Vita Coco (NASDAQ:COCO) Price Target Raised to $80.00 at Evercore

Vita Coco (NASDAQ:COCO) had its target price upped by Evercore from $75.00 to $80.00 in a research report report published on Friday morning, MarketBeat Ratings reports. They currently have an outperform rating on the stock.

A number of other analysts also recently weighed in on COCO. Piper Sandler upped their target price on shares of Vita Coco from $74.00 to $89.00 and gave the stock an “overweight” rating in a research report on Friday. Citigroup reissued a “buy” rating on shares of Vita Coco in a research note on Tuesday, May 26th. Jefferies Financial Group upped their price objective on shares of Vita Coco from $63.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Morgan Stanley set a $65.00 price target on Vita Coco in a research note on Thursday, April 30th. Finally, The Goldman Sachs Group set a $90.00 price target on Vita Coco and gave the company a “buy” rating in a report on Thursday. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Vita Coco currently has an average rating of “Moderate Buy” and an average price target of $77.29.

Vita Coco Stock Down 4.9%

Shares of COCO stock opened at $65.97 on Friday. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 1.66 and a beta of 0.77. The stock has a fifty day moving average of $75.33 and a 200 day moving average of $62.36. Vita Coco has a 52 week low of $31.79 and a 52 week high of $85.83.

Vita Coco (NASDAQ:COCO) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.82 EPS 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 business had revenue of $216.15 million during the quarter, compared to analyst estimates of $210.64 million. During the same period in the prior year, the business earned $0.38 EPS. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. Equities research analysts anticipate that Vita Coco will post 1.77 earnings per share for the current year.

Insider Transactions at Vita Coco

In other Vita Coco news, insider Es Charles Van sold 8,045 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $75.05, for a total transaction of $603,777.25. Following the completion of the sale, the insider directly owned 59,085 shares of the company’s stock, valued at approximately $4,434,329.25. This represents a 11.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kenneth Sadowsky sold 3,900 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $82.92, for a total transaction of $323,388.00. Following the sale, the director directly owned 580,296 shares of the company’s stock, valued at approximately $48,118,144.32. The trade was a 0.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 571,950 shares of company stock valued at $42,461,695. 12.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vita Coco

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its position in Vita Coco by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 1,134 shares of the company’s stock worth $60,000 after purchasing an additional 227 shares in the last quarter. CWM LLC increased its position in Vita Coco by 18.2% during the 4th quarter. CWM LLC now owns 1,505 shares of the company’s stock worth $80,000 after purchasing an additional 232 shares in the last quarter. Mariner LLC lifted its holdings in shares of Vita Coco by 2.8% during the 3rd quarter. Mariner LLC now owns 8,742 shares of the company’s stock valued at $371,000 after acquiring an additional 236 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Vita Coco by 4.1% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 12,472 shares of the company’s stock valued at $661,000 after buying an additional 489 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Vita Coco by 2,636.8% during the 4th 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. Institutional investors own 88.49% of the company’s stock.

Trending Headlines about Vita Coco

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

Vita Coco Company Profile

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.