Vital Farms, Inc. (NASDAQ:VITL) Chairman Matthew Ohayer Sells 16,000 Shares

Vital Farms, Inc. (NASDAQ:VITLGet Free Report) Chairman Matthew Ohayer sold 16,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $22.95, for a total value of $367,200.00. Following the completion of the sale, the chairman now directly owns 7,466,777 shares of the company’s stock, valued at approximately $171,362,532.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • 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.
  • On Friday, January 19th, Matthew Ohayer sold 12,000 shares of Vital Farms stock. The shares were sold at an average price of $14.36, for a total value of $172,320.00.

Vital Farms Price Performance

NASDAQ VITL traded up $0.59 on Thursday, reaching $23.41. 952,650 shares of the stock traded hands, compared to its average volume of 341,326. Vital Farms, Inc. has a 12 month low of $10.00 and a 12 month high of $23.43. The firm’s fifty day simple moving average is $16.97 and its 200 day simple moving average is $14.14. The company has a market cap of $978.54 million, a price-to-earnings ratio of 39.34 and a beta of 0.84. The company has a quick ratio of 2.49, a current ratio of 3.00 and a debt-to-equity ratio of 0.05.

Vital Farms (NASDAQ:VITLGet Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The company had revenue of $135.81 million during the quarter, compared to the consensus estimate of $131.10 million. Vital Farms had a return on equity of 14.22% and a net margin of 5.42%. During the same quarter in the prior year, the firm earned $0.04 EPS. As a group, research analysts predict that Vital Farms, Inc. will post 0.8 EPS for the current fiscal year.

Institutional Trading of Vital Farms

Hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC lifted its holdings in shares of Vital Farms by 221.0% in the third quarter. Acadian Asset Management LLC now owns 176,608 shares of the company’s stock valued at $2,043,000 after purchasing an additional 121,596 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Vital Farms by 52.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,196 shares of the company’s stock worth $95,000 after acquiring an additional 2,833 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of Vital Farms by 79.3% during the third quarter. Schroder Investment Management Group now owns 524,598 shares of the company’s stock worth $6,075,000 after acquiring an additional 231,985 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Vital Farms during the third quarter worth $821,000. Finally, Hsbc Holdings PLC raised its holdings in shares of Vital Farms by 15.2% during the third quarter. Hsbc Holdings PLC now owns 15,905 shares of the company’s stock worth $184,000 after acquiring an additional 2,094 shares in the last quarter. Hedge funds and other institutional investors own 64.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on VITL. DA Davidson began coverage on Vital Farms in a report on Friday, December 8th. They set a “buy” rating and a $21.00 target price for the company. Stifel Nicolaus increased their price objective on Vital Farms from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, TheStreet raised Vital Farms from a “c” rating to a “b-” rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.20.

Check Out Our Latest Report on Vital Farms

Vital Farms Company Profile

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Vital Farms, Inc, a food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, ghee, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.

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Insider Buying and Selling by Quarter for Vital Farms (NASDAQ:VITL)

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