Matthew Ohayer Sells 5,000 Shares of Vital Farms, Inc. (NASDAQ:VITL) Stock

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $32.25, for a total transaction of $161,250.00. Following the completion of the sale, the insider now owns 6,888,890 shares of the company’s stock, valued at approximately $222,166,702.50. The trade was a 0.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, June 13th, Matthew Ohayer sold 25,000 shares of Vital Farms stock. The stock was sold at an average price of $31.62, for a total transaction of $790,500.00.
• On Monday, April 21st, Matthew Ohayer sold 24,000 shares of Vital Farms stock. The stock was sold at an average price of $32.68, for a total transaction of $784,320.00.
• On Monday, March 24th, Matthew Ohayer sold 4,000 shares of Vital Farms stock. The stock was sold at an average price of $31.39, for a total transaction of $125,560.00.
• On Wednesday, March 19th, Matthew Ohayer sold 20,000 shares of Vital Farms stock. The stock was sold at an average price of $29.46, for a total transaction of $589,200.00.

Vital Farms Price Performance

VITL opened at $34.32 on Wednesday. The firm has a market cap of $1.53 billion, a P/E ratio of 30.64 and a beta of 0.89. The firm has a 50-day moving average of $33.40 and a 200 day moving average of $35.17. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.91 and a current ratio of 3.35. Vital Farms, Inc. has a fifty-two week low of $27.91 and a fifty-two week high of $48.41.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.11. The company had revenue of $162.19 million during the quarter, compared to analyst estimates of $164.43 million. Vital Farms had a net margin of 8.26% and a return on equity of 19.53%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. On average, research analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current year.

Analyst Ratings Changes

VITL has been the subject of several recent analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $52.00 target price on shares of Vital Farms in a research note on Monday, May 5th. Morgan Stanley reduced their target price on shares of Vital Farms from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. BMO Capital Markets upgraded shares of Vital Farms to a “strong-buy” rating in a research note on Tuesday, May 6th. Stifel Nicolaus upgraded shares of 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. Finally, William Blair restated an “outperform” rating on shares of Vital Farms in a research report on Friday, February 28th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Vital Farms currently has a consensus rating of “Buy” and a consensus price target of $44.63.

Hedge Funds Weigh In On Vital Farms

Several institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in Vital Farms by 17.8% during the first quarter. Wellington Management Group LLP now owns 2,863,872 shares of the company’s stock valued at $87,262,000 after purchasing an additional 432,848 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Vital Farms by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 2,236,848 shares of the company’s stock valued at $84,307,000 after purchasing an additional 87,980 shares during the last quarter. American Century Companies Inc. lifted its holdings in Vital Farms by 1,453.0% during the first quarter. American Century Companies Inc. now owns 1,243,467 shares of the company’s stock valued at $37,888,000 after purchasing an additional 1,163,399 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Vital Farms by 3.2% during the first quarter. Principal Financial Group Inc. now owns 1,209,564 shares of the company’s stock valued at $36,855,000 after purchasing an additional 37,614 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in Vital Farms by 64.6% during 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 during the last quarter. Institutional investors own 98.59% of the company’s stock.

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.