Vital Farms, Inc. (NASDAQ:VITL) Insider Matthew Ohayer Sells 24,000 Shares

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $39.58, for a total value of $949,920.00. Following the completion of the sale, the insider now owns 7,266,777 shares of the company’s stock, valued at $287,619,033.66. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Tuesday, June 18th, Matthew Ohayer sold 24,000 shares of Vital Farms stock. The stock was sold at an average price of $42.56, for a total value of $1,021,440.00.
• On Friday, June 7th, Matthew Ohayer sold 8,142 shares of Vital Farms stock. The shares were sold at an average price of $42.56, for a total value of $346,523.52.
• On Wednesday, June 5th, Matthew Ohayer sold 10,430 shares of Vital Farms stock. The stock was sold at an average price of $44.51, for a total value of $464,239.30.
• On Thursday, May 30th, Matthew Ohayer sold 50,000 shares of Vital Farms stock. The stock was sold at an average price of $41.72, for a total value of $2,086,000.00.
• On Thursday, May 9th, Matthew Ohayer sold 4,000 shares of Vital Farms stock. The shares were sold at an average price of $33.15, for a total transaction of $132,600.00.

Vital Farms Trading Up 0.2 %

Shares of NASDAQ VITL opened at $37.12 on Friday. The stock has a market capitalization of $1.57 billion, a P/E ratio of 43.67 and a beta of 0.98. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.10 and a quick ratio of 2.66. The business’s 50 day moving average is $42.21 and its two-hundred day moving average is $28.60. Vital Farms, Inc. has a 1-year low of $10.30 and a 1-year high of $48.41.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.20. The company had revenue of $147.93 million for the quarter, compared to analyst estimates of $139.87 million. Vital Farms had a return on equity of 19.58% and a net margin of 7.48%. As a group, research analysts expect that Vital Farms, Inc. will post 0.98 EPS for the current year.

Analyst Ratings Changes

VITL has been the subject of a number of research reports. William Blair started coverage on shares of Vital Farms in a research report on Wednesday, April 10th. They set an “outperform” rating for the company. Stifel Nicolaus raised their price objective on Vital Farms from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday. TD Cowen lifted their target price on Vital Farms from $19.00 to $37.00 and gave the stock a “hold” rating in a report on Friday, May 10th. DA Davidson increased their price target on Vital Farms from $28.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, Lake Street Capital lifted their price objective on Vital Farms from $26.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.80.

Institutional Investors Weigh In On Vital Farms

Several institutional investors have recently made changes to their positions in the company. 1620 Investment Advisors Inc. purchased a new stake in Vital Farms in the 2nd quarter worth about $42,000. CWM LLC grew its stake in shares of Vital Farms by 162.9% during the second quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after buying an additional 655 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Vital Farms by 211.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,175 shares of the company’s stock worth $97,000 after buying an additional 4,192 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of Vital Farms during the 4th quarter worth approximately $127,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Vital Farms during the 2nd quarter valued at $417,000. Institutional investors own 98.59% of the company’s stock.

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.