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

Shares of Vita Coco Company, Inc. (NASDAQ:COCO) gapped up before the market opened 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 changing hands.

The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.26. Vita Coco had a net margin of 12.59% and a return on equity of 25.43%. The company had revenue of $216.15 million for the quarter, compared to analyst estimates of $210.64 million. During the same quarter last year, the firm earned $0.38 EPS. The company’s revenue for the quarter was up 28.1% on a year-over-year basis.

Key Vita Coco News

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

• Positive Sentiment: Second-quarter earnings beat expectations, with Vita Coco reporting EPS of $0.82 versus the $0.56 consensus and revenue of $216.15 million above estimates, signaling stronger-than-expected demand and profitability. Vita Coco Q2 2026 Press Release
• Positive Sentiment: The company raised full-year 2026 revenue guidance to $790 million-$805 million, well above the Wall Street forecast of about $736.2 million, reinforcing expectations for continued growth. Vita Coco Raises Full Year Guidance
• Positive Sentiment: Management said net sales rose 28% year over year, with net income increasing to $49 million and adjusted EBITDA climbing to $67 million, suggesting margin improvement and strong operating leverage. Vita Coco Q2 Financial Results
• Neutral Sentiment: The company also announced the acquisition of Copra, a strategic move that expands its coconut water market share and adds exposure to the super-premium segment, but the near-term financial impact is still unclear. Vita Coco Acquires Copra
• Neutral Sentiment: Analyst commentary and price-target updates around COCO point to a still-rich valuation, which could temper upside if execution slows. Vita Coco stock valuation commentary

Analysts Set New Price Targets

A number of analysts have commented on the stock. Jefferies Financial Group lifted their target price 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. Piper Sandler lifted their price objective on Vita Coco from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Weiss Ratings upgraded Vita Coco from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $71.00 target price on shares of Vita Coco in a research note on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Vita Coco presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.00.

Insider Activity at Vita Coco

In other news, Chairman Michael Kirban sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $68.00, for a total value of $3,400,000.00. Following the completion of the transaction, the chairman owned 515,681 shares in the company, valued at $35,066,308. This represents a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ira Liran sold 96,158 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $79.14, for a total transaction of $7,609,944.12. Following the sale, the director directly owned 476,421 shares of the company’s stock, valued at $37,703,957.94. This represents a 16.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 596,950 shares of company stock worth $43,711,695. Corporate insiders own 12.90% of the company’s stock.

Hedge Funds Weigh In On Vita Coco

Large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted 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 grew its holdings in shares of Vita Coco by 12,633.3% during the third quarter. Quarry LP now owns 764 shares of the company’s stock worth $32,000 after buying an additional 758 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Vita Coco by 5,376.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $49,000 after buying an additional 1,344 shares during the last quarter. GAMMA Investing LLC raised its position in Vita Coco by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 1,134 shares of the company’s stock valued at $60,000 after buying an additional 227 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in Vita Coco by 265.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,319 shares of the company’s stock valued at $70,000 after acquiring an additional 958 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.

Vita Coco Trading Down 3.9%

The company has a 50 day simple moving average of $75.72 and a 200 day simple moving average of $62.22. The stock has a market cap of $4.09 billion, a P/E ratio of 52.55, a PEG ratio of 1.81 and a beta of 0.77.

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.