Vital Farms (NASDAQ:VITL) Insider Sells $558,200.00 in Stock

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 20,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $27.91, for a total value of $558,200.00. Following the completion of the transaction, the insider directly owned 6,341,190 shares in the company, valued at $176,982,612.90. This trade represents a 0.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, January 2nd, Matthew Ohayer sold 25,000 shares of Vital Farms stock. The shares were sold at an average price of $30.85, for a total value of $771,250.00.
• 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.

Vital Farms Trading Up 0.4%

Shares of NASDAQ VITL traded up $0.10 during midday trading on Wednesday, hitting $26.82. The stock had a trading volume of 1,913,770 shares, compared to its average volume of 1,582,681. 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, Inc. has a 1-year low of $25.52 and a 1-year high of $53.13. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 20.32 and a beta of 1.10. The company has a fifty day moving average price of $30.90 and a 200 day moving average price of $37.65.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.30 by $0.06. The firm had revenue of $198.94 million for the quarter, compared to analyst estimates of $191.35 million. Vital Farms had a net margin of 8.50% and a return on equity of 20.19%. Vital Farms’s revenue for the quarter was up 37.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. On average, analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VITL. DA Davidson set a $47.00 target price on shares of Vital Farms and gave the company a “buy” rating in a research note on Wednesday, December 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vital Farms in a report on Monday, December 29th. Benchmark reissued a “buy” rating on shares of Vital Farms in a research report on Wednesday, January 14th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $52.00 target price on shares of Vital Farms in a research report on Wednesday, December 17th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $50.00 target price on shares of Vital Farms in a research note on Tuesday, January 13th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.91.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VITL. Royal Bank of Canada raised its position in shares of Vital Farms by 89.2% in the 1st quarter. Royal Bank of Canada now owns 19,381 shares of the company’s stock valued at $591,000 after purchasing an additional 9,136 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Vital Farms by 5.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,057 shares of the company’s stock worth $611,000 after buying an additional 1,108 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Vital Farms by 3.3% in the first quarter. Goldman Sachs Group Inc. now owns 415,420 shares of the company’s stock valued at $12,658,000 after acquiring an additional 13,397 shares in the last quarter. Woodline Partners LP bought a new position in Vital Farms during the 1st quarter valued at $1,073,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Vital Farms by 1.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 89,893 shares of the company’s stock valued at $2,739,000 after acquiring an additional 1,198 shares during the last quarter. Hedge funds and other institutional investors own 98.59% of the company’s stock.

About Vital Farms

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.