William Blair analyst Jon Andersen has maintained their bullish stance on VITL stock, giving a Buy rating on February 24.
Jon Andersen has given his Buy rating due to a combination of factors that highlight Vital Farms’ strong financial performance and positive future outlook. The company’s EBITDA for the fourth quarter of 2024 significantly exceeded expectations, coming in at $19 million compared to the anticipated $12 million, and even surpassing the consensus estimate of $15 million. This robust earnings quality was supported by higher-than-expected sales and gross margins, along with a more favorable operating expense ratio than initially forecasted.
Furthermore, the management’s guidance for 2025 projects even greater sales and earnings than both the firm’s and the consensus estimates, indicating a promising growth trajectory. These factors collectively suggest a solid financial foundation and potential for continued success, justifying Andersen’s optimistic Buy rating on Vital Farms’ stock.
In another report released on February 24, Lake Street also maintained a Buy rating on the stock with a $50.00 price target.
Based on the recent corporate insider activity of 130 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VITL in relation to earlier this year.