Matthew Ohayer Sells 25,000 Shares of Vital Farms (NASDAQ:VITL) Stock

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 25,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $31.92, for a total value of $798,000.00. Following the completion of the transaction, the insider directly owned 6,422,070 shares in the company, valued at approximately $204,992,474.40. The trade was a 0.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, November 4th, Matthew Ohayer sold 5,000 shares of Vital Farms stock. The shares were sold at an average price of $37.78, for a total value of $188,900.00.
• On Thursday, September 4th, Matthew Ohayer sold 100,000 shares of Vital Farms stock. The stock was sold at an average price of $50.96, for a total value of $5,096,000.00.
• On Tuesday, September 2nd, Matthew Ohayer sold 145,000 shares of Vital Farms stock. The shares were sold at an average price of $51.98, for a total transaction of $7,537,100.00.
• On Friday, August 29th, Matthew Ohayer sold 100,000 shares of Vital Farms stock. The stock was sold at an average price of $51.13, for a total transaction of $5,113,000.00.
• On Thursday, August 21st, Matthew Ohayer sold 4,200 shares of Vital Farms stock. The stock was sold at an average price of $50.25, for a total transaction of $211,050.00.
• On Tuesday, August 19th, Matthew Ohayer sold 800 shares of Vital Farms stock. The shares were sold at an average price of $50.31, for a total transaction of $40,248.00.

Vital Farms Stock Down 0.5%

Vital Farms stock opened at $35.48 on Friday. The company has a current ratio of 2.65, a quick ratio of 2.10 and a debt-to-equity ratio of 0.02. Vital Farms, Inc. has a 1-year low of $27.91 and a 1-year high of $53.13. The firm’s fifty day simple moving average is $42.44 and its 200-day simple moving average is $39.28. The company has a market capitalization of $1.59 billion, a P/E ratio of 26.88 and a beta of 0.86.

Vital Farms (NASDAQ:VITL) last posted its earnings results on Tuesday, November 4th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.30 by $0.06. Vital Farms had a net margin of 8.50% and a return on equity of 20.19%. The firm had revenue of $198.94 million for the quarter, compared to the consensus estimate of $191.35 million. During the same period in the prior year, the business posted $0.16 earnings per share. The business’s quarterly revenue was up 37.2% on a year-over-year basis. Vital Farms has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VITL has been the subject of several analyst reports. Zacks Research upgraded Vital Farms from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. BMO Capital Markets lifted their price target on shares of Vital Farms from $50.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, September 2nd. Mizuho upped their price objective on shares of Vital Farms from $45.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday, August 11th. Weiss Ratings upgraded shares of Vital Farms from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Finally, Cowen reissued a “buy” rating on shares of Vital Farms in a research report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $49.80.

Institutional Trading of Vital Farms

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its position in shares of Vital Farms by 53.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 23,177 shares of the company’s stock valued at $706,000 after buying an additional 8,049 shares during the last quarter. Vontobel Holding Ltd. increased its stake in Vital Farms by 6.6% during the first quarter. Vontobel Holding Ltd. now owns 8,421 shares of the company’s stock valued at $257,000 after acquiring an additional 521 shares during the period. Principal Financial Group Inc. raised its holdings in Vital Farms by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,209,564 shares of the company’s stock valued at $36,855,000 after acquiring an additional 37,614 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Vital Farms by 0.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 75,420 shares of the company’s stock worth $2,298,000 after acquiring an additional 337 shares during the period. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in shares of Vital Farms by 13.5% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 603,874 shares of the company’s stock worth $18,400,000 after purchasing an additional 71,961 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

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.