Telsey Advisory Group Estimates Vital Farms FY2024 Earnings

Vital Farms, Inc. (NASDAQ:VITLFree Report) – Investment analysts at Telsey Advisory Group issued their FY2024 earnings estimates for shares of Vital Farms in a research note issued to investors on Monday, January 27th. Telsey Advisory Group analyst S. Vora anticipates 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.

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

A number of other equities analysts have also weighed in on the stock. Craig Hallum initiated coverage on shares of Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 target price for the company. TD Cowen increased their price objective on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Stifel Nicolaus boosted their target price on Vital Farms from $34.00 to $44.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Jefferies Financial Group decreased 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 note on Monday, November 11th. Finally, DA Davidson boosted their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vital Farms has an average rating of “Moderate Buy” and an average target price of $44.57.

Read Our Latest Stock Analysis on VITL

Vital Farms Stock Performance

Shares of VITL opened at $44.93 on Wednesday. The firm’s 50 day moving average price is $38.70 and its two-hundred day moving average price is $35.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. Vital Farms has a twelve month low of $14.37 and a twelve month high of $48.41. The firm has a market cap of $1.97 billion, a P/E ratio of 40.12 and a beta of 0.88.

Insider Buying and Selling

In other news, insider Joanne Bal sold 28,246 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now owns 59,371 shares of the company’s stock, valued at approximately $2,677,632.10. This represents a 32.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Russell Diez-Canseco sold 44,728 shares of Vital Farms stock in a transaction on 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 of the company’s stock, valued at $23,115,595.02. This represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 190,202 shares of company stock valued at $7,855,957. 27.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Principal Securities Inc. boosted its stake in shares of Vital Farms by 29.4% in the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company’s stock valued at $63,000 after buying an additional 380 shares during the period. Vontobel Holding Ltd. acquired a new position in Vital Farms in the 4th quarter valued at $298,000. Van ECK Associates Corp lifted its position in shares of Vital Farms by 112.8% during the 4th quarter. Van ECK Associates Corp now owns 5,579 shares of the company’s stock valued at $210,000 after acquiring an additional 2,957 shares during the period. Values First Advisors Inc. acquired a new stake in shares of Vital Farms during the 4th quarter worth $199,000. Finally, Spire Wealth Management increased its position in shares of Vital Farms by 66.2% in the fourth quarter. Spire Wealth Management now owns 11,800 shares of the company’s stock worth $445,000 after purchasing an additional 4,700 shares during the period. 98.59% of the stock is owned by institutional investors.

Vital Farms Company Profile

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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.

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