Vital Farms, Inc. (NASDAQ:VITL) Insider Matthew Ohayer Sells 30,000 Shares

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) insider Matthew Ohayer sold 30,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $39.17, for a total transaction of $1,175,100.00. Following the sale, the insider directly owned 6,858,890 shares of the company's stock, valued at approximately $268,662,721.30. The trade was a 0.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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 Friday, June 13th, Matthew Ohayer sold 25,000 shares of Vital Farms stock. The shares were sold at an average price of $31.62, for a total value of $790,500.00.
• On Monday, April 21st, Matthew Ohayer sold 24,000 shares of Vital Farms stock. The stock was sold at an average price of $32.68, for a total value of $784,320.00.

Vital Farms Price Performance

VITL traded down $0.27 on Thursday, hitting $39.28. 385,797 shares of the company's stock traded hands, compared to its average volume of 1,026,005. The company's 50 day simple moving average is $34.29 and its 200-day simple moving average is $35.28. The company has a current ratio of 3.35, a quick ratio of 2.91 and a debt-to-equity ratio of 0.03. Vital Farms, Inc. has a one year low of $27.91 and a one year high of $46.58. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 35.07 and a beta of 0.94.

Vital Farms (NASDAQ:VITL - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $162.19 million during the quarter, compared to analyst estimates of $164.43 million. Vital Farms had a net margin of 8.26% and a return on equity of 19.53%. The company's revenue was up 9.7% on a year-over-year basis. During the same period last year, the firm posted $0.43 EPS. As a group, research analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current year.

Hedge Funds Weigh In On Vital Farms

A number of hedge funds and other institutional investors have recently modified their holdings of VITL. Wellington Management Group LLP increased its holdings in Vital Farms by 417.8% in the 4th quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company's stock valued at $91,625,000 after acquiring an additional 1,961,550 shares during the last quarter. American Century Companies Inc. grew its position in shares of Vital Farms by 1,453.0% during the first quarter. American Century Companies Inc. now owns 1,243,467 shares of the company's stock valued at $37,888,000 after purchasing an additional 1,163,399 shares in the last quarter. Nuveen LLC bought a new stake in shares of Vital Farms in the first quarter worth about $17,633,000. Lord Abbett & CO. LLC increased its holdings in shares of Vital Farms by 64.6% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,058,753 shares of the company's stock worth $39,904,000 after purchasing an additional 415,614 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Vital Farms in the first quarter worth about $12,207,000. Institutional investors own 98.59% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VITL shares. Telsey Advisory Group reiterated an "outperform" rating and set a $52.00 price objective on shares of Vital Farms in a research note on Monday, May 5th. BMO Capital Markets raised shares of Vital Farms to a "strong-buy" rating in a report on Tuesday, May 6th. Morgan Stanley dropped their price target on shares of Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, DA Davidson reduced their price objective on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $44.63.

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.

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