Matthew Ohayer Sells 25,000 Shares of Vital Farms, Inc. (NASDAQ:VITL) Stock

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) insider Matthew Ohayer sold 25,000 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $31.62, for a total transaction of $790,500.00. Following the completion of the transaction, the insider now owns 6,893,890 shares in the company, valued at $217,984,801.80. This represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, June 17th, Matthew Ohayer sold 5,000 shares of Vital Farms stock. The shares were sold at an average price of $32.25, for a total value of $161,250.00.
• On Monday, April 21st, Matthew Ohayer sold 24,000 shares of Vital Farms stock. The shares were sold at an average price of $32.68, for a total value of $784,320.00.
• On Monday, March 24th, Matthew Ohayer sold 4,000 shares of Vital Farms stock. The stock was sold at an average price of $31.39, for a total value of $125,560.00.
• On Wednesday, March 19th, Matthew Ohayer sold 20,000 shares of Vital Farms stock. The shares were sold at an average price of $29.46, for a total value of $589,200.00.

Vital Farms Stock Up 6.6%

VITL traded up $2.11 during trading on Tuesday, reaching $34.32. 1,367,603 shares of the stock were exchanged, compared to its average volume of 1,027,102. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. The stock's 50 day moving average price is $33.39 and its two-hundred day moving average price is $35.17. Vital Farms, Inc. has a twelve month low of $27.91 and a twelve month high of $48.41. The stock has a market cap of $1.53 billion, a P/E ratio of 30.64 and a beta of 0.89.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.11. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The company had revenue of $162.19 million for the quarter, compared to analysts' expectations of $164.43 million. During the same period in the prior year, the firm earned $0.43 EPS. Vital Farms's quarterly revenue was up 9.7% compared to the same quarter last year. Equities analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP lifted its holdings in Vital Farms by 17.8% during the 1st quarter. Wellington Management Group LLP now owns 2,863,872 shares of the company's stock valued at $87,262,000 after purchasing an additional 432,848 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Vital Farms by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 2,236,848 shares of the company's stock worth $84,307,000 after buying an additional 87,980 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Vital Farms by 1,453.0% during the 1st quarter. American Century Companies Inc. now owns 1,243,467 shares of the company's stock worth $37,888,000 after buying an additional 1,163,399 shares during the period. Principal Financial Group Inc. raised its holdings in Vital Farms by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,209,564 shares of the company's stock valued at $36,855,000 after acquiring an additional 37,614 shares during the period. Finally, Lord Abbett & CO. LLC lifted its position in Vital Farms by 64.6% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,058,753 shares of the company's stock worth $39,904,000 after acquiring an additional 415,614 shares during the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VITL. DA Davidson reduced their price objective on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. BMO Capital Markets raised shares of Vital Farms to a "strong-buy" rating in a report on Tuesday, May 6th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $52.00 price objective on shares of Vital Farms in a research note on Monday, May 5th. William Blair reiterated an "outperform" rating on shares of Vital Farms in a report on Friday, February 28th. Finally, Stifel Nicolaus upgraded Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price target for the company in a report on Friday, February 28th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $44.63.

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.

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