Vital Farms (VITL) Expected to Announce Quarterly Earnings on Thursday

Vital Farms (NASDAQ:VITL) is expected to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.16 per share and revenue of $160.32 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Vital Farms Price Performance

NASDAQ VITL opened at $32.33 on Tuesday. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. Vital Farms has a 12-month low of $16.52 and a 12-month high of $48.41. The company has a market capitalization of $1.42 billion, a PE ratio of 28.87 and a beta of 0.90. The firm’s 50 day moving average is $39.18 and its 200-day moving average is $35.67.

Insider Buying and Selling at Vital Farms

In other news, insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $38.19, for a total value of $916,560.00. Following the sale, the insider now directly owns 7,038,890 shares of the company’s stock, valued at approximately $268,815,209.10. This represents a 0.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Russell Diez-Canseco sold 44,728 shares of the firm’s stock in a transaction that occurred 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. Insiders have sold 190,202 shares of company stock worth $7,855,957 over the last quarter. Corporate insiders own 27.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on VITL shares. Jefferies Financial Group lowered their target price on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, November 11th. TD Cowen upped their price objective 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. Craig Hallum assumed coverage on shares of Vital Farms in a report on Friday, December 20th. They issued a “buy” rating and a $50.00 price objective on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $52.00 price objective on shares of Vital Farms in a report on Tuesday, February 18th. Finally, Stifel Nicolaus upped their price objective on shares of Vital Farms from $34.00 to $44.00 and gave the company a “hold” rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.57.

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.