Vital Farms, Inc. (NASDAQ:VITL) Insider Matthew Ohayer Sells 24,000 Shares

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 24,000 shares of the business’s 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 owns 7,194,777 shares of the company’s stock, valued at $281,243,832.93. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Vital Farms Stock Performance

Shares of NASDAQ VITL traded down $2.35 during mid-day trading on Wednesday, hitting $35.96. The stock had a trading volume of 2,161,559 shares, compared to its average volume of 746,737. The firm has a market cap of $1.52 billion, a PE ratio of 42.48 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.03 and a current ratio of 3.50. The company has a 50 day moving average of $34.12 and a two-hundred day moving average of $35.85. Vital Farms, Inc. has a twelve month low of $10.54 and a twelve month high of $48.41.

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

Analysts Set New Price Targets

VITL has been the subject of several recent analyst reports. DA Davidson boosted their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. 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, TD Cowen upgraded Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.20.

Hedge Funds Weigh In On Vital Farms

A number of institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp boosted its holdings in shares of Vital Farms by 8.6% in 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 last quarter. CWM LLC lifted its position in Vital Farms by 162.9% during the second quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after purchasing an additional 655 shares during the period. nVerses Capital LLC boosted its holdings in Vital Farms by 66.7% in the second quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock valued at $94,000 after purchasing an additional 800 shares during the last quarter. Quarry LP grew its position in Vital Farms by 180.4% during 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 position in shares of Vital Farms during the 2nd quarter valued at about $42,000. 98.59% of the stock is 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.