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

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $38.19, for a total transaction of $916,560.00. Following the sale, the insider now directly owns 7,038,890 shares in the company, valued at approximately $268,815,209.10. This trade represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, October 21st, Matthew Ohayer sold 24,000 shares of Vital Farms stock. The shares were sold at an average price of $39.09, for a total transaction of $938,160.00.

Vital Farms Price Performance

Shares of VITL traded down $0.88 during trading hours on Monday, reaching $38.81. 670,315 shares of the company’s stock traded hands, compared to its average volume of 819,604. Vital Farms, Inc. has a 12 month low of $14.16 and a 12 month high of $48.41. The firm’s 50 day simple moving average is $34.83 and its 200-day simple moving average is $36.26. The stock has a market cap of $1.70 billion, a PE ratio of 34.65 and a beta of 0.93. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $145.00 million during the quarter, compared to analysts’ expectations of $145.27 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The company’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 EPS. Equities analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current year.

Institutional Trading of Vital Farms

Large investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. purchased a new stake in Vital Farms in the 3rd quarter worth approximately $35,000. Quarry LP raised its holdings in shares of Vital Farms by 180.4% during the second quarter. Quarry LP now owns 1,290 shares of the company’s stock valued at $60,000 after acquiring an additional 830 shares in the last quarter. nVerses Capital LLC lifted its stake in Vital Farms by 66.7% in the second quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock worth $94,000 after acquiring an additional 800 shares during the period. Quest Partners LLC bought a new stake in Vital Farms in the second quarter valued at $97,000. Finally, Canada Pension Plan Investment Board purchased a new position in Vital Farms during the 2nd quarter valued at $168,000. 98.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VITL has been the subject of a number of recent research reports. Craig Hallum started coverage on shares of Vital Farms in a research note on Friday. They issued a “buy” rating and a $50.00 price objective for the company. DA Davidson lifted 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. TD Cowen dropped their price objective on Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, Jefferies Financial Group reduced their target price on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

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.