capital Management LLC now owns 749,659 shares of the company’s stock worth $26,296,000 after acquiring an additional 31,187 shares during the last quarter. Vestcor Inc acquired a new position in shares of Vital Farms during the third quarter valued at $848,000. Finally, Barclays PLC lifted its stake in shares of Vital Farms by 57.3% during the third quarter. Barclays PLC now owns 95,444 shares of the company’s stock valued at $3,347,000 after acquiring an additional 34,758 shares during the period. 98.59% of the stock is currently owned by institutional investors and hedge funds.

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.