Vita Coco Company, Inc. (NASDAQ:COCO – Get Free Report) has received a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $74.12.
Several research analysts have issued reports on the stock. Piper Sandler lifted their price target on shares of Vita Coco from $83.00 to $88.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. William Blair reissued a “market perform” rating on shares of Vita Coco in a research note on Thursday, October 22nd. Zacks Research lowered Vita Coco from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. Wall Street Zen lowered Vita Coco from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings lowered Vita Coco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday.
View Our Latest Stock Analysis on COCO
Institutional Investors Weigh In On Vita Coco
Large investors have recently made changes to their positions in the company. TT International Asset Management LTD bought a new stake in Vita Coco during the 3rd quarter worth about $1,273,000. Oregon Public Employees Retirement Fund lifted its position in shares of Vita Coco by 11.0% during the third quarter. Oregon Public Employees Retirement Fund now owns 11,071 shares of the company’s stock worth $634,000 after purchasing an additional 1,100 shares in the last quarter. Signature Equity Partners LLC acquired a new position in shares of Vita Coco during the third quarter worth approximately $42,000. State of Wyoming grew its stake in shares of Vita Coco by 25.6% during the third quarter. State of Wyoming now owns 4,127 shares of the company’s stock valued at $236,000 after purchasing an additional 841 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of Vita Coco by 137.9% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 40,200 shares of the company’s stock valued at $2,302,000 after purchasing an additional 23,300 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.
Vita Coco Trading Up 3.9%
NASDAQ COCO opened at $58.48 on Monday. The company’s fifty day simple moving average is $57.44 and its 200-day simple moving average is $61.61. Vita Coco has a 52 week low of $39.69 and a 52 week high of $85.83. The stock has a market cap of $3.34 billion, a P/E ratio of 29.39, a PEG ratio of 1.44 and a beta of 0.76.
Vita Coco (NASDAQ:COCO – Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. The business had revenue of $243.83 million during the quarter, compared to analyst estimates of $230.10 million. Vita Coco had a net margin of 15.70% and a return on equity of 31.84%. The business’s revenue was up 33.7% on a year-over-year basis. During the same period last year, the business earned $0.40 EPS. On average, research analysts expect that Vita Coco will post 2.06 EPS for the current fiscal year.
About Vita Coco
The Vita Coco Company, Inc is a beverage company focused on hydration and wellness products. Its flagship brand, Vita Coco, offers coconut water in a variety of formats and flavors, including original, flavored and pressed coconut water products. The company also markets other beverages under brands such as Ever & Ever, a plant-based water brand, and PWR LIFT, a functional hydration beverage.
Vita Coco products are sold through grocery stores, mass merchandisers, convenience stores, club retailers, e-commerce platforms and foodservice channels.
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