The IBD SmartSelect Composite Rating for Vital Farms increased from 94 to 96 Friday.
The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The market's biggest winners often have a 95 or higher grade in the early stages of a new price run, so that's a good item to have on your checklist 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% above average.
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The stock has an 80 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 80% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company posted 60% earnings-per-share growth. Revenue growth fell to 31%, down from 38% in the prior quarter.
Vital Farms holds the No. 1 rank among its peers in the Food-Meat Products industry group. Cal-Maine Foods and Pilgrim's Pride are also among the group's highest-rated stocks.
