Vital Farms (NASDAQ:VITL) Insider Matthew Ohayer Sells 5,000 Shares

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 5,000 shares of Vital Farms stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $35.25, for a total value of $176,250.00. Following the sale, the insider directly owned 6,386,190 shares in the company, valued at $225,113,197.50. The trade was a 0.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, December 1st, Matthew Ohayer sold 25,000 shares of Vital Farms stock. The shares were sold at an average price of $33.17, for a total value of $829,250.00.
• 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 transaction of $188,900.00.
• On Monday, November 3rd, Matthew Ohayer sold 25,000 shares of Vital Farms stock. The stock was sold at an average price of $31.92, for a total transaction of $798,000.00.

Vital Farms Trading Up 1.8%

VITL traded up $0.59 during trading on Wednesday, reaching $32.79. 1,965,007 shares of the company’s stock were exchanged, compared to its average volume of 1,181,298. The company has a current ratio of 2.65, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02. Vital Farms, Inc. has a one year low of $28.87 and a one year high of $53.13. The firm has a fifty day moving average price of $34.99 and a two-hundred day moving average price of $39.04. The stock has a market capitalization of $1.47 billion, a PE ratio of 24.84 and a beta of 1.06.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. Vital Farms had a net margin of 8.50% and a return on equity of 20.19%. The company had revenue of $198.94 million for the quarter, compared to analyst estimates of $191.35 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. Vital Farms’s revenue was up 37.2% compared to the same quarter last year. As a group, equities research analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on VITL shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vital Farms in a report on Monday. DA Davidson set a $52.00 price objective on Vital Farms in a research note on Wednesday. Benchmark reiterated a “buy” rating on shares of Vital Farms in a report on Wednesday. Morgan Stanley lowered their price target on shares of Vital Farms from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Mizuho dropped their price target on shares of Vital Farms from $53.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Vital Farms currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.25.

Institutional Investors Weigh In On Vital Farms

Several large investors have recently added to or reduced their stakes in VITL. US Bancorp DE lifted its stake in Vital Farms by 36.2% in the first quarter. US Bancorp DE now owns 1,929 shares of the company’s stock valued at $59,000 after buying an additional 513 shares during the period. Swiss National Bank grew its position in shares of Vital Farms by 7.3% during the 1st quarter. Swiss National Bank now owns 63,600 shares of the company’s stock worth $1,938,000 after buying an additional 4,300 shares during the period. Nuveen LLC bought a new stake in shares of Vital Farms in the 1st quarter valued at $17,633,000. HighTower Advisors LLC lifted its position in shares of Vital Farms by 9.2% during the 1st quarter. HighTower Advisors LLC now owns 35,630 shares of the company’s stock valued at $1,086,000 after acquiring an additional 3,007 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Vital Farms by 27.5% during the first quarter. Russell Investments Group Ltd. now owns 145,137 shares of the company’s stock worth $4,422,000 after acquiring an additional 31,329 shares in the last quarter. Institutional investors and hedge funds own 98.59% of the company’s stock.

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.