Insider Selling: Calavo Growers, Inc. (CVGW) Director Sells $104,511.00 in Stock

Calavo Growers, Inc. (NASDAQ:CVGW) Director Der Kar Scott Van sold 1,100 shares of Calavo Growers stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $95.01, for a total transaction of $104,511.00. Following the completion of the transaction, the director now directly owns 650 shares in the company, valued at approximately $61,756.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Calavo Growers stock opened at $95.00 on Monday. The company has a market capitalization of $1.67 billion, a PE ratio of 44.60 and a beta of 0.62. Calavo Growers, Inc. has a fifty-two week low of $65.75 and a fifty-two week high of $98.85.

Calavo Growers (NASDAQ:CVGW) last released its earnings results on Wednesday, June 6th. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.01). The firm had revenue of $264.40 million during the quarter, compared to analysts’ expectations of $301.20 million. Calavo Growers had a return on equity of 16.89% and a net margin of 3.70%. The business’s revenue was down 2.1% on a year-over-year basis. During the same period last year, the business earned $0.74 earnings per share. research analysts predict that Calavo Growers, Inc. will post 2.97 EPS for the current year.

Several equities analysts have recently issued reports on the stock. BidaskClub raised shares of Calavo Growers from a “sell” rating to a “hold” rating in a research note on Tuesday, June 19th. Zacks Investment Research cut shares of Calavo Growers from a “hold” rating to a “sell” rating in a research note on Friday, June 15th. Buckingham Research lifted their price objective on shares of Calavo Growers from $95.00 to $101.00 and gave the stock a “buy” rating in a research note on Tuesday, June 5th. ValuEngine raised shares of Calavo Growers from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Stephens lifted their price objective on shares of Calavo Growers to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Calavo Growers presently has an average rating of “Buy” and a consensus target price of $97.75.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Calavo Growers by 3.6% in the first quarter. BlackRock Inc. now owns 2,075,229 shares of the company’s stock worth $191,337,000 after acquiring an additional 73,027 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Calavo Growers by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 655,329 shares of the company’s stock worth $60,421,000 after acquiring an additional 9,057 shares in the last quarter. Cardinal Capital Management LLC CT increased its position in shares of Calavo Growers by 3.5% in the first quarter. Cardinal Capital Management LLC CT now owns 485,113 shares of the company’s stock worth $44,728,000 after acquiring an additional 16,255 shares in the last quarter. Freshford Capital Management LLC increased its position in shares of Calavo Growers by 35.0% in the fourth quarter. Freshford Capital Management LLC now owns 326,703 shares of the company’s stock worth $27,574,000 after acquiring an additional 84,746 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Calavo Growers by 448.5% in the first quarter. Victory Capital Management Inc. now owns 290,379 shares of the company’s stock worth $26,773,000 after acquiring an additional 237,435 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Calavo Growers (NASDAQ:CVGW)

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