Vital Farms (VITL) to Release Earnings on Thursday

Vital Farms (NASDAQ:VITL) will be releasing its earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Vital Farms has set its FY 2024 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. Vital Farms had a net margin of 5.42% and a return on equity of 14.22%. The business had revenue of $135.81 million for the quarter, compared to analyst estimates of $131.10 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. 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 Price Performance

VITL stock opened at $29.08 on Tuesday. Vital Farms has a 52-week low of $10.00 and a 52-week high of $29.14. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 50.14 and a beta of 0.79. The firm has a 50 day moving average price of $23.27 and a 200-day moving average price of $17.30. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.49 and a current ratio of 3.00.

Wall Street Analysts Forecast Growth

VITL has been the topic of several recent analyst reports. Stifel Nicolaus increased their target price on Vital Farms from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Lake Street Capital raised their price target on shares of Vital Farms from $26.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. William Blair initiated coverage on shares of Vital Farms in a report on Wednesday, April 10th. They set an “outperform” rating for the company. Finally, TheStreet upgraded shares of Vital Farms from a “c” rating to a “b-” rating in a report on Monday, March 18th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Insider Activity

In other Vital Farms news, Director Karl Khoury sold 4,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $21.27, for a total transaction of $85,080.00. Following the sale, the director now directly owns 155,069 shares of the company’s stock, valued at $3,298,317.63. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Chairman Matthew Ohayer sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $21.38, for a total transaction of $2,138,000.00. Following the transaction, the chairman now owns 7,582,777 shares of the company’s stock, valued at $162,119,772.26. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Karl Khoury sold 4,000 shares of Vital Farms stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $21.27, for a total transaction of $85,080.00. Following the sale, the director now directly owns 155,069 shares of the company’s stock, valued at approximately $3,298,317.63. The disclosure for this sale can be found here. Insiders have sold a total of 260,125 shares of company stock valued at $5,580,996 in the last ninety days. Corporate insiders own 30.20% 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.