Cresset Asset Management LLC Invests $786,000 in Vital Farms, Inc. $VITL

Key Points

• Cresset Asset Management LLC has acquired 25,800 shares of Vital Farms, valued at approximately $786,000, during the 1st quarter, bringing their total ownership to around 0.06% of the company.
• Vital Farms reported a net margin of 7.84% and earnings of $0.36 per share for the latest quarter, exceeding analyst estimates and marking a 25.4% year-over-year revenue increase.
• There is strong interest from analysts, with eleven investment analysts giving Vital Farms a Buy rating and raising target prices, indicating strong market confidence in the company.

Cresset Asset Management LLC purchased a new position in Vital Farms, Inc. (NASDAQ:VITL - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 25,800 shares of the company's stock, valued at approximately $786,000. Cresset Asset Management LLC owned 0.06% of Vital Farms as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in VITL. Wellington Management Group LLP grew its stake in shares of Vital Farms by 417.8% in the fourth quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company's stock worth $91,625,000 after acquiring an additional 1,961,550 shares during the period. American Century Companies Inc. grew its position in Vital Farms by 1,453.0% during the first quarter. American Century Companies Inc. now owns 1,243,467 shares of the company's stock valued at $37,888,000 after buying an additional 1,163,399 shares during the period. Nuveen LLC bought a new stake in Vital Farms during the first quarter valued at approximately $17,633,000. Lord Abbett & CO. LLC grew its position in Vital Farms by 64.6% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,058,753 shares of the company's stock valued at $39,904,000 after buying an additional 415,614 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in Vital Farms by 56.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 662,174 shares of the company's stock valued at $24,958,000 after buying an additional 239,552 shares during the period. 98.59% of the stock is currently owned by institutional investors.

Vital Farms Price Performance

Shares of VITL stock traded up $1.52 during mid-day trading on Wednesday, hitting $52.75. The company had a trading volume of 795,296 shares, compared to its average volume of 1,001,047. Vital Farms, Inc. has a 52-week low of $27.91 and a 52-week high of $53.13. The stock's 50 day moving average price is $40.57 and its 200-day moving average price is $35.54. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.48 and a quick ratio of 2.10. The company has a market capitalization of $2.36 billion, a P/E ratio of 47.10 and a beta of 0.94.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.27 by $0.09. The firm had revenue of $184.77 million for the quarter, compared to the consensus estimate of $170.28 million. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. The company's quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 earnings per share. Vital Farms has set its FY 2025 guidance at EPS. Equities research analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Insider Activity at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 4,200 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $50.25, for a total transaction of $211,050.00. Following the transaction, the insider owned 6,827,070 shares in the company, valued at $343,060,267.50. The trade was a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Stephanie Coon sold 10,005 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $46.15, for a total transaction of $461,730.75. Following the transaction, the senior vice president owned 45,779 shares in the company, valued at $2,112,700.85. This trade represents a 17.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,901 shares of company stock valued at $4,141,052 over the last quarter. 21.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

VITL has been the subject of several recent research reports. Mizuho boosted their target price on shares of Vital Farms from $45.00 to $53.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. Stifel Nicolaus boosted their target price on shares of Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a research report on Friday, August 8th. DA Davidson boosted their target price on shares of Vital Farms from $51.00 to $52.00 and gave the company a "buy" rating in a research report on Monday, August 11th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Vital Farms in a report on Friday, August 8th. Finally, Telsey Advisory Group lifted their price target on shares of Vital Farms from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Eleven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $48.20.

About Vital Farms

Vital Farms, Inc, a food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.