Vital Farms (VITL) Set to Announce Quarterly Earnings on Thursday

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

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. Vital Farms had a return on equity of 14.22% and a net margin of 5.42%. The business had revenue of $135.81 million for the quarter, compared to analysts’ expectations of $131.10 million. During the same quarter in the prior year, the firm posted $0.04 EPS. 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 Trading Up 0.4 %

Shares of VITL opened at $29.21 on Wednesday. The business’s 50-day moving average price is $23.50 and its 200-day moving average price is $17.42. The company has a quick ratio of 2.49, a current ratio of 3.00 and a debt-to-equity ratio of 0.05. Vital Farms has a twelve month low of $10.00 and a twelve month high of $29.73. The stock has a market cap of $1.23 billion, a PE ratio of 50.79 and a beta of 0.79.

Insiders Place Their Bets

In other Vital Farms news, COO Jason Dale sold 14,006 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $16.03, for a total value of $224,516.18. Following the completion of the sale, the chief operating officer now owns 48,455 shares of the company’s stock, valued at $776,733.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Russell Diez-Canseco sold 27,528 shares of Vital Farms stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $15.49, for a total value of $426,408.72. Following the transaction, the chief executive officer now owns 223,568 shares in the company, valued at $3,463,068.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Jason Dale sold 14,006 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $16.03, for a total value of $224,516.18. Following the completion of the sale, the chief operating officer now directly owns 48,455 shares of the company’s stock, valued at approximately $776,733.65. The disclosure for this sale can be found here. Insiders sold a total of 260,125 shares of company stock valued at $5,580,996 over the last 90 days. Insiders own 30.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on VITL. Lake Street Capital increased their target price on shares of Vital Farms from $26.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. William Blair began coverage on Vital Farms in a research report on Wednesday, April 10th. They issued an “outperform” rating on the stock. Stifel Nicolaus boosted their target price on Vital Farms from $22.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, TheStreet raised Vital Farms from a “c” rating to a “b-” rating in a report on Monday, March 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Vital Farms currently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

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.