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 Vital Farms stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $43.19, for a total value of $1,036,560.00. Following the completion of the transaction, the insider now owns 7,014,890 shares of the company’s stock, valued at $302,973,099.10. This trade represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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 transaction of $916,560.00.

Vital Farms Stock Up 1.6 %

Shares of Vital Farms stock opened at $45.12 on Friday. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.98 billion, a P/E ratio of 40.29 and a beta of 0.88. Vital Farms, Inc. has a 1 year low of $14.37 and a 1 year high of $48.41. The stock has a 50-day moving average price of $37.33 and a 200 day moving average price of $35.88.

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

Wall Street Analysts Forecast Growth

VITL has been the topic of a number of research reports. TD Cowen increased their price target on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Jefferies Financial Group decreased their price objective on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a report on Monday, November 11th. DA Davidson lifted their target price on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Craig Hallum started 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Vital Farms presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.67.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VITL. American Century Companies Inc. grew its holdings in Vital Farms by 190.8% in the 2nd quarter. American Century Companies Inc. now owns 51,761 shares of the company’s stock valued at $2,421,000 after buying an additional 33,960 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Vital Farms in the 2nd quarter valued at $168,000. Sei Investments Co. lifted its stake in Vital Farms by 242.4% during the second quarter. Sei Investments Co. now owns 88,037 shares of the company’s stock worth $4,117,000 after purchasing an additional 62,325 shares during the period. Marshall Wace LLP lifted its position in shares of Vital Farms by 29.7% during the 2nd quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock worth $43,859,000 after buying an additional 214,839 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in shares of Vital Farms by 230.8% in the 2nd quarter. Squarepoint Ops LLC now owns 230,940 shares of the company’s stock valued at $10,801,000 after purchasing an additional 161,131 shares in the last quarter. Institutional investors 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.