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

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 24,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.19, for a total transaction of $1,036,560.00. Following the completion of the transaction, the insider now directly owns 7,014,890 shares of the company’s stock, valued at approximately $302,973,099.10. The trade was a 0.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, December 19th, Matthew Ohayer sold 24,000 shares of Vital Farms stock. The stock was sold at an average price of $38.19, for a total transaction of $916,560.00.

Vital Farms Price Performance

Shares of NASDAQ VITL opened at $45.12 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. The company’s fifty day moving average is $37.33 and its two-hundred day moving average is $35.88. Vital Farms, Inc. has a one year low of $14.37 and a one year high of $48.41. The firm has a market capitalization of $1.98 billion, a P/E ratio of 40.29 and a beta of 0.88.

Vital Farms (NASDAQ:VITL) last posted its earnings results on Thursday, November 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $145.00 million for the quarter, compared to analyst estimates of $145.27 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. Vital Farms’s revenue was up 31.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 earnings per share. Analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VITL. TD Cowen lifted their price objective on Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Craig Hallum began coverage on Vital Farms in a research report on Friday, December 20th. They set a “buy” rating and a $50.00 target price on the stock. Jefferies Financial Group reduced their price target on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Finally, DA Davidson boosted their price target on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Vital Farms presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.67.

Institutional Investors Weigh In On Vital Farms

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nordea Investment Management AB acquired a new position in Vital Farms in the 4th quarter valued at about $2,765,000. Marshall Wace LLP lifted its position in Vital Farms by 29.7% during the second quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock valued at $43,859,000 after buying an additional 214,839 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Vital Farms by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 253,434 shares of the company’s stock valued at $8,888,000 after acquiring an additional 14,426 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Vital Farms by 38.9% during the third quarter. JPMorgan Chase & Co. now owns 266,398 shares of the company’s stock worth $9,343,000 after purchasing an additional 74,593 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Vital Farms by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 372,583 shares of the company’s stock worth $13,066,000 after acquiring an additional 34,412 shares during the period. Hedge funds and other 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.