FY2024 EPS Estimates for Vital Farms Cut by William Blair

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 expects that the company will post earnings per share of $1.08 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.

VITL has been the subject of several other reports. DA Davidson raised their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Stifel Nicolaus decreased their price objective on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a report on Friday, August 9th. Jefferies Financial Group decreased their price objective on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a report on Monday. Finally, TD Cowen decreased their price objective on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating for the company in a report on Friday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Vital Farms currently has a consensus rating of “Moderate Buy” and an average target price of $39.20.

Vital Farms Price Performance

Shares of VITL stock opened at $29.28 on Monday. The firm has a market cap of $1.26 billion, a P/E ratio of 26.14 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.50 and a quick ratio of 3.03. Vital Farms has a 1-year low of $11.72 and a 1-year high of $48.41. The firm has a fifty day moving average of $34.96 and a two-hundred day moving average of $36.74.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $145.00 million during the quarter, compared to analyst estimates of $145.27 million. Vital Farms had a net margin of 8.68% and a return on equity of 23.29%. The business’s revenue was up 31.3% on a year-over-year basis. During the same period last year, the business earned $0.10 EPS.

Institutional Trading of Vital Farms

Several hedge funds have recently bought and sold shares of VITL. Quantbot Technologies LP bought a new stake in Vital Farms in the 1st quarter valued at about $660,000. Inspire Investing LLC bought a new stake in Vital Farms in the 1st quarter valued at about $1,003,000. Russell Investments Group Ltd. lifted its position in Vital Farms by 2,006.1% in the 1st quarter. Russell Investments Group Ltd. now owns 148,541 shares of the company’s stock valued at $3,454,000 after purchasing an additional 141,488 shares during the last quarter. Global Alpha Capital Management Ltd. bought a new stake in shares of Vital Farms during the 1st quarter worth about $2,588,000. Finally, William Blair Investment Management LLC raised its position in shares of Vital Farms by 9.2% during the 1st quarter. William Blair Investment Management LLC now owns 2,650,008 shares of the company’s stock worth $61,613,000 after buying an additional 224,335 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors.

Insider Transactions at Vital Farms

In other news, insider Matthew Ohayer sold 24,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $281,243,832.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Matthew Ohayer sold 24,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $281,243,832.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Russell Diez-Canseco sold 44,653 shares of Vital Farms stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the completion of the sale, the chief executive officer now owns 537,349 shares in the company, valued at approximately $21,531,574.43. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 27.60% 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.