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 stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $39.09, for a total transaction of $938,160.00. Following the completion of the transaction, the insider now directly owns 7,194,777 shares of the company’s stock, valued at approximately $281,243,832.93. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Vital Farms Price Performance

Shares of NASDAQ:VITL opened at $34.77 on Friday. The business has a fifty day moving average price of $34.29 and a 200-day moving average price of $35.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.50 and a quick ratio of 3.03. The company has a market capitalization of $1.50 billion, a PE ratio of 32.80 and a beta of 0.97. Vital Farms, Inc. has a 1-year low of $10.65 and a 1-year high of $48.41.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.16. The business had revenue of $147.39 million during the quarter, compared to analyst estimates of $138.41 million. Vital Farms had a net margin of 8.70% and a return on equity of 22.77%. Vital Farms’s revenue was up 38.5% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. As a group, equities analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VITL has been the subject of several research reports. TD Cowen raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Friday, August 9th. Stifel Nicolaus decreased their price objective on Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a report on Friday, August 9th. Finally, DA Davidson boosted their target price on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 10th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Vital Farms currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

Institutional Trading of Vital Farms

Several institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its stake in Vital Farms by 8.6% during the 2nd quarter. Van ECK Associates Corp now owns 4,095 shares of the company’s stock valued at $192,000 after acquiring an additional 323 shares during the period. CWM LLC boosted its holdings in Vital Farms by 162.9% in the second quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $49,000 after purchasing an additional 655 shares during the last quarter. nVerses Capital LLC grew its position in Vital Farms by 66.7% in the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock worth $94,000 after purchasing an additional 800 shares during the period. Quarry LP grew 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 purchasing an additional 830 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new stake in Vital Farms during the 2nd quarter valued at $42,000. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

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.