Brokers Offer Predictions for Vital Farms FY2024 Earnings

Vital Farms, Inc. (NASDAQ:VITL) – Stock analysts at William Blair decreased their FY2024 earnings estimates for shares of Vital Farms in a research report issued to clients and investors on Thursday, November 7th. William Blair analyst J. Andersen now forecasts that the company will post earnings of $1.08 per share for the year, down from their prior 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.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The company 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 revenue for the quarter was up 31.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 earnings per share.

Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus dropped their price target on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Jefferies Financial Group reduced their price target on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Monday. DA Davidson lifted their price objective on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, TD Cowen reduced their target price on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating for the company in a report on Friday, November 8th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.20.

Vital Farms Price Performance

Shares of NASDAQ:VITL opened at $28.43 on Monday. The company has a quick ratio of 3.03, a current ratio of 3.50 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.23 billion, a PE ratio of 25.38 and a beta of 0.97. The firm’s 50 day moving average price is $34.93 and its 200-day moving average price is $36.75. Vital Farms has a twelve month low of $11.72 and a twelve month high of $48.41.

Insider Transactions at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $39.09, for a total transaction of $938,160.00. Following the completion of the sale, the insider now directly owns 7,194,777 shares of the company’s stock, valued at $281,243,832.93. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related 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 value of $1,789,245.71. Following the sale, the chief executive officer now directly owns 537,349 shares in the company, valued at approximately $21,531,574.43. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 27.60% of the company’s stock.

Institutional Trading of Vital Farms

Large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in shares of Vital Farms by 8.6% in the second quarter. Van ECK Associates Corp now owns 4,095 shares of the company’s stock valued at $192,000 after purchasing an additional 323 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Vital Farms by 4.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 7,857 shares of the company’s stock valued at $276,000 after purchasing an additional 329 shares during the last quarter. Lifestyle Asset Management Inc. grew its stake in shares of Vital Farms by 6.5% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 9,846 shares of the company’s stock worth $345,000 after buying an additional 598 shares in the last quarter. CWM LLC increased its holdings in shares of Vital Farms by 162.9% in the 2nd quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $49,000 after buying an additional 655 shares during the last quarter. Finally, nVerses Capital LLC raised its position in shares of Vital Farms by 66.7% during the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock valued at $94,000 after buying an additional 800 shares in the last quarter. Institutional investors own 98.59% of the company’s stock.

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.