Vital Farms (VITL) Scheduled to Post Earnings on Thursday

Vital Farms (NASDAQ:VITL) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, August 8th. Analysts expect Vital Farms to post earnings of $0.21 per share for the quarter. Vital Farms has set its FY 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Vital Farms (NASDAQ:VITL) last posted its earnings results on Thursday, May 9th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.20. The company had revenue of $147.93 million for the quarter, compared to analyst estimates of $139.87 million. Vital Farms had a return on equity of 19.58% and a net margin of 7.48%. On average, analysts expect Vital Farms to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Vital Farms Stock Performance

VITL stock opened at $35.36 on Wednesday. Vital Farms has a one year low of $10.30 and a one year high of $48.41. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 41.60 and a beta of 0.98. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.66 and a current ratio of 3.10. The firm has a 50-day simple moving average of $41.54 and a two-hundred day simple moving average of $29.95.

Insiders Place Their Bets

In related news, insider Joanne Bal sold 9,800 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $35.11, for a total value of $344,078.00. Following the sale, the insider now owns 61,198 shares in the company, valued at $2,148,661.78. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Joanne Bal sold 9,800 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $35.11, for a total transaction of $344,078.00. Following the completion of the transaction, the insider now directly owns 61,198 shares in the company, valued at $2,148,661.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew Ohayer sold 10,430 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $44.51, for a total value of $464,239.30. Following the completion of the sale, the insider now owns 7,354,347 shares in the company, valued at approximately $327,341,984.97. The disclosure for this sale can be found here. In the last 90 days, insiders sold 193,321 shares of company stock valued at $7,983,343. 30.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on VITL. TD Cowen increased their target price on shares of Vital Farms from $19.00 to $37.00 and gave the company a “hold” rating in a research report on Friday, May 10th. William Blair began coverage on Vital Farms in a research report on Wednesday, April 10th. They issued an “outperform” rating for the company. Lake Street Capital boosted their target price on Vital Farms from $26.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. DA Davidson increased their price target on Vital Farms from $28.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, Stifel Nicolaus upped their price objective on shares of Vital Farms from $40.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.80.

About Vital Farms

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.