Hsbc Holdings PLC Has $1.17 Million Stock Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Hsbc Holdings PLC cut its holdings in Vital Farms, Inc. (NASDAQ:VITL) by 11.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,388 shares of the company’s stock after selling 3,416 shares during the quarter. Hsbc Holdings PLC’s holdings in Vital Farms were worth $1,169,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in VITL. Campbell & CO Investment Adviser LLC bought a new stake in shares of Vital Farms in the fourth quarter worth $720,000. Counterpoint Mutual Funds LLC acquired a new stake in Vital Farms in the 1st quarter worth about $656,000. Anchor Capital Management Company LLC acquired a new stake in Vital Farms during the first quarter worth approximately $2,325,000. Principal Financial Group Inc. grew its holdings in shares of Vital Farms by 19.4% during the 1st quarter. Principal Financial Group Inc. now owns 477,826 shares of the company’s stock worth $11,109,000 after purchasing an additional 77,710 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in Vital Farms by 10.4% in the 1st quarter. GSA Capital Partners LLP now owns 136,958 shares of the company’s stock valued at $3,184,000 after buying an additional 12,851 shares during the period. 98.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VITL has been the topic of several research analyst reports. TD Cowen raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Friday, August 9th. Stifel Nicolaus reduced their price target on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vital Farms presently has an average rating of “Moderate Buy” and a consensus price target of $34.60.

Vital Farms Price Performance

Shares of VITL opened at $35.13 on Friday. The company has a quick ratio of 3.03, a current ratio of 3.50 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.48 billion, a PE ratio of 41.33 and a beta of 0.96. Vital Farms, Inc. has a 12-month low of $10.41 and a 12-month high of $48.41. The business has a 50-day simple moving average of $33.00 and a two-hundred day simple moving average of $33.95.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.16. The company had revenue of $147.39 million for the quarter, compared to analysts’ expectations of $138.41 million. Vital Farms had a net margin of 8.70% and a return on equity of 22.77%. Vital Farms’s revenue for the quarter was up 38.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Transactions at Vital Farms

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,381 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $43.71, for a total transaction of $1,939,893.51. Following the completion of the sale, the chief executive officer now owns 427,839 shares of the company’s stock, valued at approximately $18,700,842.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Russell Diez-Canseco sold 44,381 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $43.71, for a total value of $1,939,893.51. Following the transaction, the chief executive officer now owns 427,839 shares in the company, valued at $18,700,842.69. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $39.58, for a total value of $949,920.00. Following the completion of the transaction, the insider now directly owns 7,266,777 shares in the company, valued at $287,619,033.66. The disclosure for this sale can be found here. 30.20% of the stock is owned by corporate insiders.

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.