On Wednesday, Vital Farms got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. 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 now out of buy range after clearing the 18.18 buy point in a cup without handle.
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The stock sports an 82 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 82% of all stocks.
Its Accumulation/Distribution Rating of D- shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
In Q2, the company reported 140% earnings growth. Top line growth climbed 38%, up from 24% in the prior quarter. The company has now posted increasing growth in each of the last three quarters. The company's next quarterly report is expected on or around Nov. 7.
Vital Farms holds the No. 1 rank among its peers in the Food-Meat Products industry group. Pilgrim's Pride and Cal-Maine Foods are also among the group's highest-rated stocks.
