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

A number of other large investors also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd raised its position in shares of Vital Farms by 20,650.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,660 shares of the company's stock valued at $51,000 after buying an additional 1,652 shares in the last quarter. US Bancorp DE grew its stake in shares of Vital Farms by 36.2% during the first quarter. US Bancorp DE now owns 1,929 shares of the company's stock worth $59,000 after buying an additional 513 shares during the last quarter. CWM LLC grew its stake in shares of Vital Farms by 43.2% during the first quarter. CWM LLC now owns 2,154 shares of the company's stock worth $66,000 after buying an additional 650 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Vital Farms in the first quarter worth $112,000. Finally, Hanson & Doremus Investment Management bought a new stake in Vital Farms during the first quarter valued at $130,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. DA Davidson upped their price objective on shares of Vital Farms from $51.00 to $52.00 and gave the company a "buy" rating in a report on Monday, August 11th. Telsey Advisory Group upped their price objective on shares of Vital Farms from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Stifel Nicolaus increased 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. BMO Capital Markets reaffirmed an "outperform" rating on shares of Vital Farms in a report on Friday, August 8th. Finally, Lake Street Capital set a $60.00 price objective on shares of Vital Farms and gave the stock a "buy" rating in a report on Friday, August 8th. Eleven research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $48.20.

Vital Farms Price Performance

Shares of Vital Farms stock traded down $1.10 on Thursday, hitting $51.31. 155,907 shares of the company traded hands, compared to its average volume of 998,295. The firm's 50-day simple moving average is $40.91 and its 200 day simple moving average is $35.65. The company has a current ratio of 2.48, a quick ratio of 2.10 and a debt-to-equity ratio of 0.02. The company has a market cap of $2.29 billion, a P/E ratio of 45.84 and a beta of 0.94. Vital Farms, Inc. has a 12-month low of $27.91 and a 12-month high of $53.13.

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

Insider Buying and Selling

In other Vital Farms news, SVP Stephanie Coon sold 10,005 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $46.15, for a total value of $461,730.75. Following the sale, the senior vice president owned 45,779 shares of the company's stock, valued at $2,112,700.85. This trade represents a 17.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Thilo Wrede sold 1,200 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $31.93, for a total transaction of $38,316.00. Following the completion of the sale, the chief financial officer directly owned 57,117 shares in the company, valued at approximately $1,823,745.81. This trade represents a 2.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,901 shares of company stock worth $4,141,052 over the last 90 days. Insiders own 21.30% of the company's stock.

Vital Farms Profile

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.