Matthew Ohayer Sells 20,000 Shares of Vital Farms, Inc. (NASDAQ:VITL) Stock

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 20,000 shares of Vital Farms stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $29.46, for a total value of $589,200.00. Following the transaction, the insider now owns 6,970,890 shares in the company, valued at $205,362,419.40. This represents a 0.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, January 21st, Matthew Ohayer sold 24,000 shares of Vital Farms stock. The stock was sold at an average price of $43.19, for a total value of $1,036,560.00.

Vital Farms Stock Up 0.9 %

NASDAQ:VITL traded up $0.27 during trading hours on Friday, reaching $29.79. The company’s stock had a trading volume of 698,318 shares, compared to its average volume of 985,127. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 26.60 and a beta of 0.95. Vital Farms, Inc. has a one year low of $22.62 and a one year high of $48.41. The business’s 50-day moving average is $36.58 and its 200-day moving average is $35.61.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.08. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The company had revenue of $165.99 million during the quarter, compared to the consensus estimate of $160.32 million. Equities research analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current year.

Institutional Trading of Vital Farms

A number of institutional investors and hedge funds have recently modified their holdings of the company. Cim LLC raised its holdings in Vital Farms by 80.7% in the 4th quarter. Cim LLC now owns 12,433 shares of the company’s stock worth $469,000 after acquiring an additional 5,554 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Vital Farms by 19.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,695 shares of the company’s stock valued at $3,343,000 after purchasing an additional 14,432 shares during the last quarter. Sapience Investments LLC grew its position in shares of Vital Farms by 15.2% in the fourth quarter. Sapience Investments LLC now owns 77,698 shares of the company’s stock valued at $2,928,000 after purchasing an additional 10,235 shares during the last quarter. Raiffeisen Bank International AG bought a new position in shares of Vital Farms in the fourth quarter worth about $892,000. Finally, Nuveen Asset Management LLC lifted its position in shares of Vital Farms by 21.4% during the 4th quarter. Nuveen Asset Management LLC now owns 733,952 shares of the company’s stock worth $27,663,000 after purchasing an additional 129,621 shares during the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on VITL shares. William Blair reiterated an “outperform” rating on shares of Vital Farms in a report on Friday, February 28th. Craig Hallum started coverage on shares of Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 price objective on the stock. TD Cowen lifted their target price on shares of Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. DA Davidson dropped their price target on shares of Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Finally, Stifel Nicolaus raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Friday, February 28th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $43.71.

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.