Vital Farms (NASDAQ:VITL) Insider Sells $771,250.00 in Stock

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 25,000 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $30.85, for a total transaction of $771,250.00. Following the transaction, the insider directly owned 6,361,190 shares in the company, valued at $196,242,711.50. This trade represents a 0.39% 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 Monday, December 15th, Matthew Ohayer sold 5,000 shares of Vital Farms stock. The stock was sold at an average price of $35.25, for a total value of $176,250.00.
• On Monday, December 1st, Matthew Ohayer sold 25,000 shares of Vital Farms stock. The stock was 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 value of $188,900.00.
• On Monday, November 3rd, Matthew Ohayer sold 25,000 shares of Vital Farms stock. The shares were sold at an average price of $31.92, for a total value of $798,000.00.

Vital Farms Stock Up 1.1%

Shares of NASDAQ:VITL traded up $0.33 during trading on Tuesday, reaching $30.03. 1,422,222 shares of the stock were exchanged, compared to its average volume of 1,636,464. Vital Farms, Inc. has a 1-year low of $28.87 and a 1-year high of $53.13. The stock has a fifty day moving average of $32.67 and a two-hundred day moving average of $39.01. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.65 and a quick ratio of 2.15. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 22.75 and a beta of 1.11.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share (EPS) for the quarter, beating 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 business had revenue of $198.94 million during the quarter, compared to the consensus estimate of $191.35 million. During the same quarter last year, the firm posted $0.16 EPS. Vital Farms’s revenue was up 37.2% compared to the same quarter last year. Research analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Institutional Trading of Vital Farms

A number of institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio increased its stake in shares of Vital Farms by 16.5% in the second quarter. Public Employees Retirement System of Ohio now owns 56,571 shares of the company’s stock worth $2,179,000 after purchasing an additional 8,008 shares in the last quarter. Inspire Investing LLC lifted its stake in shares of Vital Farms by 248.4% during the 1st quarter. Inspire Investing LLC now owns 37,460 shares of the company’s stock valued at $1,141,000 after buying an additional 26,708 shares in the last quarter. Aurora Investment Counsel boosted its holdings in Vital Farms by 36.5% in the 2nd quarter. Aurora Investment Counsel now owns 49,335 shares of the company’s stock worth $1,900,000 after buying an additional 13,202 shares during the period. Peregrine Capital Management LLC purchased a new position in Vital Farms in the 2nd quarter valued at approximately $7,665,000. Finally, Geode Capital Management LLC grew its stake in Vital Farms by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 807,003 shares of the company’s stock valued at $31,089,000 after buying an additional 18,682 shares in the last quarter. 98.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VITL. Benchmark reiterated a “buy” rating on shares of Vital Farms in a research note on Wednesday, December 17th. TD Cowen lowered their price objective on Vital Farms from $59.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, December 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a $52.00 target price on shares of Vital Farms in a research report on Wednesday, December 17th. Mizuho decreased their price target on Vital Farms from $53.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Vital Farms in a research report on Monday, December 29th. Thirteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.91.

Vital Farms Company Profile

Vital Farms, traded on the NASDAQ under the symbol VITL, is a U.S.-based food company specializing in pasture-raised egg and dairy products. The company partners with a network of family farms across the United States to produce eggs, butter and related items under a certified humane, pasture-centric farming model. Vital Farms’ supply chain emphasizes animal welfare, environmental stewardship and transparent sourcing, appealing to consumers seeking ethically produced, high-quality ingredients.

Founded in 2007 and headquartered in Austin, Texas, Vital Farms began by marketing pasture-raised eggs to health- and ethically minded shoppers.