Telsey Advisory Group Estimates Vital Farms FY2024 Earnings

Vital Farms, Inc. (NASDAQ:VITL) – Equities research analysts at Telsey Advisory Group issued their FY2024 earnings per share estimates for Vital Farms in a research report issued to clients and investors on Monday, January 27th. Telsey Advisory Group analyst S. Vora expects that the company will post earnings of $1.12 per share for the year. Telsey Advisory Group currently has a “Outperform” rating and a $52.00 price target on the stock. The consensus estimate for Vital Farms’ current full-year earnings is $1.11 per share. Telsey Advisory Group also issued estimates for Vital Farms’ Q4 2024 earnings at $0.17 EPS, Q1 2025 earnings at $0.37 EPS, Q2 2025 earnings at $0.30 EPS, Q3 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.29 EPS, FY2025 earnings at $1.21 EPS, FY2026 earnings at $1.49 EPS and FY2027 earnings at $1.88 EPS.

A number of other equities research analysts also recently weighed in on the company. TD Cowen boosted their target price on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Stifel Nicolaus lifted their price objective on Vital Farms from $34.00 to $44.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Craig Hallum started coverage on shares of 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 lowered their price target on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Finally, DA Davidson increased their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Vital Farms presently has an average rating of “Moderate Buy” and an average target price of $44.57.

Vital Farms Stock Up 2.7 %

NASDAQ:VITL opened at $44.04 on Wednesday. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 39.32 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. The stock’s fifty day moving average price is $38.43 and its two-hundred day moving average price is $35.77. Vital Farms has a 52-week low of $14.37 and a 52-week high of $48.41.

Vital Farms (NASDAQ:VITL) last announced its earnings results on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The company had revenue of $145.00 million for the quarter, compared to analyst estimates of $145.27 million. During the same period in the prior year, the business earned $0.10 earnings per share. Vital Farms’s quarterly revenue was up 31.3% on a year-over-year basis.

Insider Activity at Vital Farms

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,728 shares of Vital Farms 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 transaction, the chief executive officer now directly owns 613,797 shares in the company, valued at approximately $23,115,595.02. The trade was a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joanne Bal sold 28,246 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $45.10, for a total value of $1,273,894.60. Following the completion of the sale, the insider now owns 59,371 shares of the company’s stock, valued at $2,677,632.10. This trade represents a 32.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 190,202 shares of company stock worth $7,855,957 in the last ninety days. Company insiders own 27.60% of the company’s stock.

Hedge Funds Weigh In On Vital Farms

Several institutional investors have recently modified their holdings of the business. Sei Investments Co. increased its stake in Vital Farms by 242.4% during the 2nd quarter. Sei Investments Co. now owns 88,037 shares of the company’s stock worth $4,117,000 after purchasing an additional 62,325 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Vital Farms by 317.9% in the second quarter. AQR Capital Management LLC now owns 74,161 shares of the company’s stock valued at $3,469,000 after buying an additional 56,414 shares during the period. Millennium Management LLC increased its position in shares of 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 acquiring an additional 428,382 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Vital Farms during the second quarter worth $362,000. Finally, Quarry LP raised its holdings in shares of Vital Farms by 180.4% during the second quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after acquiring an additional 830 shares during the period. Institutional investors own 98.59% of the company’s stock.

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.