Stocks to buy and watch: Egg producer critical farms out
Wednesday’s IBD 50 Pick of Stocks to Watch is Egg Producer. Important farms (INT) is showing above its recent buy point this week. That makes Vital Farms one of the best stocks to buy and watch right now.
The Austin, Texas-based company offers premium-brand, pasture-raised eggs and butter. Egg categories like free-range, pasture-raised, free-range, and organic can be confusing and even controversial. But middle- to upper-class consumers — who have been most distressed by recent inflationary trends — know exactly what they want.
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Vital Farms has reported 2022 and 2023 avian flu incidents. Despite these problems, the company says its network of family farms will minimize disruptions to its egg supply and operations.
On November 7, Vital Farms reported adjusted earnings of 16 cents per share on sales of $145 million, representing an increase of 60% and 31% year over year. Meanwhile, the company raised its full-year 2024 outlook on the back of strong consumer demand.
“The virtuous circle of growing consumer demand, driving expanded distribution, driving additional demand continued in the third quarter,” CEO Russell Diz-Canseco said at the company. Third quarter earnings call.
“Even with this rapid growth, we see a lot of opportunity to add more items to existing shelves in areas where we have a strong presence and to increase our sales volume,” added Diez-Canseco.
In addition, Vital Farms increased the number of family farms to 375 in the third quarter, and Company is on the way. To achieve the target net income of $1 billion by 2027.
For the full year 2024, Wall Street expects the company’s revenue to grow 90%, with a 9% increase in 2025. IBD Market Controversy.
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Stocks to Buy and Watch: Vital Breaks Out
On Monday, Vital Pharm stock crossed a 41.57 buy point on a double-bottom basis, at IBD MarketSurge chart analysis. Shares are in a 5% buy zone up to 43.65. Valuable stock rose 1.2% Wednesday morning.
Keep a close eye on the relative strength line. While the RS line remains well above its 52-week high, it has reached its highest level since mid-July. This indicates strong stock market performance in the near term.
Another positive sign of the current base formation is the first-stage base, the second stage. Early-stage foundations are more likely to make larger profits than later-stage foundations.
of IBD Stock Check It shows that Vital Farms stock It boasts a very close 98 IBD Composite Rating, another bullish trait. That strong composite rating has positioned it as one of the best stocks to buy and watch in the market today.
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Source: IBD data as of January 15
Follow Scott Lehton on X @IBD_SLehtonen For more on the best stocks to buy and watch and the Dow Jones Industrial Average.
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