Vital Farms (NASDAQ:VITL) Posts Earnings Results, Beats Estimates By $0.11 EPS

Vital Farms (NASDAQ:VITL - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.11, Zacks reports. The company had revenue of $162.19 million during the quarter, compared to the consensus estimate of $164.43 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The firm's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. Vital Farms updated its FY 2025 guidance to EPS.

Vital Farms Price Performance

Shares of NASDAQ VITL traded up $1.25 during trading on Friday, reaching $33.82. The company had a trading volume of 973,778 shares, compared to its average volume of 1,035,005. Vital Farms has a 52 week low of $27.91 and a 52 week high of $48.41. The business's 50 day moving average price is $32.50 and its 200-day moving average price is $35.07. The stock has a market cap of $1.51 billion, a PE ratio of 30.20 and a beta of 0.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24.

Analysts Set New Price Targets

Several research firms have recently weighed in on VITL. BMO Capital Markets upgraded Vital Farms to a "strong-buy" rating in a research note on Tuesday. Morgan Stanley cut their price objective on Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. DA Davidson lowered their target price on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Stifel Nicolaus raised shares of Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price target for the company in a report on Friday, February 28th. Finally, William Blair restated an "outperform" rating on shares of Vital Farms in a research report on Friday, February 28th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Vital Farms presently has a consensus rating of "Buy" and an average target price of $44.63.

Insider Activity

In other news, insider Matthew Ohayer sold 20,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $29.46, for a total value of $589,200.00. Following the transaction, the insider now owns 6,970,890 shares of the company's stock, valued at approximately $205,362,419.40. This trade represents a 0.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Russell Diez-Canseco sold 45,124 shares of Vital Farms stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $33.69, for a total transaction of $1,520,227.56. Following the sale, the chief executive officer now owns 703,736 shares of the company's stock, valued at approximately $23,708,865.84. This represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,124 shares of company stock valued at $3,019,308 over the last three months. 27.60% of the stock is owned by 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.

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