Vital Farms (VITL) Scheduled to Post Quarterly Earnings on Thursday

Vital Farms (NASDAQ:VITL) will be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Vital Farms to post earnings of $0.14 per share for the quarter. Vital Farms has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.20 by $0.16. Vital Farms had a return on equity of 22.77% and a net margin of 8.70%. The business had revenue of $147.39 million for the quarter, compared to the consensus estimate of $138.41 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. Vital Farms’s revenue for the quarter was up 38.5% on a year-over-year basis. 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

NASDAQ:VITL opened at $35.46 on Wednesday. The company has a market capitalization of $1.53 billion, a P/E ratio of 33.45 and a beta of 0.97. The business has a fifty day simple moving average of $34.83 and a two-hundred day simple moving average of $36.50. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.50 and a quick ratio of 3.03. Vital Farms has a 1 year low of $11.55 and a 1 year high of $48.41.

Insider Buying and Selling

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $39.09, for a total transaction of $938,160.00. Following the completion of the transaction, the insider now owns 7,194,777 shares of the company’s stock, valued at $281,243,832.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Russell Diez-Canseco sold 44,653 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $40.07, for a total value of $1,789,245.71. Following the sale, the chief executive officer now owns 537,349 shares in the company, valued at approximately $21,531,574.43. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction on Monday, October 21st. The shares were sold at an average price of $39.09, for a total value of $938,160.00. Following the sale, the insider now directly owns 7,194,777 shares of the company’s stock, valued at $281,243,832.93. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 27.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VITL. TD Cowen raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Friday, August 9th. Stifel Nicolaus reduced their target price on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Finally, DA Davidson upped their price target on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.50.

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.