Hsbc Holdings PLC Makes New Investment in Vital Farms, Inc. $VITL

Hsbc Holdings PLC purchased a new position in shares of Vital Farms, Inc. (NASDAQ:VITL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 171,277 shares of the company’s stock, valued at approximately $1,965,000. Hsbc Holdings PLC owned 0.40% of Vital Farms at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on VITL shares. Stifel Nicolaus set a $11.00 price objective on Vital Farms in a research report on Friday, August 7th. Zacks Research raised shares of Vital Farms from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Weiss Ratings upgraded shares of Vital Farms from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 25th. Morgan Stanley set a $10.00 price objective on Vital Farms in a report on Friday, May 8th. Finally, William Blair reiterated a “market perform” rating on shares of Vital Farms in a research note on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $17.18.

Vital Farms Price Performance

VITL stock opened at $10.79 on Monday. Vital Farms, Inc. has a 52 week low of $7.95 and a 52 week high of $52.79. The business has a 50-day simple moving average of $12.08 and a 200 day simple moving average of $13.74. The company has a quick ratio of 0.60, a current ratio of 1.10 and a debt-to-equity ratio of 0.11. The company has a market cap of $463.21 million, a PE ratio of -269.75 and a beta of 1.07.

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

Vital Farms 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.