Vital Farms (NASDAQ:VITL) Major Shareholder Matthew Ohayer Sells 3,550 Shares of Company Stock

Vital Farms, Inc. (NASDAQ:VITL – Get Free Report) major shareholder Matthew O’Hayer sold 3,550 shares of the company’s stock in a transaction on Friday, November 6th. The shares were sold at an average price of $9.53, for a total value of $33,831.50. Following the transaction, the insider directly owned 6,328,170 shares in the company, valued at $60,307,460.10. This represents a 0.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Monday, November 9th, Matthew O’Hayer sold 66,200 shares of Vital Farms stock. The shares were sold at an average price of $9.68, for a total transaction of $640,816.00.

Vital Farms Price Performance

Shares of NASDAQ:VITL opened at $10.01 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.56 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $429.83 million, a PE ratio of -18.20 and a beta of 1.16. Vital Farms, Inc. has a twelve month low of $7.95 and a twelve month high of $36.10. The company has a 50-day moving average price of $9.64 and a two-hundred day moving average price of $13.49.

Vital Farms (NASDAQ:VITL – Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.04). The business had revenue of $182.16 million during the quarter, compared to the consensus estimate of $181.78 million. Vital Farms had a negative net margin of 3.03% and a negative return on equity of 3.74%. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period last year, the firm earned $0.36 EPS. Equities analysts forecast that Vital Farms, Inc. will post -0.82 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. DA Davidson set a $10.00 price target on shares of Vital Farms in a research report on Tuesday, October 27th. Zacks Research raised Vital Farms from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. BMO Capital Markets restated an “outperform” rating on shares of Vital Farms in a research report on Wednesday, November 4th. TD Cowen dropped their price target on Vital Farms from $11.00 to $8.00 and set a “hold” rating for the company in a research note on Tuesday, October 13th. Finally, Weiss Ratings cut Vital Farms from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 29th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Vital Farms currently has an average rating of “Hold” and a consensus price target of $16.58.

View Our Latest Stock Report on Vital Farms

Institutional Trading of Vital Farms

A number of institutional investors have recently modified their holdings of VITL. Freestone Grove Partners LP purchased a new position in Vital Farms during the 2nd quarter valued at about $26,000. Frazier Financial Advisors LLC purchased a new stake in Vital Farms in the 2nd quarter worth approximately $27,000. GAMMA Investing LLC lifted its holdings in Vital Farms by 196.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,367 shares of the company’s stock worth $39,000 after buying an additional 2,232 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Vital Farms in the 2nd quarter worth approximately $42,000. Finally, Pinnacle Wealth Planning Services Inc. grew its position in shares of Vital Farms by 77.0% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 4,697 shares of the company’s stock worth $44,000 after buying an additional 2,044 shares during the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

About Vital Farms

(Get Free Report)

Vital Farms, Inc. is a food company that produces and markets pasture-raised eggs and other ethically sourced food products. Its offerings include pasture-raised eggs, butter, hard-boiled eggs and ghee, sold under the Vital Farms brand. Founded in 2007, the company works with a network of family farms and focuses on animal welfare, outdoor access and supply-chain transparency. Vital Farms products are distributed primarily through grocery retailers and other food channels across the United States.

Further Reading

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

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