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

Vital Farms, Inc. (NASDAQ:VITLGet Free Report) insider Matthew Ohayer sold 4,000 shares of Vital Farms stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $33.15, for a total value of $132,600.00. Following the completion of the transaction, the insider now directly owns 7,438,777 shares in the company, valued at $246,595,457.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • 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 shares were sold at an average price of $25.26, for a total transaction of $188,509,747.02.
  • On Tuesday, March 19th, Matthew Ohayer sold 16,000 shares of Vital Farms stock. The stock was sold at an average price of $22.95, for a total transaction of $367,200.00.
  • On Thursday, March 14th, Matthew Ohayer sold 100,000 shares of Vital Farms stock. The shares were sold at an average price of $21.38, for a total transaction of $2,138,000.00.

Vital Farms Stock Up 4.0 %

Shares of NASDAQ:VITL opened at $37.01 on Wednesday. The company’s fifty day moving average is $25.45 and its 200-day moving average is $18.42. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.66 and a current ratio of 3.10. Vital Farms, Inc. has a 52 week low of $10.00 and a 52 week high of $39.25. The company has a market capitalization of $1.56 billion, a PE ratio of 43.54 and a beta of 0.79.

Vital Farms (NASDAQ:VITLGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.20. The firm had revenue of $147.93 million for the quarter, compared to analyst estimates of $139.87 million. Vital Farms had a net margin of 7.48% and a return on equity of 19.58%. Equities research analysts predict that Vital Farms, Inc. will post 0.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on VITL shares. Lake Street Capital upped their price target on Vital Farms from $26.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Stifel Nicolaus cut Vital Farms from a “buy” rating to a “hold” rating and raised their target price for the stock from $30.00 to $40.00 in a research report on Friday, May 10th. DA Davidson lifted their price target on shares of Vital Farms from $28.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday. TD Cowen increased their price objective on shares of Vital Farms from $19.00 to $37.00 and gave the company a “hold” rating in a research note on Friday, May 10th. Finally, TheStreet upgraded shares of Vital Farms from a “c” rating to a “b-” rating in a research report on Monday, March 18th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.40.

View Our Latest Report on VITL

Institutional Investors Weigh In On Vital Farms

A number of large investors have recently bought and sold shares of VITL. Lazard Asset Management LLC raised its position in Vital Farms by 30.0% in the 1st quarter. Lazard Asset Management LLC now owns 14,422 shares of the company’s stock valued at $334,000 after purchasing an additional 3,327 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Vital Farms in the first quarter valued at about $210,000. Advisors Asset Management Inc. acquired a new position in Vital Farms during the 1st quarter worth about $264,000. Mark Sheptoff Financial Planning LLC bought a new stake in Vital Farms during the 1st quarter worth about $284,000. Finally, Vanguard Group Inc. increased its position in Vital Farms by 9.3% in the 1st quarter. Vanguard Group Inc. now owns 1,801,952 shares of the company’s stock valued at $41,895,000 after acquiring an additional 152,743 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors.

Vital Farms Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Vital Farms (NASDAQ:VITL)

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