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 business’s stock in a transaction 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 completion of the sale, the insider now owns 6,970,890 shares in the company, valued at $205,362,419.40. This represents a 0.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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 Trading Up 0.9 %

NASDAQ:VITL opened at $29.79 on Friday. The stock has a 50-day simple moving average of $36.38 and a 200-day simple moving average of $35.63. The stock has a market cap of $1.32 billion, a P/E ratio of 26.60 and a beta of 0.95. Vital Farms, Inc. has a 1 year low of $22.82 and a 1 year high of $48.41. 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 released its quarterly earnings data 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. The business had revenue of $165.99 million during 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, analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Institutional Trading of Vital Farms

Several institutional investors and hedge funds have recently made changes to their positions in the company. Principal Securities Inc. lifted its holdings in shares of Vital Farms by 29.4% in the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company’s stock valued at $63,000 after purchasing an additional 380 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Vital Farms by 15.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,487 shares of the company’s stock valued at $131,000 after purchasing an additional 475 shares during the last quarter. Lifestyle Asset Management Inc. lifted its holdings in shares of Vital Farms by 5.1% in the 4th quarter. Lifestyle Asset Management Inc. now owns 10,345 shares of the company’s stock valued at $390,000 after purchasing an additional 499 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Vital Farms by 6.8% in the 4th quarter. Stifel Financial Corp now owns 8,117 shares of the company’s stock valued at $306,000 after purchasing an additional 518 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted 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 valued at $35,000 after purchasing an additional 540 shares during the last quarter. 98.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VITL has been the subject of several analyst reports. William Blair reissued an “outperform” rating on shares of Vital Farms in a research note on Friday, February 28th. 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. Craig Hallum initiated 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. TD Cowen boosted 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. Finally, DA Davidson lowered their target price 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. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vital Farms currently has an average rating of “Buy” and a consensus target price of $43.71.

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.