Telsey Advisory Group Forecasts Vital Farms FY2024 Earnings

Vital Farms, Inc. (NASDAQ:VITL) – Stock analysts at Telsey Advisory Group issued their FY2024 EPS estimates for shares of Vital Farms in a report issued on Monday, January 27th. Telsey Advisory Group analyst S. Vora forecasts that the company will earn $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.

VITL has been the topic of a number of other research reports. TD Cowen raised their price target on shares of Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Stifel Nicolaus raised their target price on Vital Farms from $34.00 to $44.00 and gave the company a “hold” rating in a report on Friday, January 24th. DA Davidson upped their price target on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Craig Hallum assumed coverage on Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 price objective on the stock. Finally, Jefferies Financial Group reduced their target price on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.57.

Vital Farms Stock Performance

Shares of NASDAQ VITL opened at $44.04 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. Vital Farms has a one year low of $14.37 and a one year high of $48.41. The business’s 50-day moving average price is $38.43 and its two-hundred day moving average price is $35.77. The company has a market capitalization of $1.93 billion, a P/E ratio of 39.32 and a beta of 0.88.

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

Institutional Trading of Vital Farms

A number of hedge funds have recently modified their holdings of the company. Sei Investments Co. raised its stake in shares of Vital Farms by 242.4% in the second quarter. Sei Investments Co. now owns 88,037 shares of the company’s stock valued at $4,117,000 after purchasing an additional 62,325 shares in the last quarter. AQR Capital Management LLC increased its holdings in Vital Farms by 317.9% in the 2nd 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 raised its stake in shares of Vital Farms by 651.3% in the 2nd quarter. Millennium Management LLC now owns 494,153 shares of the company’s stock valued at $23,112,000 after buying an additional 428,382 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Vital Farms during the 2nd quarter worth about $362,000. Finally, Quarry LP boosted its position in shares of Vital Farms by 180.4% during the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock valued at $60,000 after acquiring an additional 830 shares in the last quarter. Institutional investors own 98.59% of the company’s stock.

Insiders Place Their Bets

In related news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $38.19, for a total value of $916,560.00. Following the completion of the sale, the insider now owns 7,038,890 shares in the company, valued at approximately $268,815,209.10. This trade represents a 0.34 % 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, 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 value of $1,684,456.48. Following the sale, the chief executive officer now directly owns 613,797 shares in the company, valued at approximately $23,115,595.02. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 190,202 shares of company stock valued at $7,855,957 in the last three months. Company insiders own 27.60% 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.