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 ...

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 ...

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 ...

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 ...

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].

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 ...

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. ...

Vital Farms (VITL) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 71.43%. A quarter ago, it was expected that this company would post earnings of $0.23 per share when it actually produced earnings of $0.43, delivering a surprise of 86.96%. Over the last four quarters, the company has ...

Core Insights - Vital Farms reported a second quarter net revenue of $147.4 million, representing a 38.5% increase compared to the same period last year [1][2] - The company raised its fiscal year 2024 outlook, expecting net revenue of at least $590 million, which is a 25% growth from fiscal year 2023 [12] - Vital Farms plans to establish a new state-of-the-art egg washing and packing facility in Seymour, Indiana, aimed at enhancing growth and meeting future demand [1][14] Financial Performance - Net revenue increased by 38.5% to $147.4 million in Q2 2024, up from $106.4 million in Q2 2023, driven by a 35.8% volume gain and price/mix benefits [2][4] - Gross margin expanded by 362 basis points to 39.1% in Q2 2024, compared to 35.5% in the prior year [2][5] - Net income rose to $16.3 million in Q2 2024, compared to $6.7 million in the same quarter last year, with net income per diluted share increasing to $0.36 from $0.15 [7][2] Operational Highlights - Adjusted EBITDA for Q2 2024 was $23.3 million, or 15.8% of net revenue, compared to $11.3 million, or 10.7% of net revenue in Q2 2023 [8][29] - The company’s cash, cash equivalents, and marketable securities totaled $152.7 million as of June 30, 2024, with no outstanding debt [10] - Capital expenditures for the 26-week period ended June 30, 2024, were $6.9 million, up from $4.3 million in the same period last year [11] Future Outlook - The company anticipates adjusted EBITDA of at least $75 million for fiscal year 2024, reflecting a growth of at least 55% compared to fiscal year 2023 [12] - The new egg washing and packing facility in Seymour, Indiana, is expected to create at least 150 jobs and support approximately 165 additional family farms [15][14] - Vital Farms aims to reach a target of $1 billion in net revenue by 2027, supported by the new facility and an expanding network of over 350 family farms [1][15]

As Vital Farms, Inc. (VITL) prepares to release its second-quarter 2024 earnings report on Aug 8 before the opening bell, anticipation is building around the company's potential for substantial revenue growth. Several strategic initiatives and trends suggest that Vital Farms is poised for a strong performance. With a commitment to ethical food production and high-quality, pasture-raised products, Vital Farms has established a distinctive position in the competitive food industry. The Zacks Consensus Estimat ...