Hsbc Holdings PLC Invests $1.97 Million in Vital Farms, Inc. $VITL

Hsbc Holdings PLC acquired a new position in shares of Vital Farms, Inc. (NASDAQ:VITL) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 171,277 shares of the company’s stock, valued at approximately $1,965,000.

Several other large investors have also bought and sold shares of VITL. Triumph Capital Management bought a new position in Vital Farms in the fourth quarter valued at about $25,000. Quarry LP bought a new position in shares of Vital Farms in the fourth quarter worth about $27,000. Global Retirement Partners LLC boosted its stake in shares of Vital Farms by 4,382.6% in the 4th quarter. Global Retirement Partners LLC now owns 1,031 shares of the company’s stock valued at $33,000 after purchasing an additional 1,008 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Vital Farms in the 3rd quarter valued at approximately $55,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Vital Farms by 225.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,452 shares of the company’s stock valued at $46,000 after purchasing an additional 1,006 shares during the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.

Vital Farms Stock Performance

Shares of NASDAQ VITL opened at $10.79 on Monday. The firm has a 50 day moving average price of $12.08 and a two-hundred day moving average price of $13.74. The stock has a market cap of $463.21 million, a P/E ratio of -269.75 and a beta of 1.07. Vital Farms, Inc. has a 52-week low of $7.95 and a 52-week high of $52.79. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 1.10.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.47) earnings per share for the quarter, hitting the consensus estimate of ($0.47). The company had revenue of $166.03 million for the quarter, compared to analysts’ expectations of $160.24 million. Vital Farms had a net margin of 0.02% and a return on equity of 3.46%. Vital Farms’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 earnings per share. As a group, equities analysts forecast that Vital Farms, Inc. will post -0.48 EPS for the current year.

Analyst Upgrades and Downgrades

VITL has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Vital Farms from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Morgan Stanley set a $10.00 target price on shares of Vital Farms in a research report on Friday, May 8th. Telsey Advisory Group cut shares of Vital Farms from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research note on Friday, May 8th. BMO Capital Markets reiterated an “outperform” rating and set a $15.00 price target on shares of Vital Farms in a report on Friday, August 7th. Finally, Wall Street Zen cut Vital Farms from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.18.

About Vital Farms

Vital Farms, traded on the NASDAQ under the symbol VITL, is a U.S.-based food company specializing in pasture-raised egg and dairy products. The company partners with a network of family farms across the United States to produce eggs, butter and related items under a certified humane, pasture-centric farming model. Vital Farms’ supply chain emphasizes animal welfare, environmental stewardship and transparent sourcing, appealing to consumers seeking ethically produced, high-quality ingredients.

Founded in 2007 and headquartered in Austin, Texas, Vital Farms began by marketing pasture-raised eggs to health- and ethically minded shoppers.