Vital Farms (VITL) to Release Quarterly Earnings on Thursday

Vital Farms (NASDAQ:VITL) will be announcing its earnings results 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.Investors interested in registering for the company’s conference call can do so using this link.

Vital Farms (NASDAQ:VITL) last released its earnings results on Thursday, March 7th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $135.81 million during the quarter, compared to analysts’ expectations of $131.10 million. Vital Farms had a net margin of 5.42% and a return on equity of 14.22%. During the same quarter in the previous year, the company earned $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 Trading Up 2.1 %

VITL stock opened at $27.33 on Thursday. Vital Farms has a 12-month low of $10.00 and a 12-month high of $27.73. The business’s 50-day moving average is $22.62 and its 200 day moving average is $16.94. The company has a current ratio of 3.00, a quick ratio of 2.49 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 47.12 and a beta of 0.88.

Insider Transactions at Vital Farms

In related news, CEO Russell Diez-Canseco sold 36,948 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $25.07, for a total value of $926,286.36. Following the completion of the sale, the chief executive officer now owns 368,753 shares of the company’s stock, valued at $9,244,637.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Vital Farms news, COO Jason Dale sold 14,006 shares of Vital Farms stock in a transaction 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 sale, the chief operating officer now owns 48,455 shares in the company, valued at $776,733.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Russell Diez-Canseco sold 36,948 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $25.07, for a total value of $926,286.36. Following the transaction, the chief executive officer now owns 368,753 shares of the company’s stock, valued at $9,244,637.71. The disclosure for this sale can be found here. Insiders have sold a total of 260,125 shares of company stock worth $5,580,996 in the last quarter. Company insiders own 30.20% of the company’s stock.

Analysts Set New Price Targets

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

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.