Vital Farms, Inc. (NASDAQ:VITL) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its stake in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 47.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,198 shares of the company's stock after selling 11,172 shares during the period. Hsbc Holdings PLC's holdings in Vital Farms were worth $457,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VITL. Nordea Investment Management AB acquired a new position in Vital Farms in the 4th quarter valued at about $2,765,000. JPMorgan Chase & Co. lifted its position in Vital Farms by 38.9% in the third quarter. JPMorgan Chase & Co. now owns 266,398 shares of the company's stock valued at $9,343,000 after purchasing an additional 74,593 shares during the period. Proficio Capital Partners LLC purchased a new stake in Vital Farms in the 4th quarter valued at approximately $699,000. Franklin Resources Inc. increased its position in Vital Farms by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 372,583 shares of the company's stock worth $13,066,000 after purchasing an additional 34,412 shares during the period. Finally, Barclays PLC raised its stake in shares of Vital Farms by 57.3% during the 3rd quarter. Barclays PLC now owns 95,444 shares of the company's stock worth $3,347,000 after buying an additional 34,758 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on VITL. Stifel Nicolaus upgraded shares of Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 target price on the stock in a research report on Friday, February 28th. Morgan Stanley decreased their target price on Vital Farms from $40.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. BMO Capital Markets raised Vital Farms to a "strong-buy" rating in a report on Tuesday, May 6th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $52.00 price target on shares of Vital Farms in a research note on Monday, May 5th. Finally, William Blair reiterated an "outperform" rating on shares of Vital Farms in a research report on Friday, February 28th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Vital Farms presently has a consensus rating of "Buy" and an average target price of $44.63.

Insiders Place Their Bets

In related news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $32.68, for a total value of $784,320.00. Following the transaction, the insider now directly owns 6,942,890 shares of the company's stock, valued at approximately $226,893,645.20. This trade represents a 0.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Russell Diez-Canseco sold 45,124 shares of the business's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $33.69, for a total value of $1,520,227.56. Following the sale, the chief executive officer now directly owns 703,736 shares of the company's stock, valued at approximately $23,708,865.84. This trade represents a 6.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,124 shares of company stock valued at $3,019,308 over the last quarter. Company insiders own 27.60% of the company's stock.

Vital Farms Trading Down 0.5%

VITL stock traded down $0.17 during midday trading on Tuesday, hitting $34.39. The stock had a trading volume of 171,293 shares, compared to its average volume of 1,028,434. The company's 50-day moving average price is $32.57 and its 200 day moving average price is $35.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The firm has a market cap of $1.53 billion, a PE ratio of 30.71 and a beta of 0.94. Vital Farms, Inc. has a 12-month low of $27.91 and a 12-month high of $48.41.

Vital Farms (NASDAQ:VITL - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.11. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The business had revenue of $162.19 million during the quarter, compared to the consensus estimate of $164.43 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. The business's revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities research analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

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.