13 Best Farmland and Agriculture Stocks To Invest In According to Hedge Funds

11. Vital Farms Inc. (NASDAQ:VITL)

Number of Hedge Fund Holders: 28

Vital Farms Inc. (NASDAQ:VITL) is a food and agriculture company that specializes in producing ethically sourced eggs and dairy products. The company partners with family farms to offer a variety of products, including shell eggs, butter, hard-boiled eggs, and liquid whole eggs, which are available in over 24,000 stores across the United States.

In its third-quarter financial results for 2024, Vital Farms Inc. (NASDAQ:VITL) reported a remarkable 31.3% increase in net revenue, reaching $145 million compared to $110.4 million in the same quarter last year. This growth was primarily driven by higher sales volumes, reflecting strong consumer demand for its products. Vital Farms Inc. (NASDAQ:VITL) has managed to achieve a 31% increase in sales over the first nine months of 2024, showcasing its robust performance.

Looking forward, Vital Farms Inc. (NASDAQ:VITL) is focused on expanding its operations to support its ambitious goal of reaching $1 billion in net revenue by 2027. In June 2024, the company announced plans to open a new Egg Central Station (ECS) facility in Seymour, Indiana. This facility will enhance their egg washing and packing capabilities and build on the success of their existing operations.

Over the past three years, Vital Farms Inc. (NASDAQ:VITL) has demonstrated impressive growth, with a compound annual growth rate (CAGR) of 34% for revenue and an astonishing 111% CAGR for net income. Additionally, analysts are optimistic about the company’s future, holding a consensus buy rating on the stock and setting a one-year price target of $41.00, indicating a potential upside of 21% from current levels. With strong financial results and ongoing investments in capacity expansion, Vital Farms Inc. (NASDAQ:VITL) is well-positioned for future success, making it an attractive option for investors seeking opportunities in the farmland and agriculture sector.