Calavo Growers, Inc. (CVGW) Director Sells $692,325.00 in Stock

Calavo Growers, Inc. (NASDAQ:CVGW) Director J Link Leavens sold 7,500 shares of the stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $92.31, for a total value of $692,325.00. Following the completion of the sale, the director now directly owns 92,528 shares in the company, valued at approximately $8,541,259.68. The transaction was disclosed in a document filed with the SEC, which is available through this link.

CVGW traded up $1.25 during trading on Tuesday, hitting $98.50. 123,686 shares of the stock were exchanged, compared to its average volume of 181,577. The firm has a market cap of $1,680.66, a price-to-earnings ratio of 45.66 and a beta of 0.64. Calavo Growers, Inc. has a 1-year low of $64.00 and a 1-year high of $98.75.

How to Become a New Pot Stock Millionaire

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings results on Wednesday, March 7th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.43 by $0.11. Calavo Growers had a return on equity of 16.95% and a net margin of 3.57%. The company had revenue of $247.90 million for the quarter, compared to analyst estimates of $272.89 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. sell-side analysts predict that Calavo Growers, Inc. will post 3.17 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the business. Chicago Equity Partners LLC grew its stake in shares of Calavo Growers by 3.6% in the 4th quarter. Chicago Equity Partners LLC now owns 16,995 shares of the company’s stock valued at $1,434,000 after purchasing an additional 595 shares during the last quarter. American International Group Inc. grew its stake in shares of Calavo Growers by 6.2% in the 3rd quarter. American International Group Inc. now owns 12,666 shares of the company’s stock valued at $927,000 after purchasing an additional 738 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Calavo Growers by 2.9% in the 3rd quarter. Legal & General Group Plc now owns 28,700 shares of the company’s stock valued at $2,101,000 after purchasing an additional 796 shares during the last quarter. Meadow Creek Investment Management LLC grew its stake in shares of Calavo Growers by 34.7% in the 4th quarter. Meadow Creek Investment Management LLC now owns 3,434 shares of the company’s stock valued at $290,000 after purchasing an additional 884 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Calavo Growers by 50.0% in the 3rd quarter. SG Americas Securities LLC now owns 2,774 shares of the company’s stock valued at $203,000 after purchasing an additional 925 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Several brokerages have recently weighed in on CVGW. BidaskClub raised Calavo Growers from a “hold” rating to a “buy” rating in a research report on Saturday. ValuEngine raised Calavo Growers from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Stephens raised their target price on Calavo Growers to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 21st. Buckingham Research reissued a “buy” rating and set a $95.00 target price (up previously from $88.00) on shares of Calavo Growers in a research report on Thursday, March 8th. Finally, Lake Street Capital set a $91.00 target price on Calavo Growers and gave the stock a “buy” rating in a research report on Thursday, March 8th. Six investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of $96.25.

TRADEMARK VIOLATION NOTICE: “Calavo Growers, Inc. (CVGW) Director Sells $692,325.00 in Stock” was published by Macon Daily and is the sole property of of Macon Daily. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://macondaily.com/2018/04/17/calavo-growers-inc-cvgw-director-j-link-leavens-sells-7500-shares-updated-updated.html.

Calavo Growers Company Profile

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to grocery retailers, food services, club stores, mass merchandisers, food distributors, wholesalers, supermarkets, specialty/natural retailers, and convenience stores worldwide. It operates in three segments: Fresh Products, Calavo Foods, and RFG.

Receive News & Ratings for Calavo Growers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calavo Growers and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply