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 business’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $39.58, for a total transaction of $949,920.00. Following the transaction, the insider now directly owns 7,266,777 shares in the company, valued at approximately $287,619,033.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, June 18th, Matthew Ohayer sold 24,000 shares of Vital Farms stock. The stock was sold at an average price of $42.56, for a total transaction of $1,021,440.00.
• On Friday, June 7th, Matthew Ohayer sold 8,142 shares of Vital Farms stock. The stock was sold at an average price of $42.56, for a total transaction of $346,523.52.
• On Wednesday, June 5th, Matthew Ohayer sold 10,430 shares of Vital Farms stock. The stock was sold at an average price of $44.51, for a total transaction of $464,239.30.
• On Thursday, May 30th, Matthew Ohayer sold 50,000 shares of Vital Farms stock. The stock was sold at an average price of $41.72, for a total transaction of $2,086,000.00.
• On Thursday, May 9th, Matthew Ohayer sold 4,000 shares of Vital Farms stock. The stock was sold at an average price of $33.15, for a total transaction of $132,600.00.

Vital Farms Price Performance

Shares of NASDAQ:VITL traded down $0.32 on Tuesday, hitting $38.68. The stock had a trading volume of 601,004 shares, compared to its average volume of 601,431. Vital Farms, Inc. has a twelve month low of $10.30 and a twelve month high of $48.41. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.66 and a current ratio of 3.10. The firm’s 50 day moving average price is $42.18 and its 200-day moving average price is $28.32. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 46.76 and a beta of 0.98.

Vital Farms (NASDAQ:VITL) last issued its earnings results on Thursday, May 9th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.23 by $0.20. Vital Farms had a net margin of 7.48% and a return on equity of 19.58%. The company had revenue of $147.93 million for the quarter, compared to the consensus estimate of $139.87 million. On average, equities research analysts predict that Vital Farms, Inc. will post 0.97 earnings per share for the current year.

Wall Street Analyst Weigh In

VITL has been the topic of several analyst reports. Stifel Nicolaus boosted their price target on shares of Vital Farms from $40.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday. DA Davidson boosted their price target on shares of Vital Farms from $28.00 to $45.00 and gave the company a “buy” rating in a report on Monday, May 13th. TD Cowen boosted their price target on shares of Vital Farms from $19.00 to $37.00 and gave the company a “hold” rating in a report on Friday, May 10th. Lake Street Capital boosted their price target on shares of Vital Farms from $26.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, William Blair initiated coverage on shares of Vital Farms in a report on Wednesday, April 10th. They issued an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Vital Farms presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.80.

Institutional Investors Weigh In On Vital Farms

Several institutional investors and hedge funds have recently made changes to their positions in VITL. CWM LLC lifted its position in Vital Farms by 162.9% during the 2nd quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $49,000 after buying an additional 655 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in Vital Farms during the 2nd quarter worth about $42,000. Price T Rowe Associates Inc. MD lifted its position in Vital Farms by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,510 shares of the company’s stock worth $617,000 after buying an additional 1,402 shares in the last quarter. Lazard Asset Management LLC lifted its position in Vital Farms by 30.0% during the 1st quarter. Lazard Asset Management LLC now owns 14,422 shares of the company’s stock worth $334,000 after buying an additional 3,327 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in Vital Farms by 49.0% during the 4th quarter. New York State Common Retirement Fund now owns 10,169 shares of the company’s stock worth $160,000 after buying an additional 3,346 shares in the last quarter. Institutional investors and hedge funds own 98.59% of the company’s stock.

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.