Vital Farms saw its IBD SmartSelect Composite Rating jump to 96 Friday, up from 94 the day before.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Vital Farms is currently forming a double bottom, with a 41.57 buy point. See if the stock can break out in heavy trade at least 40% higher than normal.
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The stock earns an 80 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 80% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
The company reported a 60% earnings-per-share gain for Q3. Top line growth came in at 31%, down from 38% in the prior quarter.
Vital Farms earns the No. 2 rank among its peers in the Food-Meat Products industry group. Cal-Maine Foods is the No. 1-ranked stock within the group.
