Insider Selling: Vital Farms, Inc. (NASDAQ:VITL) Insider Sells $1,036,560.00 in Stock

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 24,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $43.19, for a total value of $1,036,560.00. Following the transaction, the insider now directly owns 7,014,890 shares of the company’s stock, valued at approximately $302,973,099.10. The trade was a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, December 19th, Matthew Ohayer sold 24,000 shares of Vital Farms stock. The shares were sold at an average price of $38.19, for a total value of $916,560.00.

Vital Farms Stock Down 4.4 %

VITL stock opened at $43.14 on Friday. 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 firm has a market capitalization of $1.89 billion, a P/E ratio of 38.52 and a beta of 0.88. Vital Farms, Inc. has a 52-week low of $14.37 and a 52-week high of $48.41. The company’s 50 day simple moving average is $37.63 and its 200-day simple moving average is $35.79.

Vital Farms (NASDAQ:VITL) last announced its earnings results on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $145.00 million for the quarter, compared to the consensus estimate of $145.27 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The company’s revenue was up 31.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 EPS. As a group, equities research analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current year.

Hedge Funds Weigh In On Vital Farms

Institutional investors and hedge funds have recently bought and sold shares of the business. Brown Brothers Harriman & Co. acquired a new stake in shares of Vital Farms during the third quarter worth approximately $35,000. Quarry LP lifted its position in Vital Farms by 180.4% in the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after buying an additional 830 shares in the last quarter. Mendota Financial Group LLC purchased a new stake in Vital Farms in the 4th quarter worth approximately $62,000. nVerses Capital LLC boosted its stake in shares of Vital Farms by 130.0% during the 3rd quarter. nVerses Capital LLC now owns 4,600 shares of the company’s stock valued at $161,000 after buying an additional 2,600 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Vital Farms during the 2nd quarter valued at $168,000. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Wall Street Analyst Weigh In

VITL has been the topic of a number of research analyst reports. Jefferies Financial Group lowered their target price on Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Stifel Nicolaus boosted their target price on shares of Vital Farms from $34.00 to $44.00 and gave the stock a “hold” rating in a report on Friday. DA Davidson raised their target price on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Craig Hallum initiated coverage on shares of Vital Farms in a research report on Friday, December 20th. They issued a “buy” rating and a $50.00 price target on the stock. Finally, TD Cowen increased their price objective on Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.33.

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.