Brokers Set Expectations for Vital Farms, Inc.’s Q1 2024 Earnings (NASDAQ:VITL)

Vital Farms, Inc. (NASDAQ:VITL) – Equities research analysts at William Blair issued their Q1 2024 earnings per share (EPS) estimates for Vital Farms in a note issued to investors on Wednesday, April 10th. William Blair analyst J. Andersen anticipates that the company will post earnings of $0.18 per share for the quarter. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Vital Farms’ current full-year earnings is $0.77 per share. William Blair also issued estimates for Vital Farms’ Q2 2024 earnings at $0.19 EPS, Q3 2024 earnings at $0.14 EPS, Q4 2024 earnings at $0.17 EPS, FY2024 earnings at $0.68 EPS and FY2025 earnings at $0.87 EPS.

Vital Farms (NASDAQ:VITL) last issued its earnings results on Thursday, March 7th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $135.81 million for the quarter, compared to analysts’ expectations of $131.10 million. Vital Farms had a return on equity of 14.22% and a net margin of 5.42%. During the same period in the previous year, the firm posted $0.04 EPS.

Several other equities research analysts also recently issued reports on VITL. Lake Street Capital lifted their price target on shares of Vital Farms from $26.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday. TheStreet upgraded shares of Vital Farms from a “c” rating to a “b-” rating in a research report on Monday, March 18th. Finally, Stifel Nicolaus lifted their price objective on shares of Vital Farms from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $20.20.

Vital Farms Stock Performance

NASDAQ VITL traded up $0.37 during trading hours on Friday, hitting $26.62. 496,581 shares of the stock were exchanged, compared to its average volume of 405,164. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 46.55 and a beta of 0.89. Vital Farms has a 12-month low of $10.00 and a 12-month high of $27.37. The stock has a 50-day moving average of $21.51 and a 200 day moving average of $16.39. The company has a quick ratio of 2.49, a current ratio of 3.00 and a debt-to-equity ratio of 0.05.

Hedge Funds Weigh In On Vital Farms

A number of large investors have recently made changes to their positions in the company. Acadian Asset Management LLC increased its stake in shares of Vital Farms by 221.0% in the 3rd quarter. Acadian Asset Management LLC now owns 176,608 shares of the company’s stock valued at $2,043,000 after purchasing an additional 121,596 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Vital Farms by 52.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,196 shares of the company’s stock valued at $95,000 after acquiring an additional 2,833 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Vital Farms by 79.3% during the 3rd quarter. Schroder Investment Management Group now owns 524,598 shares of the company’s stock valued at $6,075,000 after acquiring an additional 231,985 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Vital Farms during the 3rd quarter valued at $821,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of Vital Farms by 15.2% during the 3rd quarter. Hsbc Holdings PLC now owns 15,905 shares of the company’s stock valued at $184,000 after acquiring an additional 2,094 shares in the last quarter. Institutional investors own 98.59% of the company’s stock.

Insiders Place Their Bets

In other news, insider Matthew Ohayer sold 20,000 shares of the firm’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $25.12, for a total transaction of $502,400.00. Following the completion of the sale, the insider now directly owns 7,442,777 shares of the company’s stock, valued at approximately $186,962,558.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Karl Khoury sold 4,000 shares of Vital Farms stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $21.27, for a total value of $85,080.00. Following the completion of the sale, the director now directly owns 155,069 shares of the company’s stock, valued at approximately $3,298,317.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew Ohayer sold 20,000 shares of Vital Farms stock in a transaction on Friday, April 19th. The stock was sold at an average price of $25.12, for a total value of $502,400.00. Following the sale, the insider now directly owns 7,442,777 shares of the company’s stock, valued at $186,962,558.24. The disclosure for this sale can be found here. Insiders sold a total of 280,125 shares of company stock worth $6,083,396 in the last 90 days. 30.20% of the stock is owned by company insiders.

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.