|Bid||25.03 x 800|
|Ask||25.05 x 800|
|Day's Range||24.52 - 25.18|
|52 Week Range||19.49 - 43.30|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 24, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||31.57|
Vital Farms forecasted better-than-expected sales for the fiscal year 2021 after the provider of pasture-raised food posted a wider-than-expected fiscal 4Q loss. Shares dropped 2.8% to close at $24.18 on March 24. Vital Farms (VITL) reported a 4Q loss of $0.02 per share, compared to the loss of $0.01 per share estimated by analysts. A loss of $0.17 per share was recorded in the prior-year quarter. Net revenues surged 30% year-over-year to $54 million and outpaced analysts’ expectations of $51.97 million. The outstanding performance was driven mainly by volume increases to distributors and retail partners. The company’s adjusted EBITDA loss came in at $0.1 million in the quarter, compared to a loss of $4.7 million in the prior-year period. (See Vital Farms stock analysis on TipRanks) Vital Farms CEO Russell Diez-Canseco commented, “We have demonstrated consistent growth in the years prior to and throughout 2020 and are investing significantly in our future – from growing our network of family farms, doubling capacity at Egg Central Station where we wash and pack eggs, launching a new marketing campaign, entering a national foodservice partnership with Acosta, and attracting top talent to join our team. We believe Vital Farms is well-positioned for success in 2021 and beyond.” For fiscal 2021, net revenue is expected to be between $246 million and $253 million, versus the consensus estimate of $245.3 million. Adjusted EBITDA is forecasted to be in the range of $6 million to $8 million. Following the 4Q results, Jefferies analyst Robert Dickerson reiterated a Buy rating and a price target of $40 (65.4% upside potential) on the stock. Dickerson forecasts earnings per share for the first quarter of 2021 to be $0.05. The rest of the Street is cautiously optimistic about the stock with a Moderate Buy consensus rating based on 1 Buy and 1 Hold. The average analyst price target of $34.50 implies 42.7% upside potential to current levels. Related News: Ollie’s 4Q Results Beat Analysts’ Expectations As Sales Pick Up; Shares Gain After-Hours GameStop’s Quarterly Results Disappoint; Shares Drop 15% After-Hours aTyr Pharma Pops 6% On Lower-Than-Feared Quarterly Loss, Revenue Outperforms More recent articles from Smarter Analyst: Wheaton Precious Metals To Acquire Gold Stream From Capstone; Street Says Buy Equifax Snaps Up i2verify; Street Sees 21% Upside Forte Posts Lower-Than-Feared Quarterly Loss; Shares Drop 9.5% Mettler-Toledo Acquires PendoTECH; Street Says Hold
With a price-to-earnings (or "P/E") ratio of 78.8x Vital Farms, Inc. ( NASDAQ:VITL ) may be sending very bearish...
Ladies and gentlemen, thank you for standing by, and welcome to the Vital Farms fourth-quarter 2020 earnings conference call. On today's call are Russell Diez-Canseco, president and chief executive officer; and Bo Meissner, chief financial officer, who is also speaking on his first earnings call as CFO this morning.