Vital Farms, Inc. (NASDAQ:VITL) Insider Sells $589,200.00 in Stock

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) insider Matthew Ohayer sold 20,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $29.46, for a total value of $589,200.00. Following the transaction, the insider now owns 6,970,890 shares in the company, valued at approximately $205,362,419.40. This trade represents a 0.29 % decrease in their position. 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 Tuesday, January 21st, Matthew Ohayer sold 24,000 shares of Vital Farms stock. The stock was sold at an average price of $43.19, for a total transaction of $1,036,560.00.

Vital Farms Stock Up 5.3 %

VITL traded up $1.57 on Monday, hitting $31.36. 1,051,229 shares of the company were exchanged, compared to its average volume of 987,517. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. The stock's fifty day moving average is $36.17 and its 200-day moving average is $35.68. The company has a market cap of $1.39 billion, a PE ratio of 28.00 and a beta of 0.95. Vital Farms, Inc. has a 12 month low of $22.82 and a 12 month high of $48.41.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. The company had revenue of $165.99 million during the quarter, compared to the consensus estimate of $160.32 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. Equities research analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

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Analyst Ratings Changes

Several equities analysts have recently issued reports on VITL shares. Craig Hallum initiated coverage on shares of Vital Farms in a report on Friday, December 20th. They issued a "buy" rating and a $50.00 price target for the company. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $52.00 price target on shares of Vital Farms in a research note on Thursday, March 13th. Morgan Stanley started coverage on shares of Vital Farms in a report on Monday. They set an "overweight" rating and a $30.00 price objective on the stock. TD Cowen increased their target price on Vital Farms from $41.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Finally, William Blair restated an "outperform" rating on shares of Vital Farms in a report on Friday, February 28th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $42.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VITL. Wellington Management Group LLP boosted its position in Vital Farms by 417.8% during the fourth quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company's stock worth $91,625,000 after purchasing an additional 1,961,550 shares during the period. Principal Financial Group Inc. grew its stake in Vital Farms by 78.7% in the 4th quarter. Principal Financial Group Inc. now owns 1,171,950 shares of the company's stock valued at $44,172,000 after buying an additional 516,139 shares during the last quarter. Lord Abbett & CO. LLC raised its holdings in Vital Farms by 64.6% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,058,753 shares of the company's stock valued at $39,904,000 after acquiring an additional 415,614 shares during the period. Jupiter Asset Management Ltd. boosted its holdings in shares of Vital Farms by 96.3% during the fourth quarter. Jupiter Asset Management Ltd. now owns 628,709 shares of the company's stock worth $23,696,000 after acquiring an additional 308,425 shares during the period. Finally, Wasatch Advisors LP grew its position in shares of Vital Farms by 105.5% in the fourth quarter. Wasatch Advisors LP now owns 579,808 shares of the company's stock valued at $21,853,000 after purchasing an additional 297,684 shares during the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

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.