Vital Farms (VITL) to Release Earnings on Thursday

Vital Farms (NASDAQ:VITL - Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Vital Farms to post earnings of $0.14 per share for the quarter. Vital Farms has set its FY 2024 guidance at EPS.Individual interested in participating in the company's earnings conference call can do so using this link.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.16. The firm had revenue of $147.39 million during the quarter, compared to analysts' expectations of $138.41 million. Vital Farms had a net margin of 8.70% and a return on equity of 22.77%. The company's revenue for the quarter was up 38.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 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 Stock Performance

Shares of Vital Farms stock traded down $1.70 during trading on Thursday, reaching $34.68. The company's stock had a trading volume of 1,015,189 shares, compared to its average volume of 750,585. The business's 50-day moving average price is $34.74 and its 200-day moving average price is $36.21. The firm has a market cap of $1.49 billion, a PE ratio of 32.72 and a beta of 0.97. Vital Farms has a 52 week low of $10.72 and a 52 week high of $48.41. The company has a quick ratio of 3.03, a current ratio of 3.50 and a debt-to-equity ratio of 0.04.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VITL. Stifel Nicolaus reduced their target price on shares of Vital Farms from $42.00 to $34.00 and set a "hold" rating for the company in a research report on Friday, August 9th. TD Cowen raised shares of Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 target price for the company in a research report on Friday, August 9th. Finally, DA Davidson boosted their target price on shares of Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Vital Farms has a consensus rating of "Moderate Buy" and an average target price of $35.20.

Insider Activity at Vital Farms

In related news, insider Matthew Ohayer sold 24,000 shares of the business'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 completion of the transaction, the insider now owns 7,194,777 shares of the company's stock, valued at $281,243,832.93. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Vital Farms news, CEO Russell Diez-Canseco sold 44,653 shares of the business's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the completion of the transaction, the chief executive officer now owns 537,349 shares of the company's stock, valued at approximately $21,531,574.43. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of the business'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 directly owns 7,194,777 shares of the company's stock, valued at approximately $281,243,832.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 27.60% of the stock is owned by 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.