William Blair Brokers Lower Earnings Estimates for Vita Coco

The Vita Coco Company, Inc. (NASDAQ:COCO) – Equities research analysts at William Blair reduced their Q4 2024 earnings estimates for shares of Vita Coco in a research note issued to investors on Wednesday, October 30th. William Blair analyst J. Andersen now forecasts that the company will earn $0.10 per share for the quarter, down from their previous forecast of $0.11. The consensus estimate for Vita Coco’s current full-year earnings is $1.00 per share. William Blair also issued estimates for Vita Coco’s FY2025 earnings at $1.18 EPS.

Vita Coco (NASDAQ:COCO) last posted its earnings results on Wednesday, October 30th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. Vita Coco had a return on equity of 27.64% and a net margin of 11.99%. The business had revenue of $133.00 million during the quarter, compared to analysts’ expectations of $138.56 million. During the same period in the previous year, the business earned $0.26 earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis.

Other research analysts have also recently issued research reports about the company. Bank of America increased their target price on Vita Coco from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Wells Fargo & Company upped their target price on shares of Vita Coco from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Craig Hallum increased their price objective on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday. Jefferies Financial Group reduced their target price on Vita Coco from $35.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, Piper Sandler downgraded shares of Vita Coco from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $29.00 to $28.00 in a research report on Friday, July 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Vita Coco has an average rating of “Moderate Buy” and an average price target of $31.00.

Vita Coco Trading Up 0.2 %

Shares of NASDAQ COCO opened at $29.61 on Friday. The business has a 50-day moving average of $27.84 and a 200-day moving average of $27.05. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 2.45 and a beta of 0.23. Vita Coco has a 12 month low of $19.41 and a 12 month high of $31.54.

Insiders Place Their Bets

In other news, COO Jonathan Burth sold 1,400 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $30.04, for a total value of $42,056.00. Following the completion of the sale, the chief operating officer now directly owns 121,900 shares of the company’s stock, valued at $3,661,876. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 4,949 shares of company stock worth $148,585. Company insiders own 34.20% of the company’s stock.

Hedge Funds Weigh In On Vita Coco

A number of hedge funds have recently made changes to their positions in COCO. CWM LLC lifted its holdings in Vita Coco by 40.7% in the 2nd quarter. CWM LLC now owns 2,720 shares of the company’s stock worth $76,000 after purchasing an additional 787 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Vita Coco by 32.3% in the first quarter. Ameritas Investment Partners Inc. now owns 3,760 shares of the company’s stock worth $92,000 after buying an additional 919 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Vita Coco by 9.5% during the second quarter. Arizona State Retirement System now owns 11,107 shares of the company’s stock worth $309,000 after acquiring an additional 960 shares during the last quarter. US Bancorp DE grew its stake in Vita Coco by 8.5% during the third quarter. US Bancorp DE now owns 14,968 shares of the company’s stock valued at $424,000 after acquiring an additional 1,178 shares in the last quarter. Finally, nVerses Capital LLC increased its holdings in Vita Coco by 271.4% in the 2nd quarter. nVerses Capital LLC now owns 2,600 shares of the company’s stock valued at $72,000 after acquiring an additional 1,900 shares during the last quarter. Institutional investors own 88.49% of the company’s stock.

About Vita Coco

The Vita Coco Company, Inc develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company offers coconut oil and coconut milk; juice; Runa, a plant-based energy drink; packaged water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink.