Vita Coco (NASDAQ:COCO) Shares Gap Up on Earnings Beat

Shares of Vita Coco Company, Inc. (NASDAQ:COCO) gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $74.45, but opened at $77.92. Vita Coco shares last traded at $70.7120, with a volume of 402,994 shares trading hands.

The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.26. Vita Coco had a net margin of 15.50% and a return on equity of 31.09%. The company had revenue of $216.15 million during the quarter, compared to the consensus estimate of $210.64 million. During the same quarter in the prior year, the firm posted $0.38 EPS. Vita Coco’s quarterly revenue was up 28.1% compared to the same quarter last year.

Vita Coco News Roundup

Here are the key news stories impacting Vita Coco this week:

• Positive Sentiment: Vita Coco delivered a big Q2 beat, with earnings of $0.82 per share versus $0.56 expected and revenue of $216.15 million above estimates. The company also raised full-year 2026 guidance for net sales to $790 million-$805 million and adjusted EBITDA to $154 million-$161 million, signaling stronger momentum ahead. Article Title
• Positive Sentiment: The company announced the acquisition of Copra, a Thai Nam Hom coconut water producer, which should help Vita Coco expand into the fast-growing super-premium coconut water market and support category growth. Article Title
• Positive Sentiment: Analyst sentiment improved after the results, with Evercore raising its price target to $80 from $75 and Piper Sandler lifting its target to $89 from $74, reflecting confidence in continued upside. Article Title
• Neutral Sentiment: The company’s acquisition also comes with added execution complexity, and a newly highlighted manufacturing risk around in-house Copra production may make investors more cautious about integration and operational costs. Article Title

Analyst Upgrades and Downgrades

COCO has been the subject of several research analyst reports. Wells Fargo & Company increased their target price on Vita Coco from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Morgan Stanley set a $65.00 price target on Vita Coco in a report on Thursday, April 30th. Zacks Research downgraded Vita Coco from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Piper Sandler increased their price objective on shares of Vita Coco from $74.00 to $89.00 and gave the company an “overweight” rating in a report on Friday. Finally, Jefferies Financial Group lifted their price objective on shares of Vita Coco from $63.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $77.29.

Insider Transactions at Vita Coco

In related news, CEO Martin Roper sold 25,000 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00. Following the sale, the chief executive officer directly owned 298,484 shares in the company, valued at approximately $14,924,200. The trade was a 7.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jonathan Burth sold 40,000 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $63.75, for a total value of $2,550,000.00. Following the transaction, the chief operating officer directly owned 57,910 shares of the company’s stock, valued at approximately $3,691,762.50. The trade was a 40.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 571,950 shares of company stock worth $42,461,695. 12.90% of the stock is currently owned by company insiders.

Institutional Trading of Vita Coco

Several hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its holdings in shares of Vita Coco by 2,636.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 520 shares of the company’s stock valued at $28,000 after purchasing an additional 501 shares in the last quarter. Quarry LP increased its position in Vita Coco by 12,633.3% in the third quarter. Quarry LP now owns 764 shares of the company’s stock worth $32,000 after purchasing an additional 758 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Vita Coco by 5,376.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $49,000 after purchasing an additional 1,344 shares in the last quarter. GAMMA Investing LLC raised its stake in Vita Coco by 25.0% during the fourth quarter. GAMMA Investing LLC now owns 1,134 shares of the company’s stock valued at $60,000 after purchasing an additional 227 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in Vita Coco by 265.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,319 shares of the company’s stock valued at $70,000 after purchasing an additional 958 shares during the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

Vita Coco Price Performance

The firm has a market cap of $3.77 billion, a P/E ratio of 36.45, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77. The company’s 50-day simple moving average is $75.33 and its 200 day simple moving average is $62.36.

About Vita Coco

Vita Coco, Inc (NASDAQ: COCO) is a global beverage company specializing in coconut-based products. Founded in 2004 by Michael Kirban and Ira Liran, the company pioneered the introduction of refrigerated coconut water to U.S. consumers. Headquartered in New York City, Vita Coco sources coconuts from growers in tropical regions such as the Philippines, Indonesia and Brazil, partnering with local farmers to promote sustainable agriculture and community development.

The company’s flagship offering, Vita Coco Original Coconut Water, is available in multiple pack sizes and a variety of flavors.