BidaskClub lowered shares of Calavo Growers (NASDAQ:CVGW) from a buy rating to a hold rating in a research report released on Tuesday morning.
A number of other research analysts also recently issued reports on the company. Buckingham Research restated a buy rating and issued a $95.00 price objective (up previously from $88.00) on shares of Calavo Growers in a research note on Thursday, March 8th. Lake Street Capital set a $91.00 price objective on Calavo Growers and gave the company a buy rating in a research note on Thursday, March 8th. Zacks Investment Research upgraded Calavo Growers from a hold rating to a buy rating and set a $99.00 price target for the company in a research note on Tuesday, February 27th. Finally, Stephens increased their price target on Calavo Growers from $85.00 to $100.00 and gave the stock an overweight rating in a research note on Wednesday, December 20th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Calavo Growers presently has a consensus rating of Buy and an average price target of $96.25.
Calavo Growers (NASDAQ CVGW) opened at $90.95 on Tuesday. The stock has a market capitalization of $1,600.84, a price-to-earnings ratio of 40.60 and a beta of 0.69. Calavo Growers has a 12 month low of $57.05 and a 12 month high of $95.75.
Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings data on Wednesday, March 7th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.11. The firm had revenue of $247.90 million during the quarter, compared to the consensus estimate of $272.89 million. Calavo Growers had a return on equity of 16.95% and a net margin of 3.57%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. equities analysts forecast that Calavo Growers will post 3.14 earnings per share for the current year.
In other news, insider James E. Gibson sold 10,000 shares of the stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $79.14, for a total transaction of $791,400.00. Following the completion of the transaction, the insider now owns 61,991 shares in the company, valued at approximately $4,905,967.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marc Laurence Brown sold 1,000 shares of the stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $85.05, for a total value of $85,050.00. Following the transaction, the director now owns 9,600 shares of the company’s stock, valued at approximately $816,480. The disclosure for this sale can be found here. 8.40% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC grew its stake in shares of Calavo Growers by 50.0% during the 3rd quarter. SG Americas Securities LLC now owns 2,774 shares of the company’s stock worth $203,000 after acquiring an additional 925 shares during the period. Ellington Management Group LLC purchased a new stake in Calavo Growers during the 4th quarter worth about $203,000. AMP Capital Investors Ltd purchased a new stake in Calavo Growers during the 4th quarter worth about $211,000. Koch Industries Inc. purchased a new stake in Calavo Growers during the 4th quarter worth about $217,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in Calavo Growers during the 4th quarter worth about $224,000. Institutional investors own 89.78% of the company’s stock.
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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.
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