Matthew Ohayer Sells 100,000 Shares of Vital Farms (NASDAQ:VITL) Stock

Key Points

• Matthew Ohayer, an insider at Vital Farms, sold 100,000 shares of the company on September 4th for an average price of $50.96, totaling approximately $5.1 million, resulting in a 1.52% decrease in his ownership.
• Vital Farms' stock has seen a 7.6% decline, with its current trading price at $47.25, despite the company reporting a 25.4% increase in year-over-year revenue during its last quarterly earnings.
• Several analysts have raised their price targets for Vital Farms, with BMO Capital Markets setting a new target of $60, indicating a positive outlook for the company.

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) insider Matthew Ohayer sold 100,000 shares of the firm's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $50.96, for a total value of $5,096,000.00. Following the completion of the transaction, the insider owned 6,482,070 shares of the company's stock, valued at approximately $330,326,287.20. This represents a 1.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, September 2nd, Matthew Ohayer sold 145,000 shares of Vital Farms stock. The shares were sold at an average price of $51.98, for a total value of $7,537,100.00.
• On Friday, August 29th, Matthew Ohayer sold 100,000 shares of Vital Farms stock. The stock was sold at an average price of $51.13, for a total value of $5,113,000.00.
• On Thursday, August 21st, Matthew Ohayer sold 4,200 shares of Vital Farms stock. The shares were sold at an average price of $50.25, for a total value of $211,050.00.
• On Tuesday, August 19th, Matthew Ohayer sold 800 shares of Vital Farms stock. The stock was sold at an average price of $50.31, for a total value of $40,248.00.
• On Wednesday, July 23rd, Matthew Ohayer sold 5,000 shares of Vital Farms stock. The stock was sold at an average price of $40.34, for a total value of $201,700.00.
• On Tuesday, July 1st, Matthew Ohayer sold 30,000 shares of Vital Farms stock. The stock was sold at an average price of $39.17, for a total value of $1,175,100.00.
• On Tuesday, June 17th, Matthew Ohayer sold 5,000 shares of Vital Farms stock. The stock was sold at an average price of $32.25, for a total value of $161,250.00.
• On Friday, June 13th, Matthew Ohayer sold 25,000 shares of Vital Farms stock. The stock was sold at an average price of $31.62, for a total value of $790,500.00.

Vital Farms Stock Up 0.2%

Vital Farms stock traded up $0.08 during mid-day trading on Friday, hitting $48.56. The company had a trading volume of 707,068 shares, compared to its average volume of 1,099,652. The company has a current ratio of 2.48, a quick ratio of 2.10 and a debt-to-equity ratio of 0.02. The stock's 50 day moving average price is $43.73 and its two-hundred day moving average price is $36.91. Vital Farms, Inc. has a 12 month low of $27.91 and a 12 month high of $53.13. The company has a market capitalization of $2.17 billion, a PE ratio of 43.36 and a beta of 0.94.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.27 by $0.09. The company had revenue of $184.77 million for the quarter, compared to analysts' expectations of $170.28 million. Vital Farms had a return on equity of 18.40% and a net margin of 7.84%.Vital Farms's revenue was up 25.4% compared to the same quarter last year. During the same period last year, the firm posted $0.36 earnings per share. Vital Farms has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. BMO Capital Markets upped their price target on shares of Vital Farms from $50.00 to $60.00 and gave the company an "outperform" rating in a research report on Tuesday, September 2nd. DA Davidson upped their price target on shares of Vital Farms from $51.00 to $52.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Telsey Advisory Group upped their price target on shares of Vital Farms from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Stifel Nicolaus upped their price target on shares of Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Mizuho increased their target price on shares of Vital Farms from $45.00 to $53.00 and gave the stock an "outperform" rating in a report on Monday, August 11th. Eleven investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $49.80.

Institutional Trading of Vital Farms

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its stake in Vital Farms by 17.8% in the first quarter. Wellington Management Group LLP now owns 2,863,872 shares of the company's stock worth $87,262,000 after purchasing an additional 432,848 shares during the period. Wasatch Advisors LP increased its stake in Vital Farms by 80.2% in the second quarter. Wasatch Advisors LP now owns 2,074,803 shares of the company's stock worth $79,921,000 after purchasing an additional 923,507 shares during the period. American Century Companies Inc. increased its stake in Vital Farms by 35.7% in the second quarter. American Century Companies Inc. now owns 1,687,869 shares of the company's stock worth $65,017,000 after purchasing an additional 444,402 shares during the period. Marshall Wace LLP increased its stake in Vital Farms by 97.4% in the second quarter. Marshall Wace LLP now owns 1,234,008 shares of the company's stock worth $47,534,000 after purchasing an additional 608,723 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Vital Farms by 3.2% during the first quarter. Principal Financial Group Inc. now owns 1,209,564 shares of the company's stock valued at $36,855,000 after buying an additional 37,614 shares during the period. Hedge funds and other institutional investors own 98.59% of the company's stock.

Vital Farms Company Profile

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.