Vital Farms (VITL) to Release Quarterly Earnings on Thursday

Vital Farms (NASDAQ:VITL) is scheduled to post 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.Parties interested in participating in the company’s conference call can do so using this link.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.20. Vital Farms had a net margin of 7.48% and a return on equity of 19.58%. The business had revenue of $147.93 million for the quarter, compared to analysts’ expectations of $139.87 million. 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 Up 5.4 %

Shares of NASDAQ VITL opened at $35.36 on Wednesday. The firm has a fifty day simple moving average of $41.54 and a two-hundred day simple moving average of $29.95. Vital Farms has a 12 month low of $10.30 and a 12 month high of $48.41. The company has a current ratio of 3.10, a quick ratio of 2.66 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.49 billion, a PE ratio of 41.60 and a beta of 0.98.

Insider Transactions at Vital Farms

In related news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $39.58, for a total transaction of $949,920.00. Following the sale, the insider now directly owns 7,266,777 shares of the company’s stock, valued at approximately $287,619,033.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $39.58, for a total value of $949,920.00. Following the completion of the transaction, the insider now directly owns 7,266,777 shares in the company, valued at approximately $287,619,033.66. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joanne Bal sold 9,800 shares of the stock in a transaction on Monday, May 13th. The shares were 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 disclosure for this sale can be found here. Insiders sold a total of 193,321 shares of company stock valued at $7,983,343 in the last quarter. 30.20% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.