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

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $29.46, for a total transaction of $589,200.00. Following the sale, the insider now owns 6,970,890 shares in the company, valued at $205,362,419.40. This trade represents a 0.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction of $1,036,560.00.

Vital Farms Stock Performance

Shares of Vital Farms stock opened at $29.79 on Friday. The firm has a market capitalization of $1.32 billion, a P/E ratio of 26.60 and a beta of 0.95. Vital Farms, Inc. has a 52 week low of $22.82 and a 52 week high of $48.41. 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’s 50 day moving average is $36.38 and its two-hundred day moving average is $35.60.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. The company had revenue of $165.99 million for the quarter, compared to analyst estimates of $160.32 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. Research analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on VITL. DA Davidson cut their target price 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. Stifel Nicolaus upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Friday, February 28th. Craig Hallum began coverage on shares of Vital Farms in a research note on Friday, December 20th. They set a “buy” rating and a $50.00 target price on the stock. Telsey Advisory Group restated an “outperform” rating and set a $52.00 target price on shares of Vital Farms in a research note on Thursday, March 13th. Finally, TD Cowen upped their target price on shares of Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $43.71.

Institutional Investors Weigh In On Vital Farms

Several large investors have recently modified their holdings of VITL. Victory Capital Management Inc. acquired a new stake in shares of Vital Farms in the third quarter valued at approximately $789,000. Quest Partners LLC boosted its holdings in shares of Vital Farms by 882.6% in the third quarter. Quest Partners LLC now owns 20,320 shares of the company’s stock valued at $713,000 after acquiring an additional 18,252 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Vital Farms by 25.7% in the third quarter. Advisors Asset Management Inc. now owns 16,793 shares of the company’s stock valued at $589,000 after acquiring an additional 3,429 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Vital Farms in the third quarter valued at approximately $301,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Vital Farms by 6.0% in the third 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 during the period. 98.59% of the stock is owned by institutional investors and hedge funds.

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.