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

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) insider Matthew Ohayer sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $33.15, for a total value of $132,600.00. Following the completion of the sale, the insider now owns 7,438,777 shares in the company, valued at $246,595,457.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 stock was 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 value of $367,200.00.
• On Thursday, March 14th, Matthew Ohayer sold 100,000 shares of Vital Farms stock. The stock was sold at an average price of $21.38, for a total value of $2,138,000.00.

Vital Farms Stock Performance

Shares of Vital Farms stock traded down $0.81 during mid-day trading on Monday, hitting $35.60. 1,452,017 shares of the stock were exchanged, compared to its average volume of 491,445. Vital Farms, Inc. has a 12 month low of $10.00 and a 12 month high of $39.25. The company has a 50-day simple moving average of $24.74 and a 200 day simple moving average of $18.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.66 and a current ratio of 3.10. The company has a market capitalization of $1.50 billion, a P/E ratio of 41.87 and a beta of 0.79.

Vital Farms (NASDAQ:VITL - Get Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.23 by $0.20. Vital Farms had a net margin of 7.48% and a return on equity of 19.58%. The firm had revenue of $147.93 million for the quarter, compared to analysts' expectations of $139.87 million. Sell-side analysts anticipate that Vital Farms, Inc. will post 0.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vital Farms

Several large investors have recently modified their holdings of the stock. William Blair Investment Management LLC increased its stake in shares of Vital Farms by 9.2% during the 1st quarter. William Blair Investment Management LLC now owns 2,650,008 shares of the company's stock worth $61,613,000 after purchasing an additional 224,335 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Vital Farms by 9.3% during the 1st quarter. Vanguard Group Inc. now owns 1,801,952 shares of the company's stock worth $41,895,000 after purchasing an additional 152,743 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in shares of Vital Farms by 116.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 862,644 shares of the company's stock worth $20,056,000 after purchasing an additional 463,471 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Vital Farms by 79.3% during the 3rd quarter. Schroder Investment Management Group now owns 524,598 shares of the company's stock worth $6,075,000 after purchasing an additional 231,985 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Vital Farms by 19.4% during the 1st quarter. Principal Financial Group Inc. now owns 477,826 shares of the company's stock worth $11,109,000 after purchasing an additional 77,710 shares during the last quarter. Hedge funds and other institutional investors own 98.59% of the company's stock.

Wall Street Analyst Weigh In

VITL has been the topic of a number of research analyst reports. TD Cowen increased their price objective on shares of Vital Farms from $19.00 to $37.00 and gave the stock a "hold" rating in a research report on Friday. TheStreet raised shares of Vital Farms from a "c" rating to a "b-" rating in a research report on Monday, March 18th. DA Davidson raised their price target on shares of Vital Farms from $28.00 to $45.00 and gave the company a "buy" rating in a research report on Monday. Stifel Nicolaus cut shares of Vital Farms from a "buy" rating to a "hold" rating and raised their price target for the company from $30.00 to $40.00 in a research report on Friday. Finally, Lake Street Capital raised their price target 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $34.40.

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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