Shares of Calavo Growers, Inc. (NASDAQ:CVGW) have been given an average rating of “Hold” by the seven research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $97.33.
Several brokerages recently issued reports on CVGW. BidaskClub raised shares of Calavo Growers from a “hold” rating to a “buy” rating in a research note on Saturday, April 14th. Vertical Group downgraded shares of Calavo Growers from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Zacks Investment Research downgraded shares of Calavo Growers from a “hold” rating to a “sell” rating in a research note on Friday, June 15th. Finally, Buckingham Research upped their price objective on shares of Calavo Growers from $95.00 to $101.00 and gave the company a “buy” rating in a research note on Tuesday, June 5th.
In other Calavo Growers news, VP Robert J. Wedin sold 2,601 shares of the stock in a transaction that occurred on Friday, July 6th. The shares were sold at an average price of $98.37, for a total transaction of $255,860.37. Following the transaction, the vice president now owns 10,000 shares of the company’s stock, valued at $983,700. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Robert J. Wedin sold 6,016 shares of the stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $83.76, for a total transaction of $503,900.16. Following the transaction, the vice president now directly owns 12,601 shares in the company, valued at approximately $1,055,459.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,844 shares of company stock worth $2,289,564. 8.40% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the business. We Are One Seven LLC increased its position in shares of Calavo Growers by 799.4% in the first quarter. We Are One Seven LLC now owns 1,430 shares of the company’s stock worth $132,000 after acquiring an additional 1,271 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Calavo Growers in the first quarter worth $142,000. Cim LLC acquired a new stake in shares of Calavo Growers in the second quarter worth $206,000. Amalgamated Bank acquired a new stake in shares of Calavo Growers in the first quarter worth $212,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Calavo Growers in the second quarter worth $231,000. 88.63% of the stock is currently owned by institutional investors.
Shares of Calavo Growers traded up $1.55, hitting $98.00, on Friday, according to MarketBeat. 155,011 shares of the stock traded hands, compared to its average volume of 97,964. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 39.69 and a beta of 0.56. Calavo Growers has a 1 year low of $65.85 and a 1 year high of $99.00.
Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings data on Wednesday, June 6th. The company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). The firm had revenue of $264.40 million for the quarter, compared to analysts’ expectations of $301.20 million. Calavo Growers had a net margin of 3.70% and a return on equity of 16.89%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 EPS. equities research analysts expect that Calavo Growers will post 2.97 earnings per share for the current fiscal year.
About Calavo Growers
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.
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