Calavo Growers Inc. (NASDAQ:CVGW) Director Marc Laurence Brown sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $68.86, for a total value of $68,860.00. Following the transaction, the director now owns 9,250 shares of the company’s stock, valued at approximately $636,955. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Calavo Growers Inc. (NASDAQ:CVGW) opened at 67.79 on Friday. The stock has a 50 day moving average price of $63.67 and a 200 day moving average price of $60.96. Calavo Growers Inc. has a 1-year low of $43.08 and a 1-year high of $71.48. The firm has a market capitalization of $1.18 billion, a PE ratio of 35.11 and a beta of 0.51.
Calavo Growers (NASDAQ:CVGW) last posted its earnings results on Wednesday, September 7th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.59 by $0.14. Calavo Growers had a return on equity of 16.80% and a net margin of 3.75%. The company had revenue of $263.15 million for the quarter, compared to the consensus estimate of $243.80 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities research analysts anticipate that Calavo Growers Inc. will post $2.11 earnings per share for the current fiscal year.
Several equities analysts recently commented on the company. DA Davidson set a $65.00 target price on Calavo Growers and gave the stock a “hold” rating in a research report on Sunday, August 28th. Zacks Investment Research upgraded Calavo Growers from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Tuesday, June 7th. Lake Street Capital reiterated a “buy” rating on shares of Calavo Growers in a research report on Monday, June 6th. Stephens lifted their price objective on Calavo Growers from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, August 25th. Finally, Wunderlich began coverage on Calavo Growers in a research report on Wednesday, June 22nd. They issued a “buy” rating and a $75.00 price objective for the company. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $65.69.
Several institutional investors have recently bought and sold shares of the stock. Barclays PLC increased its position in Calavo Growers by 48.4% in the second quarter. Barclays PLC now owns 1,800 shares of the company’s stock valued at $121,000 after buying an additional 587 shares during the last quarter. PineBridge Investments L.P. increased its stake in shares of Calavo Growers by 6.3% in the second quarter. PineBridge Investments L.P. now owns 1,879 shares of the company’s stock worth $126,000 after buying an additional 111 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Calavo Growers by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 2,059 shares of the company’s stock worth $138,000 after buying an additional 252 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Calavo Growers by 1,032.0% in the second quarter. Cubist Systematic Strategies LLC now owns 2,264 shares of the company’s stock worth $152,000 after buying an additional 2,064 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Calavo Growers during the second quarter worth about $175,000. 63.25% of the stock is currently owned by institutional investors.
Calavo Growers Company Profile
Calavo Growers, Inc (Calavo) is a provider of fresh food. The Company is engaged in the marketing and distribution of avocados, prepared avocados and other perishable foods. It also delivers an array of fresh and prepared food products to food distributors, produce wholesalers, supermarkets, convenience stores and restaurants.
Receive News & Ratings for Calavo Growers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calavo Growers Inc. and related companies with MarketBeat.com's FREE daily email newsletter.