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

Vital Farms (NASDAQ:VITL) is expected to be announcing its earnings results 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 that are interested in registering for the company’s earnings conference call can do so using this link.

Vital Farms Trading Down 7.4 %

Shares of NASDAQ:VITL opened at $32.33 on Tuesday. The company has a 50 day moving average of $39.18 and a 200-day moving average of $35.67. The firm has a market cap of $1.42 billion, a P/E ratio of 28.87 and a beta of 0.90. Vital Farms has a twelve month low of $16.52 and a twelve month high of $48.41. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04.

Insider Buying and Selling at Vital Farms

In other news, CEO Russell Diez-Canseco sold 44,728 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $37.66, for a total value of $1,684,456.48. Following the transaction, the chief executive officer now owns 613,797 shares of the company’s stock, valued at approximately $23,115,595.02. This trade represents a 6.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $517,584.00. Following the completion of the transaction, the chief marketing officer now directly owns 46,203 shares in the company, valued at $1,944,222.24. This trade represents a 21.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 190,202 shares of company stock worth $7,855,957. 27.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VITL. Jefferies Financial Group reduced 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. TD Cowen upped their price target 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. Telsey Advisory Group reissued an “outperform” rating and set a $52.00 target price on shares of Vital Farms in a research note on Tuesday, February 18th. Craig Hallum initiated coverage on shares of Vital Farms in a research note on Friday, December 20th. They set a “buy” rating and a $50.00 target price for the company. Finally, Stifel Nicolaus boosted their price target 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 investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company 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.