Matthew Ohayer Sells 5,000 Shares of Vital Farms, Inc. (NASDAQ:VITL) Stock

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) insider Matthew Ohayer sold 5,000 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $32.25, for a total value of $161,250.00. Following the transaction, the insider now directly owns 6,888,890 shares of the company's stock, valued at approximately $222,166,702.50. This represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 transaction of $790,500.00.
• 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 Performance

Shares of Vital Farms stock traded up $0.20 during trading on Friday, reaching $35.95. The company's stock had a trading volume of 709,861 shares, compared to its average volume of 1,030,731. The company has a 50-day moving average price of $33.49 and a two-hundred day moving average price of $35.19. Vital Farms, Inc. has a fifty-two week low of $27.91 and a fifty-two week high of $48.41. The firm has a market cap of $1.60 billion, a PE ratio of 32.19 and a beta of 0.89. 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 (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.11. The company had revenue of $162.19 million for the quarter, compared to the consensus estimate of $164.43 million. Vital Farms had a net margin of 8.26% and a return on equity of 19.53%. Vital Farms's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the firm posted $0.43 EPS. On average, analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC grew its holdings in Vital Farms by 152.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock worth $35,000 after acquiring an additional 540 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Vital Farms by 20,650.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,660 shares of the company's stock worth $51,000 after buying an additional 1,652 shares in the last quarter. US Bancorp DE grew its stake in Vital Farms by 160.3% in the 4th quarter. US Bancorp DE now owns 1,416 shares of the company's stock valued at $53,000 after acquiring an additional 872 shares during the last quarter. Frazier Financial Advisors LLC purchased a new position in Vital Farms during the 4th quarter valued at about $59,000. Finally, Principal Securities Inc. increased its holdings in Vital Farms by 29.4% during the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock valued at $63,000 after acquiring an additional 380 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

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.