Vita Coco Company Inc. - COCO

Customers A&B for the beat

I must admit I was expecting something of a miss from these folks prior to their earnings announcement.  I mean, at the start of the year, which is after their quarter closed, you saw one analyst after another either downgrading the stock and lowering their price target or keeping their rating but lowering their price target.  William Blair downgrades.  Piper Sandler maintains overweight but lowers target price.  Goldman Sachs maintains buy but lowers target price. 

At the close of the quarter someone at the company had to be leaking to their analyst followers, and the followers were only too happy to cut their expectations.  What else could it be, right?  Unless all the analysts were subscribing to the same channel checking service or just playing copycat, of course.

The stock reacted accordingly, declining over the next several weeks from around $26 to some recent lows under $20 a share and making yours truly feel at least somewhat smart.