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Vital Farms (VITL) Flat As Market Sinks: What You Should Know
ZACKS· 2024-09-25 23:20
In the latest trading session, Vital Farms (VITL) closed at $35.73, marking no change from the previous day. This move was narrower than the S&P 500's daily loss of 0.19%. Elsewhere, the Dow saw a downswing of 0.7%, while the tech-heavy Nasdaq appreciated by 0.04%. Shares of the company have appreciated by 10.31% over the course of the past month, outperforming the Consumer Staples sector's gain of 2.38% and the S&P 500's gain of 1.95%. Market participants will be closely following the financial results of ...
Vital Farms (VITL) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2024-09-18 23:06
Group 1 - Vital Farms (VITL) shares closed at $31.98, reflecting a -1.39% change from the previous day's closing price, underperforming the S&P 500's daily loss of 0.29% [1] - Over the last month, Vital Farms' shares increased by 4.75%, outperforming the Consumer Staples sector's gain of 3.54% and the S&P 500's gain of 1.57% [1] Group 2 - The upcoming earnings release is anticipated, with an expected EPS of $0.14, representing a 40% increase from the same quarter last year, and projected revenue of $142 million, up 28.59% year-over-year [2] - For the full year, analysts expect earnings of $1.11 per share and revenue of $595.7 million, indicating increases of +88.14% and +26.25% respectively from the previous year [3] Group 3 - Recent changes in analyst estimates for Vital Farms suggest a positive outlook on the company's business operations and profit generation capabilities [4] - The Zacks Rank system, which includes estimate changes, indicates a current Zacks Rank of 3 (Hold) for Vital Farms, with the EPS estimate remaining unchanged over the last 30 days [6] Group 4 - Vital Farms is trading at a Forward P/E ratio of 29.35, which is higher than the industry average Forward P/E of 18.42 [7] - The Food - Miscellaneous industry, part of the Consumer Staples sector, holds a Zacks Industry Rank of 90, placing it in the top 36% of over 250 industries [7][8]
Vital Farms (VITL) Outperforms Broader Market: What You Need to Know
ZACKS· 2024-09-16 23:21
Core Viewpoint - Vital Farms is expected to report strong financial results, with significant year-over-year growth in both earnings and revenue, indicating positive business momentum [2][3]. Financial Performance - In the latest trading session, Vital Farms (VITL) closed at $31.42, reflecting a +0.22% change from the previous day, outperforming the S&P 500's gain of 0.13% [1]. - The company is forecasted to report an EPS of $0.14, representing a 40% increase from the same quarter last year, and projected net sales of $142 million, up 28.59% year-over-year [2]. - Full-year estimates indicate earnings of $1.11 per share and revenue of $595.7 million, showing year-over-year changes of +88.14% and +26.25%, respectively [3]. Analyst Sentiment - Recent shifts in analyst projections for Vital Farms are important, as positive estimate revisions reflect optimism about the company's business and profitability [4]. - The Zacks Rank system, which assesses estimate changes, currently ranks Vital Farms at 3 (Hold), indicating no change in the consensus EPS estimate over the past month [6]. Valuation Metrics - Vital Farms is trading at a Forward P/E ratio of 28.37, which is a premium compared to its industry's Forward P/E of 18.28 [7]. - The Food - Miscellaneous industry, part of the Consumer Staples sector, holds a Zacks Industry Rank of 92, placing it in the top 37% of over 250 industries [7].
Wall Street Analysts Think Vital Farms (VITL) Is a Good Investment: Is It?
ZACKS· 2024-09-12 14:31
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Vital Farms (VITL) . Vital Farms currently has an average brokerage recomm ...
Vital Farms: Peak Margin Confirmed, Expect Valuation To Normalize
Seeking Alpha· 2024-09-09 18:59
and and and on the production of the support of the I 1 David Malan Vital Farms, Inc. (NASDAQ:VITL) just posted a stellar Q2 result, with $147.39 million of revenue (yoy growth of 38.46%) and a 39.13% gross margin. However, both gross and operating margins have likely reached their peaks, and sales growth may not be as exciting in the following quarters. All of these would translate into compression in the company's forward P/E valuation, reflected in the recent pullback in stock price. Given the fading nea ...
Vital Farms Hires Reena Van Hoven as Chief People Officer
GlobeNewswire News Room· 2024-08-26 12:00
AUSTIN, Texas, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Vital Farms (Nasdaq: VITL), a Certified B Corporation that offers a range of ethically produced foods nationwide, has hired Reena Van Hoven as Chief People Officer (CPO), starting September 16, 2024. Van Hoven joins Vital Farms from food and beverage industry leader Danone North America. In the newly created CPO role, Van Hoven will lead Vital Farms' People Team overseeing Business Partnerships, Org & People Development, and Total Rewards. "We are thrilled to ...
Vital Farms (VITL) Loses -28.17% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZACKS· 2024-08-14 14:36
A downtrend has been apparent in Vital Farms (VITL) lately with too much selling pressure. The stock has declined 28.2% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for ...
Bull Of The Day: Vital Farms (VITL)
ZACKS· 2024-08-14 12:11
Core Viewpoint - Vital Farms (VITL) reported strong earnings, beating the Zacks Consensus Estimate, but the stock dropped 12% post-report, marking a potential buying opportunity [1][8]. Company Overview - Vital Farms Inc. is based in Austin, Texas, and offers a variety of pasture-raised food products, including shell eggs, butter, hardboiled eggs, ghee, and liquid whole eggs [2]. Earnings History - The company has consistently topped the Zacks Consensus in the last four quarters, with an average positive earnings surprise of 84.5% [4]. Earnings Estimates Revisions - Annual earnings estimates for Vital Farms have increased, with the full year 2024 estimate rising from $0.94 to $1.11 over the last 90 days, and next year's estimate moving up from $1.13 to $1.19 [5]. Growth - Vital Farms has beaten sales estimates in the last three quarters, with a recent revenue of $147 million, representing a 2.5% revenue surprise. The company is expected to show 26.5% growth in 2024 and 16.7% growth in the following year [6]. Valuation - The forward PE ratio is 28x, aligning with expectations for a growth stock. The price-to-book ratio is 5.5x, while the price-to-sales ratio is 2.5x, which is reasonable given the growth. Operating margins have improved from 5.42% to 8.7% over the last three quarters [7]. Stock Performance - Despite a good earnings report, the stock experienced a 12% drop, marking the first time in six quarters that it did not rise after an earnings beat. The stock has decreased from a recent high of $48, suggesting a potential buying opportunity [8].
Is Vital Farms (VITL) a Solid Growth Stock? 3 Reasons to Think "Yes"
ZACKS· 2024-08-13 17:45
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, the Zacks Growth Style Score (part of the Zacks Sty ...
Wall Street Analysts See Vital Farms (VITL) as a Buy: Should You Invest?
ZACKS· 2024-08-08 14:31
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Vital Farms (VITL) . Vital Farms currently has an average brokerage recommendation (ABR) of 2. ...