Insider Selling: Vital Farms, Inc. (NASDAQ:VITL) Insider Sells 4,000 Shares of Stock

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) insider Matthew Ohayer sold 4,000 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $31.39, for a total transaction of $125,560.00. Following the transaction, the insider now directly owns 6,966,890 shares of the company's stock, valued at approximately $218,690,677.10. This trade represents a 0.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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 transaction of $589,200.00.
• On Tuesday, January 21st, Matthew Ohayer sold 24,000 shares of Vital Farms stock. The shares were sold at an average price of $43.19, for a total transaction of $1,036,560.00.

Vital Farms Price Performance

NASDAQ:VITL traded down $0.55 during mid-day trading on Friday, reaching $29.72. 879,677 shares of the stock were exchanged, compared to its average volume of 1,015,112. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average price of $35.18 and a 200 day moving average price of $35.68. Vital Farms, Inc. has a 1-year low of $23.04 and a 1-year high of $48.41. The firm has a market capitalization of $1.32 billion, a PE ratio of 26.54 and a beta of 0.95.

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

Wall Street Analysts Forecast Growth

VITL has been the topic of a number of recent analyst reports. Stifel Nicolaus raised Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price target on the stock in a report on Friday, February 28th. TD Cowen boosted their price target on Vital Farms from $41.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Telsey Advisory Group reissued an "outperform" rating and issued a $52.00 price target on shares of Vital Farms in a research note on Thursday, March 13th. DA Davidson cut their price objective on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Finally, Morgan Stanley began coverage on shares of Vital Farms in a report on Monday, March 24th. They issued an "overweight" rating and a $30.00 price objective for the company. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vital Farms presently has a consensus rating of "Buy" and a consensus price target of $42.00.

Hedge Funds Weigh In On Vital Farms

A number of institutional investors have recently bought and sold shares of VITL. Principal Securities Inc. increased its position in shares of Vital Farms by 29.4% in the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock worth $63,000 after acquiring an additional 380 shares in the last quarter. Summit Investment Advisors Inc. grew its position in Vital Farms by 15.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,487 shares of the company's stock worth $131,000 after purchasing an additional 475 shares in the last quarter. Lifestyle Asset Management Inc. raised its stake in Vital Farms by 5.1% during the 4th quarter. Lifestyle Asset Management Inc. now owns 10,345 shares of the company's stock valued at $390,000 after purchasing an additional 499 shares during the period. Stifel Financial Corp lifted its holdings in shares of Vital Farms by 6.8% in the fourth quarter. Stifel Financial Corp now owns 8,117 shares of the company's stock valued at $306,000 after purchasing an additional 518 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Vital Farms by 152.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock valued at $35,000 after purchasing an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 98.59% of the company's stock.

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.