Vital Farms (VITL) Projected to Post Quarterly Earnings on Thursday

Vital Farms (NASDAQ:VITL) is anticipated to post its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect Vital Farms to post earnings of $0.16 per share and revenue of $160.32 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Vital Farms Price Performance

Shares of VITL stock opened at $32.06 on Wednesday. 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 firm has a fifty day moving average of $39.05 and a 200-day moving average of $35.68. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 28.63 and a beta of 0.90.

Insider Activity

In other news, CEO Russell Diez-Canseco sold 44,728 shares of the firm’s 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 completion of the transaction, the chief executive officer now owns 613,797 shares in the company, valued at $23,115,595.02. This trade represents a 6.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Kathryn Mckeon sold 12,300 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $42.08, for a total value of $517,584.00. Following the completion of the transaction, the chief marketing officer now owns 46,203 shares of the company’s stock, valued at $1,944,222.24. The trade was a 21.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 190,202 shares of company stock worth $7,855,957 in the last quarter. Corporate insiders own 27.60% of the company’s stock.

Analyst Ratings Changes

VITL has been the subject of several recent analyst reports. Jefferies Financial Group lowered their price target on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a report on Monday, November 11th. Telsey Advisory Group restated an “outperform” rating and set a $52.00 target price on shares of Vital Farms in a report on Tuesday, February 18th. Craig Hallum began coverage on shares of Vital Farms in a research report on Friday, December 20th. They set a “buy” rating and a $50.00 price objective for the company. Stifel Nicolaus raised their price objective on shares of Vital Farms from $34.00 to $44.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Finally, TD Cowen upped their target price on shares of Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.