Vital Farms, Inc. (NASDAQ:VITL) Insider Matthew Ohayer Sells 50,000 Shares

Vital Farms, Inc. (NASDAQ:VITLGet Free Report) insider Matthew Ohayer sold 50,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $41.72, for a total value of $2,086,000.00. Following the transaction, the insider now directly owns 7,364,777 shares in the company, valued at approximately $307,258,496.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • On Thursday, May 9th, Matthew Ohayer sold 4,000 shares of Vital Farms stock. The shares were sold at an average price of $33.15, for a total value 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 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 value of $2,138,000.00.

Vital Farms Trading Up 4.2 %

Vital Farms stock opened at $43.11 on Tuesday. Vital Farms, Inc. has a 12-month low of $10.00 and a 12-month high of $43.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.10 and a quick ratio of 2.66. The stock has a market capitalization of $1.82 billion, a PE ratio of 50.72 and a beta of 0.79. The firm has a 50 day simple moving average of $30.61 and a 200-day simple moving average of $21.21.

Vital Farms (NASDAQ:VITLGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.20. Vital Farms had a return on equity of 19.58% and a net margin of 7.48%. The firm had revenue of $147.93 million during the quarter, compared to analyst estimates of $139.87 million. As a group, equities research analysts expect that Vital Farms, Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. William Blair started coverage on Vital Farms in a research report on Wednesday, April 10th. They set an “outperform” rating for the company. DA Davidson upped their price target on shares of Vital Farms from $28.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Lake Street Capital lifted their price objective on shares of Vital Farms from $26.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Stifel Nicolaus cut shares of Vital Farms from a “buy” rating to a “hold” rating and upped their target price for the stock from $30.00 to $40.00 in a research report on Friday, May 10th. Finally, TheStreet raised Vital Farms from a “c” rating to a “b-” rating in a report on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.40.

Get Our Latest Report on VITL

Institutional Trading of Vital Farms

Large investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas increased its stake in Vital Farms by 71.9% in the 3rd quarter. Teacher Retirement System of Texas now owns 27,193 shares of the company’s stock worth $315,000 after purchasing an additional 11,374 shares in the last quarter. Barclays PLC lifted its holdings in shares of Vital Farms by 30.1% in the third quarter. Barclays PLC now owns 58,647 shares of the company’s stock valued at $681,000 after purchasing an additional 13,579 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Vital Farms in the third quarter worth $821,000. Prime Capital Investment Advisors LLC purchased a new position in shares of Vital Farms during the third quarter valued at $201,000. Finally, William Blair Investment Management LLC raised its position in Vital Farms by 25.1% during the third quarter. William Blair Investment Management LLC now owns 2,062,551 shares of the company’s stock valued at $23,884,000 after buying an additional 413,475 shares during the period. 98.59% of the stock is currently owned by institutional investors.

About Vital Farms

(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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