Vital Farms, Inc. (NASDAQ:VITL) Insider Matthew Ohayer Sells 4,000 Shares

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 4,000 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $31.39, for a total value of $125,560.00. Following the completion of the sale, the insider now owns 6,966,890 shares in the company, valued at $218,690,677.10. This trade represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, March 19th, Matthew Ohayer sold 20,000 shares of Vital Farms stock. The shares were sold at an average price of $29.46, for a total transaction of $589,200.00.
• On Tuesday, January 21st, Matthew Ohayer sold 24,000 shares of Vital Farms stock. The shares were 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 $31.00 on Thursday. Vital Farms, Inc. has a 52 week low of $22.92 and a 52 week high of $48.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 27.68 and a beta of 0.95. The firm has a fifty day moving average of $35.75 and a two-hundred day moving average of $35.67.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its position in Vital Farms by 417.8% during the 4th quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company’s stock worth $91,625,000 after acquiring an additional 1,961,550 shares during the last quarter. Cim LLC lifted its position in shares of Vital Farms by 80.7% in the fourth quarter. Cim LLC now owns 12,433 shares of the company’s stock worth $469,000 after purchasing an additional 5,554 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Vital Farms by 19.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,695 shares of the company’s stock worth $3,343,000 after purchasing an additional 14,432 shares during the last quarter. Sapience Investments LLC boosted its holdings in Vital Farms by 15.2% during the fourth quarter. Sapience Investments LLC now owns 77,698 shares of the company’s stock worth $2,928,000 after purchasing an additional 10,235 shares during the last quarter. Finally, Raiffeisen Bank International AG bought a new position in Vital Farms in the fourth quarter valued at $892,000. Institutional investors and hedge funds own 98.59% of the company’s stock.

Analyst Upgrades and Downgrades

VITL has been the topic of a number of recent analyst reports. Stifel Nicolaus raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Friday, February 28th. TD Cowen increased their price objective on shares of Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Vital Farms in a research note on Thursday, March 13th. Morgan Stanley started coverage on shares of Vital Farms in a research note on Monday. They set an “overweight” rating and a $30.00 price target on the stock. Finally, William Blair restated an “outperform” rating on shares of Vital Farms in a research report on Friday, February 28th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $42.00.

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.