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 firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $42.56, for a total transaction of $1,021,440.00. Following the completion of the sale, the insider now owns 7,290,777 shares of the company’s stock, valued at approximately $310,295,469.12. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Friday, June 7th, Matthew Ohayer sold 8,142 shares of Vital Farms stock. The shares were 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 shares were 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 shares were 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.
• On Friday, April 19th, Matthew Ohayer sold 20,000 shares of Vital Farms stock. The stock was sold at an average price of $25.12, for a total transaction of $502,400.00.
• On Friday, April 5th, Matthew Ohayer sold 7,462,777 shares of Vital Farms stock. The stock was sold at an average price of $25.26, for a total transaction of $188,509,747.02.

Vital Farms Stock Performance

Shares of VITL stock opened at $42.33 on Monday. The company’s fifty day simple moving average is $35.63 and its 200-day simple moving average is $24.07. The company has a quick ratio of 2.66, a current ratio of 3.10 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.79 billion, a PE ratio of 49.80 and a beta of 0.96. Vital Farms, Inc. has a 12 month low of $10.00 and a 12 month high of $44.85.

Vital Farms (NASDAQ:VITL) last issued its earnings results on Thursday, May 9th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.20. The business had revenue of $147.93 million for the quarter, compared to the consensus estimate of $139.87 million. Vital Farms had a net margin of 7.48% and a return on equity of 19.58%. Equities research analysts expect that Vital Farms, Inc. will post 0.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Vital Farms

A number of institutional investors have recently added to or reduced their stakes in VITL. Hsbc Holdings PLC increased its holdings in Vital Farms by 15.2% during the third quarter. Hsbc Holdings PLC now owns 15,905 shares of the company’s stock worth $184,000 after buying an additional 2,094 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Vital Farms by 221.0% in the third quarter. Acadian Asset Management LLC now owns 176,608 shares of the company’s stock valued at $2,043,000 after purchasing an additional 121,596 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Vital Farms in the third quarter valued at $119,000. Trexquant Investment LP increased its holdings in shares of Vital Farms by 96.1% in the third quarter. Trexquant Investment LP now owns 105,216 shares of the company’s stock valued at $1,218,000 after purchasing an additional 51,561 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of Vital Farms by 79.3% in the third quarter. Schroder Investment Management Group now owns 524,598 shares of the company’s stock valued at $6,075,000 after purchasing an additional 231,985 shares during the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on VITL shares. William Blair started coverage on shares of Vital Farms in a research note on Wednesday, April 10th. They set an “outperform” rating on the stock. TD Cowen lifted their price objective on shares of Vital Farms from $19.00 to $37.00 and gave the stock a “hold” rating in a research note on Friday, May 10th. Stifel Nicolaus lowered shares of Vital Farms from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $30.00 to $40.00 in a research note on Friday, May 10th. DA Davidson lifted their price target on shares of Vital Farms from $28.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, Lake Street Capital lifted their price target on shares of Vital Farms from $26.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.40.

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.