Matthew Ohayer Sells 4,000 Shares of Vital Farms, Inc. (NASDAQ:VITL) Stock

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 4,000 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $31.39, for a total value of $125,560.00. Following the transaction, the insider now owns 6,966,890 shares of the company’s stock, valued at $218,690,677.10. This represents a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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.
• 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 Performance

Shares of NASDAQ:VITL opened at $30.27 on Friday. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. Vital Farms, Inc. has a 1-year low of $23.04 and a 1-year high of $48.41. The stock has a market capitalization of $1.34 billion, a P/E ratio of 27.03 and a beta of 0.95. The business has a 50-day moving average price of $35.49 and a two-hundred day moving average price of $35.63.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.23 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 analysts’ expectations of $160.32 million. Equities analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Nordea Investment Management AB bought a new stake in Vital Farms in the fourth quarter valued at about $2,765,000. JPMorgan Chase & Co. grew its position in shares of Vital Farms by 38.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 266,398 shares of the company’s stock worth $9,343,000 after buying an additional 74,593 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Vital Farms by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 253,434 shares of the company’s stock valued at $8,888,000 after acquiring an additional 14,426 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Vital Farms in the 4th quarter valued at approximately $699,000. Finally, Franklin Resources Inc. boosted its stake in Vital Farms by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 372,583 shares of the company’s stock worth $13,066,000 after acquiring an additional 34,412 shares during the last quarter. Institutional investors and hedge funds own 98.59% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Morgan Stanley started coverage on shares of Vital Farms in a research note on Monday. They issued an “overweight” rating and a $30.00 target price for the company. Stifel Nicolaus raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Friday, February 28th. Telsey Advisory Group restated an “outperform” rating and issued a $52.00 target price on shares of Vital Farms in a research note 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 on the stock in a research report on Friday, March 14th. Finally, William Blair reissued an “outperform” rating on shares of Vital Farms in a report on Friday, February 28th. Nine investment 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 $42.00.

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.