VITL

Vital Farms Inc

Consumer


Presented:12/16/2020
Price:$24.79
Cap:$0.98B
Current Price:$40.00
Cap:$1.72B

Presented

Date12/16/2020
Price$24.79
Market Cap$0.98B
Ent Value$1.45B
P/E RatioN/A
Book Value$3.60
Div Yield0%
Shares O/S39.43M
Ave Daily Vol377,116
Short Int11.54%

Current

Price$40.00
Market Cap$1.72B
Vital Farms, Inc. packages, markets and distributes pasture-raised shell eggs, pasture-raised butter and other products. Its products are sold under the trade names Vital Farms, Alfresco Farms, Lucky Ladies and RedHill Farms, primarily to retail foodservice channels. The company was founded by Catherine Stewart, Matthew O'Hayer and Jason Jones in 2007 and is headquartered in Austin, TX.

Publicly traded companies mentioned herein: Beyond Meat Inc (BYND), Cal-Maine Foods Inc (CALM), Freshpet Inc (FRPT), Simply Good Foods Co (SMPL), Vital Farms Inc (VITL)

Highlights

The presenter is long shares of Vital Farms Inc (VITL) which IPO’d in August of this year. VITL is a Certified B Corporation that sells pasture-raised eggs through partnerships with family farms. Pasture-raised eggs represent a new sub-category within shelled eggs where chickens are allowed to roam outside within pastures instead of in cages. Over the next 4 - 5 years, he believes VITL should be able to sustain 25% - 30% top-line growth, something he highlights as rare within consumer staples. 

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Idea Discussion

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