Vital Farms (VITL – Research Report), the Consumer Defensive sector company, was revisited by a Wall Street analyst today. Analyst Robert Dickerson from Jefferies remains neutral on the stock and has a $21.00 price target.
Robert Dickerson’s Buy rating for Vital Farms is a result of several key factors. These include the company’s updated long-term growth and profitability targets which are driven by household penetration and distribution point expansion. This strategy is expected to double revenues and increase EBITDA margin by approximately 500 basis points through 2027, thanks to its scalable business model.
Furthermore, Dickerson identifies the potential for sales growth, profitability improvement, and positive cash flow, which he believes make the company’s current valuation appealing. The updated guidance through 2027 further underscores the company’s conviction in its growth and margin expansion strategy, with Vital Farms projecting to reach $1 billion. This strong financial performance and growth outlook are the main reasons why Dickerson has given Vital Farms a Buy rating.
See Insiders’ Hot Stocks on TipRanks >>
TipRanks tracks over 100,000 company insiders, identifying the select few who excel in timing their transactions. By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions. Begin your TipRanks Premium journey today.
Vital Farms (VITL) Company Description:
Vital Farms Inc is an ethical food company. The company retails pasture-raised eggs and butter. Its products include Pasture-Raised Eggs and Pasture-Raised Butter & Ghee.
Read More on VITL:
- Vital Farms Updates Long-Term Financial Targets
- Vital Farms to hold virtual investor day
- TD Cowen starts packaged foods sector with cautious outlook
- Vital Farms initiated with a Market Perform at TD Cowen
- Vital Farms Deepens Roots in Regenerative Farming as the First National Egg Brand to Earn a Regenified™ Verification