Vital Farms (VITL) to Release Quarterly Earnings on Thursday

Vital Farms (NASDAQ:VITL - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect Vital Farms to post earnings of $0.16 per share and revenue of $160.32 million for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Vital Farms Stock Performance

Shares of VITL stock traded down $2.57 during trading hours on Monday, reaching $32.33. 1,894,041 shares of the company's stock were exchanged, compared to its average volume of 1,118,243. Vital Farms has a fifty-two week low of $16.52 and a fifty-two week high of $48.41. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.42 billion, a P/E ratio of 28.87 and a beta of 0.90. The business has a fifty day moving average price of $39.18 and a 200-day moving average price of $35.67.

Insider Buying and Selling

In related news, insider Joanne Bal sold 28,246 shares of Vital Farms stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $45.10, for a total transaction of $1,273,894.60. Following the completion of the transaction, the insider now directly owns 59,371 shares of the company's stock, valued at $2,677,632.10. This trade represents a 32.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Russell Diez-Canseco sold 44,728 shares of the company's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $37.66, for a total transaction of $1,684,456.48. Following the sale, the chief executive officer now directly owns 613,797 shares in the company, valued at $23,115,595.02. This represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 190,202 shares of company stock worth $7,855,957 in the last 90 days. 27.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VITL shares. Stifel Nicolaus upped their target price on shares of Vital Farms from $34.00 to $44.00 and gave the company a "hold" rating in a research note on Friday, January 24th. Craig Hallum initiated coverage on Vital Farms in a research report on Friday, December 20th. They set a "buy" rating and a $50.00 target price on the stock. Jefferies Financial Group cut their price target on Vital Farms from $45.00 to $41.00 and set a "buy" rating for the company in a report on Monday, November 11th. TD Cowen raised their price objective on Vital Farms from $41.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $52.00 price objective on shares of Vital Farms in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Vital Farms presently has a consensus rating of "Moderate Buy" and a consensus price target of $44.57.

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.