NEW YORK (TheStreet) -- Shares of WhiteWave Foods Co (WWAV) are soaring, up 6.47% to $46.55 on heavy volume in midday trading Friday, after the company released better than expected first quarter 2015 earnings results earlier today.
TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio says, "Don't forget, this company is much coveted by all of the non-natural non-organic companies in the space. It is just a matter of time."
"Meanwhile we haven't even seen China kick in, which is why we are so big on it for Action Alerts PLUS to begin with!" Cramer added.
For the first quarter, WhiteWave Foods earned 24 cents per share on revenue of $911 million.
The consensus estimate called for earnings of 22 cents per share on revenue of $911.09 million for the quarter, according to analysts polled by Thomson Reuters.
Looking ahead, the company raised its full year 2015 earnings forecast to between $1.10 per share to $1.14 per share. Wall Street is expecting 2015 earnings of $1.11 per share.
About 2.02 million shares have exchanged hands as of 11:20 a.m. ET today, compared to its average trading volume of about 1.6 million shares a day.
Despite the meaningful premium already afforded to WWAV shares and the largely positive sentiment on the name, we nonetheless believe the solid 1Q 2015 results and guidance further highlight the scarcity value of the company's growth profile, particularly in the context of a mostly disappointing food company earnings season. Our target is $50.