Insider Selling: Vital Farms (NASDAQ:VITL) Insider Sells $771,250.00 in Stock

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 25,000 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $30.85, for a total value of $771,250.00. Following the sale, the insider owned 6,361,190 shares in the company, valued at approximately $196,242,711.50. This represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, December 15th, Matthew Ohayer sold 5,000 shares of Vital Farms stock. The shares were sold at an average price of $35.25, for a total value of $176,250.00.
• On Monday, December 1st, Matthew Ohayer sold 25,000 shares of Vital Farms stock. The stock was sold at an average price of $33.17, for a total transaction of $829,250.00.
• On Tuesday, November 4th, Matthew Ohayer sold 5,000 shares of Vital Farms stock. The stock was sold at an average price of $37.78, for a total transaction of $188,900.00.
• On Monday, November 3rd, Matthew Ohayer sold 25,000 shares of Vital Farms stock. The stock was sold at an average price of $31.92, for a total value of $798,000.00.

Vital Farms Stock Up 0.1%

VITL stock opened at $30.06 on Friday. The company has a quick ratio of 2.15, a current ratio of 2.65 and a debt-to-equity ratio of 0.02. Vital Farms, Inc. has a twelve month low of $28.87 and a twelve month high of $53.13. The stock has a market cap of $1.35 billion, a P/E ratio of 22.77 and a beta of 1.11. The business’s 50-day moving average price is $32.42 and its 200-day moving average price is $38.84.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. Vital Farms had a return on equity of 20.19% and a net margin of 8.50%.The firm had revenue of $198.94 million during the quarter, compared to analyst estimates of $191.35 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The business’s quarterly revenue was up 37.2% compared to the same quarter last year. On average, equities research analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on VITL. Zacks Research lowered shares of Vital Farms from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Telsey Advisory Group reissued an “outperform” rating and issued a $50.00 price target on shares of Vital Farms in a report on Wednesday, December 17th. BMO Capital Markets dropped their target price on Vital Farms from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Thursday, December 18th. Jefferies Financial Group restated a “buy” rating and issued a $52.00 price objective on shares of Vital Farms in a research report on Wednesday, December 17th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Vital Farms in a research report on Monday, December 29th. Thirteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.91.

Institutional Trading of Vital Farms

A number of institutional investors and hedge funds have recently bought and sold shares of VITL. Exchange Traded Concepts LLC purchased a new stake in shares of Vital Farms during the third quarter worth $28,000. Caitong International Asset Management Co. Ltd acquired a new position in Vital Farms in the 3rd quarter valued at about $55,000. GAMMA Investing LLC increased its stake in Vital Farms by 896.2% in the 4th quarter. GAMMA Investing LLC now owns 2,590 shares of the company’s stock valued at $83,000 after buying an additional 2,330 shares during the period. Virtus Advisers LLC purchased a new stake in Vital Farms in the 3rd quarter valued at approximately $105,000. Finally, Assetmark Inc. boosted its holdings in Vital Farms by 18.9% during the second quarter. Assetmark Inc. now owns 3,153 shares of the company’s stock worth $121,000 after buying an additional 501 shares in the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

About Vital Farms

Vital Farms, traded on the NASDAQ under the symbol VITL, is a U.S.-based food company specializing in pasture-raised egg and dairy products. The company partners with a network of family farms across the United States to produce eggs, butter and related items under a certified humane, pasture-centric farming model. Vital Farms’ supply chain emphasizes animal welfare, environmental stewardship and transparent sourcing, appealing to consumers seeking ethically produced, high-quality ingredients.

Founded in 2007 and headquartered in Austin, Texas, Vital Farms began by marketing pasture-raised eggs to health- and ethically minded shoppers.