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

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $29.46, for a total transaction of $589,200.00. Following the sale, the insider now directly owns 6,970,890 shares in the company, valued at $205,362,419.40. The trade was a 0.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 transaction of $1,036,560.00.

Vital Farms Stock Up 0.9 %

Shares of NASDAQ:VITL opened at $29.79 on Monday. Vital Farms, Inc. has a 52-week low of $22.82 and a 52-week high of $48.41. The firm has a fifty day moving average of $36.38 and a 200 day moving average of $35.67. The firm has a market capitalization of $1.32 billion, a PE ratio of 26.60 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 (NASDAQ:VITL) last announced its earnings results on Thursday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, topping 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 company had revenue of $165.99 million during the quarter, compared to analyst estimates of $160.32 million. As a group, research analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. William Blair restated an “outperform” rating on shares of Vital Farms in a research report on Friday, February 28th. Telsey Advisory Group restated an “outperform” rating and set a $52.00 price target on shares of Vital Farms in a research report on Thursday, March 13th. DA Davidson reduced their price target on shares of Vital Farms from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, March 14th. TD Cowen boosted their price target on shares of Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Friday, February 28th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, Vital Farms currently has an average rating of “Buy” and an average target price of $43.71.

Institutional Trading of Vital Farms

Several hedge funds have recently added to or reduced their stakes in VITL. Brown Brothers Harriman & Co. bought a new stake in Vital Farms in the third quarter worth $35,000. CIBC Private Wealth Group LLC lifted its stake in Vital Farms by 152.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock worth $35,000 after purchasing an additional 540 shares during the last quarter. US Bancorp DE lifted its stake in Vital Farms by 160.3% in the fourth quarter. US Bancorp DE now owns 1,416 shares of the company’s stock worth $53,000 after purchasing an additional 872 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in Vital Farms in the fourth quarter worth $59,000. Finally, Mendota Financial Group LLC bought a new stake in Vital Farms in the fourth quarter worth $62,000. 98.59% of the stock is owned by institutional investors.

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.