Osterweis Capital Management Inc. Acquires New Holdings in Vital Farms, Inc. $VITL

Key Points

• Osterweis Capital Management Inc. has acquired a new stake in Vital Farms, Inc., purchasing 377,595 shares valued at approximately $11.5 million, representing about 0.85% of the company.
• Vital Farms reported a strong quarterly performance with earnings per share of $0.36, surpassing estimates and showing a revenue increase of 25.4% year-over-year.
• Favorable analyst ratings for Vital Farms have emerged, with target prices raised by numerous firms, including BMO Capital Markets, which set a new target at $60, reflecting a strong buy sentiment.

Osterweis Capital Management Inc. acquired a new stake in Vital Farms, Inc. (NASDAQ:VITL - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 377,595 shares of the company's stock, valued at approximately $11,505,000. Osterweis Capital Management Inc. owned approximately 0.85% of Vital Farms as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in VITL. Wellington Management Group LLP grew its holdings in shares of Vital Farms by 417.8% during the 4th quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company's stock worth $91,625,000 after purchasing an additional 1,961,550 shares in the last quarter. American Century Companies Inc. boosted its stake in Vital Farms by 1,453.0% in the 1st 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 in the last quarter. Nuveen LLC acquired a new stake in Vital Farms in the 1st quarter valued at $17,633,000. Raymond James Financial Inc. acquired a new position in Vital Farms in the first quarter worth $12,207,000. Finally, Segall Bryant & Hamill LLC acquired a new position in Vital Farms in the first quarter worth $4,649,000. 98.59% of the stock is owned by institutional investors.

Vital Farms Stock Up 2.9%

Shares of Vital Farms stock opened at $48.48 on Friday. Vital Farms, Inc. has a 1 year low of $27.91 and a 1 year high of $53.13. The business has a 50-day moving average of $43.55 and a two-hundred day moving average of $36.79. The company has a market capitalization of $2.17 billion, a P/E ratio of 43.29 and a beta of 0.94. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.48 and a quick ratio of 2.10.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. DA Davidson boosted their target price on Vital Farms from $51.00 to $52.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Mizuho upped their price objective on Vital Farms from $45.00 to $53.00 and gave the company an "outperform" rating in a report on Monday, August 11th. Telsey Advisory Group upped their price objective on Vital Farms from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, August 8th. BMO Capital Markets upped their price objective on Vital Farms from $50.00 to $60.00 and gave the company an "outperform" rating in a report on Tuesday, September 2nd. Finally, Lake Street Capital set a $60.00 price objective on Vital Farms and gave the company a "buy" rating in a report on Friday, August 8th. Eleven analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $49.80.

Insider Transactions at Vital Farms

In related news, CEO Russell Diez-Canseco sold 16,700 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $46.11, for a total transaction of $770,037.00. Following the completion of the transaction, the chief executive officer directly owned 702,476 shares in the company, valued at approximately $32,391,168.36. This trade represents a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Matthew Ohayer sold 145,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $51.98, for a total value of $7,537,100.00. Following the transaction, the insider owned 6,582,070 shares of the company's stock, valued at approximately $342,135,998.60. The trade was a 2.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 422,701 shares of company stock valued at $21,058,336 in the last ninety days. Corporate insiders own 21.30% of the company's stock.

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.

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