CVGW has been the topic of a number of other reports. BidaskClub raised Calavo Growers from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. TheStreet raised Calavo Growers from a “c” rating to a “b-” rating in a research report on Monday, March 11th. Stephens began coverage on Calavo Growers in a research report on Tuesday, January 8th. They set an “overweight” rating and a $88.00 target price on the stock. Vertical Group raised Calavo Growers from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research report on Thursday, April 4th. Finally, Zacks Investment Research raised Calavo Growers from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $95.40.
Shares of Calavo Growers stock traded up $1.90 during trading on Wednesday, hitting $95.50. The stock had a trading volume of 143,700 shares, compared to its average volume of 161,503. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 38.35 and a beta of 0.94. Calavo Growers has a fifty-two week low of $67.52 and a fifty-two week high of $108.00.
Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.24. The business had revenue of $258.00 million during the quarter, compared to analyst estimates of $257.86 million. Calavo Growers had a return on equity of 17.32% and a net margin of 2.70%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 earnings per share. As a group, equities research analysts expect that Calavo Growers will post 3.17 EPS for the current year.
In related news, VP Michael A. Browne sold 3,677 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $82.79, for a total transaction of $304,418.83. Following the transaction, the vice president now directly owns 9,884 shares of the company’s stock, valued at $818,296.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Anthony Digregorio sold 1,750 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $84.02, for a total value of $147,035.00. Following the transaction, the director now directly owns 11,750 shares in the company, valued at $987,235. The disclosure for this sale can be found here. Insiders have sold 33,437 shares of company stock worth $2,806,922 over the last ninety days. 7.30% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of CVGW. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Calavo Growers by 26.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 969 shares of the company’s stock valued at $71,000 after buying an additional 204 shares during the period. We Are One Seven LLC acquired a new position in Calavo Growers during the fourth quarter valued at $95,000. Advisors Asset Management Inc. raised its position in Calavo Growers by 797.7% during the third quarter. Advisors Asset Management Inc. now owns 1,149 shares of the company’s stock valued at $111,000 after buying an additional 1,021 shares during the period. Nisa Investment Advisors LLC raised its position in Calavo Growers by 1,071.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,640 shares of the company’s stock valued at $120,000 after buying an additional 1,500 shares during the period. Finally, Paloma Partners Management Co acquired a new position in Calavo Growers during the fourth quarter valued at $224,000. 88.80% of the stock is currently owned by hedge funds and other institutional investors.
Calavo Growers Company Profile
Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers. It operates in three segments: Fresh Products, Calavo Foods, and RFG. The Fresh products segment distributes avocados and other fresh produce products; and procures avocados grown in California, Mexico, and Peru, as well as various other commodities, including tomatoes and papayas.
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