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

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $32.68, for a total transaction of $784,320.00. Following the completion of the transaction, the insider now owns 6,942,890 shares of the company’s stock, valued at $226,893,645.20. This trade represents a 0.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, March 24th, Matthew Ohayer sold 4,000 shares of Vital Farms stock. The shares were sold at an average price of $31.39, for a total transaction of $125,560.00.
• 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.

Vital Farms Price Performance

Shares of NASDAQ VITL opened at $33.61 on Friday. 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 business’s 50 day moving average price is $32.18 and its two-hundred day moving average price is $35.45. The company has a market cap of $1.50 billion, a PE ratio of 30.01 and a beta of 0.96. Vital Farms, Inc. has a twelve month low of $24.87 and a twelve month high of $48.41.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. DA Davidson decreased their price target on shares of Vital Farms from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, March 14th. TD Cowen raised their target price on shares of Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Stifel Nicolaus raised 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 report on Friday, February 28th. Morgan Stanley decreased their price objective on Vital Farms from $40.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Finally, William Blair reissued an “outperform” rating on shares of Vital Farms in a research report on Friday, February 28th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vital Farms currently has an average rating of “Buy” and a consensus target price of $44.71.

Hedge Funds Weigh In On Vital Farms

Large investors have recently modified their holdings of the stock. Wellington Management Group LLP grew its stake in Vital Farms by 417.8% in the 4th quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company’s stock valued at $91,625,000 after buying an additional 1,961,550 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Vital Farms by 78.7% during the fourth quarter. Principal Financial Group Inc. now owns 1,171,950 shares of the company’s stock worth $44,172,000 after acquiring an additional 516,139 shares during the period. Lord Abbett & CO. LLC grew its position in shares of Vital Farms by 64.6% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,058,753 shares of the company’s stock valued at $39,904,000 after purchasing an additional 415,614 shares during the last quarter. Jupiter Asset Management Ltd. increased its stake in shares of Vital Farms by 96.3% during the fourth quarter. Jupiter Asset Management Ltd. now owns 628,709 shares of the company’s stock worth $23,696,000 after purchasing an additional 308,425 shares during the period. Finally, Wasatch Advisors LP lifted its holdings in Vital Farms by 105.5% during the 4th quarter. Wasatch Advisors LP now owns 579,808 shares of the company’s stock worth $21,853,000 after purchasing an additional 297,684 shares during the last quarter. 98.59% of the stock is owned by institutional investors.

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.