Vital Farms FY2024 EPS Forecast Lowered by William Blair

Vital Farms, Inc. (NASDAQ:VITL - Free Report) - Analysts at William Blair lowered their FY2024 earnings per share (EPS) estimates for Vital Farms in a note issued to investors on Thursday, November 7th. William Blair analyst J. Andersen now expects that the company will earn $1.08 per share for the year, down from their previous estimate of $1.09. The consensus estimate for Vital Farms' current full-year earnings is $1.10 per share. William Blair also issued estimates for Vital Farms' Q4 2024 earnings at $0.12 EPS and FY2025 earnings at $1.22 EPS.

Other research analysts have also issued reports about the company. Stifel Nicolaus dropped their price objective on Vital Farms from $42.00 to $34.00 and set a "hold" rating for the company in a research note on Friday, August 9th. Jefferies Financial Group dropped their price objective on Vital Farms from $45.00 to $41.00 and set a "buy" rating for the company in a research note on Monday. DA Davidson increased their price objective on Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Finally, TD Cowen dropped their price objective on Vital Farms from $46.00 to $41.00 and set a "buy" rating for the company in a research note on Friday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Vital Farms currently has a consensus rating of "Moderate Buy" and an average price target of $39.20.

Vital Farms Stock Performance

VITL stock traded down $1.63 during midday trading on Monday, hitting $29.28. The stock had a trading volume of 2,387,779 shares, compared to its average volume of 783,857. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 26.14 and a beta of 0.97. Vital Farms has a 52 week low of $11.72 and a 52 week high of $48.41. The stock has a 50-day simple moving average of $34.96 and a 200 day simple moving average of $36.74. The company has a current ratio of 3.50, a quick ratio of 3.03 and a debt-to-equity ratio of 0.04.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $145.00 million during the quarter, compared to analysts' expectations of $145.27 million. Vital Farms had a return on equity of 23.29% and a net margin of 8.68%. Vital Farms's quarterly revenue was up 31.3% compared to the same quarter last year. During the same period last year, the business earned $0.10 earnings per share.

Hedge Funds Weigh In On Vital Farms

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VITL. Lord Abbett & CO. LLC boosted its holdings in Vital Farms by 116.1% during the first quarter. Lord Abbett & CO. LLC now owns 862,644 shares of the company's stock worth $20,056,000 after buying an additional 463,471 shares during the last quarter. Millennium Management LLC boosted its holdings in Vital Farms by 651.3% during the second quarter. Millennium Management LLC now owns 494,153 shares of the company's stock worth $23,112,000 after buying an additional 428,382 shares during the last quarter. Emerald Advisers LLC boosted its holdings in Vital Farms by 106.8% during the third quarter. Emerald Advisers LLC now owns 706,440 shares of the company's stock worth $24,775,000 after buying an additional 364,837 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Vital Farms by 73.0% during the second quarter. Renaissance Technologies LLC now owns 784,153 shares of the company's stock worth $36,675,000 after buying an additional 331,000 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Vital Farms by 73.6% during the 2nd quarter. Acadian Asset Management LLC now owns 679,504 shares of the company's stock valued at $31,766,000 after purchasing an additional 288,039 shares in the last quarter. Institutional investors own 98.59% of the company's stock.

Insider Activity

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

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.