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

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 5,000 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $35.25, for a total transaction of $176,250.00. Following the transaction, the insider directly owned 6,386,190 shares in the company, valued at approximately $225,113,197.50. This represents a 0.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• 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 transaction 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 shares were sold at an average price of $31.92, for a total value of $798,000.00.

Vital Farms Trading Up 3.4%

Shares of NASDAQ VITL traded up $1.10 during midday trading on Thursday, reaching $33.89. The company had a trading volume of 258,931 shares, compared to its average volume of 1,176,910. The stock has a market cap of $1.52 billion, a PE ratio of 25.39 and a beta of 1.06. Vital Farms, Inc. has a one year low of $28.87 and a one year high of $53.13. The firm’s fifty day moving average price is $34.75 and its 200-day moving average price is $38.99. The company has a quick ratio of 2.15, a current ratio of 2.65 and a debt-to-equity ratio of 0.02.

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, topping the consensus estimate of $0.30 by $0.06. Vital Farms had a return on equity of 20.19% and a net margin of 8.50%.The business had revenue of $198.94 million for the quarter, compared to analyst estimates of $191.35 million. During the same period last year, the company earned $0.16 EPS. Vital Farms’s revenue for the quarter was up 37.2% compared to the same quarter last year. On average, equities research analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Hedge Funds Weigh In On Vital Farms

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP raised its stake in Vital Farms by 17.8% in the first quarter. Wellington Management Group LLP now owns 2,863,872 shares of the company’s stock worth $87,262,000 after buying an additional 432,848 shares in the last quarter. Wasatch Advisors LP grew its holdings in shares of Vital Farms by 13.9% during the 3rd quarter. Wasatch Advisors LP now owns 2,362,521 shares of the company’s stock worth $97,218,000 after acquiring an additional 287,718 shares during the period. Vanguard Group Inc. grew its holdings in shares of Vital Farms by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,315,706 shares of the company’s stock worth $95,291,000 after acquiring an additional 39,361 shares during the period. American Century Companies Inc. raised its position in shares of Vital Farms by 35.7% in the 2nd quarter. American Century Companies Inc. now owns 1,687,869 shares of the company’s stock worth $65,017,000 after acquiring an additional 444,402 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Vital Farms by 23.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,377,681 shares of the company’s stock valued at $56,692,000 after purchasing an additional 258,092 shares during the period. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Benchmark reaffirmed a “buy” rating on shares of Vital Farms in a research note on Wednesday. DA Davidson set a $47.00 price target on shares of Vital Farms in a report on Wednesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vital Farms in a research note on Monday. Telsey Advisory Group reiterated an “outperform” rating and set a $50.00 target price on shares of Vital Farms in a report on Wednesday. Finally, Cowen restated a “buy” rating on shares of Vital Farms in a report on Thursday. Fourteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $50.00.

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.