Insider Selling: Vital Farms, Inc. (NASDAQ:VITL) Insider Sells 4,000 Shares of Stock

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 4,000 shares of Vital Farms stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $31.39, for a total transaction of $125,560.00. Following the completion of the sale, the insider now owns 6,966,890 shares of the company’s stock, valued at $218,690,677.10. This trade represents a 0.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, March 19th, Matthew Ohayer sold 20,000 shares of Vital Farms stock. The stock was sold at an average price of $29.46, for a total value of $589,200.00.
• 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 Performance

VITL stock traded down $1.46 during trading on Wednesday, hitting $31.00. The company had a trading volume of 600,991 shares, compared to its average volume of 986,449. The firm has a 50-day moving average price of $35.98 and a 200-day moving average price of $35.70. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.37 billion, a PE ratio of 27.68 and a beta of 0.95. Vital Farms, Inc. has a 1-year low of $22.82 and a 1-year high of $48.41.

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

Institutional Investors Weigh In On Vital Farms

Several institutional investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. purchased a new position in Vital Farms in the third quarter valued at about $35,000. CIBC Private Wealth Group LLC increased its stake in Vital Farms by 152.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock valued at $35,000 after purchasing an additional 540 shares in the last quarter. US Bancorp DE raised its holdings in Vital Farms by 160.3% during the fourth quarter. US Bancorp DE now owns 1,416 shares of the company’s stock worth $53,000 after purchasing an additional 872 shares during the last quarter. Frazier Financial Advisors LLC purchased a new stake in Vital Farms during the fourth quarter worth $59,000. Finally, Mendota Financial Group LLC acquired a new stake in Vital Farms in the fourth quarter valued at $62,000. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. DA Davidson reduced their target price on shares of Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Craig Hallum started coverage on shares of Vital Farms in a report on Friday, December 20th. They issued a “buy” rating and a $50.00 target price for the company. Stifel Nicolaus upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Friday, February 28th. Telsey Advisory Group restated an “outperform” rating and issued a $52.00 price objective on shares of Vital Farms in a research note on Thursday, March 13th. Finally, William Blair reiterated an “outperform” rating on shares of Vital Farms in a research report on Friday, February 28th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Vital Farms has a consensus rating of “Buy” and a consensus price target of $42.00.

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.