83,559 Shares in Vital Farms, Inc. $VITL Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new stake in shares of Vital Farms, Inc. (NASDAQ:VITL) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 83,559 shares of the company’s stock, valued at approximately $1,152,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in Vital Farms by 89.2% in the 1st quarter. Royal Bank of Canada now owns 19,381 shares of the company’s stock worth $591,000 after buying an additional 9,136 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Vital Farms by 5.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,057 shares of the company’s stock worth $611,000 after acquiring an additional 1,108 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Vital Farms by 3.3% in the first quarter. Goldman Sachs Group Inc. now owns 415,420 shares of the company’s stock worth $12,658,000 after acquiring an additional 13,397 shares during the last quarter. Woodline Partners LP bought a new position in Vital Farms during the first quarter worth $1,073,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Vital Farms by 1.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 89,893 shares of the company’s stock worth $2,739,000 after acquiring an additional 1,198 shares during the period. Institutional investors and hedge funds own 98.59% of the company’s stock.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, insider Joseph Michael Holland bought 12,484 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $8.00 per share, with a total value of $99,872.00. Following the completion of the purchase, the insider directly owned 38,150 shares in the company, valued at $305,200. The trade was a 48.64% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Stephanie Coon purchased 5,895 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $8.42 per share, with a total value of $49,635.90. Following the transaction, the insider directly owned 62,314 shares of the company’s stock, valued at approximately $524,683.88. This represents a 10.45% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 38,700 shares of company stock valued at $320,864 over the last quarter. 3.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VITL shares. Stifel Nicolaus reiterated a “hold” rating and set a $10.00 target price (down from $34.00) on shares of Vital Farms in a research note on Friday, May 8th. Mizuho set a $20.00 price target on shares of Vital Farms in a research report on Monday, May 4th. Telsey Advisory Group downgraded shares of Vital Farms from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a report on Friday, May 8th. Weiss Ratings raised shares of Vital Farms from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 7th. Finally, Jefferies Financial Group set a $13.00 target price on shares of Vital Farms in a research note on Tuesday, June 30th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $24.08.

Vital Farms Price Performance

Shares of VITL stock opened at $13.82 on Wednesday. Vital Farms, Inc. has a 12 month low of $7.95 and a 12 month high of $53.13. The company has a market capitalization of $592.19 million, a P/E ratio of 13.29 and a beta of 1.07. The stock has a 50 day moving average of $11.45 and a two-hundred day moving average of $16.46. The company has a current ratio of 1.77, a quick ratio of 1.00 and a debt-to-equity ratio of 0.01.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12). The firm had revenue of $187.16 million for the quarter, compared to the consensus estimate of $182.40 million. Vital Farms had a net margin of 6.10% and a return on equity of 14.47%. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 earnings per share. As a group, equities analysts expect that Vital Farms, Inc. will post -0.46 EPS for the current year.

Vital Farms Company Profile

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.