Calavo Growers (NASDAQ:CVGW) reached a new 52-week high and low on Tuesday . The company traded as low as $98.25 and last traded at $98.30, with a volume of 66273 shares. The stock had previously closed at $97.25.
A number of equities research analysts recently weighed in on CVGW shares. BidaskClub downgraded Calavo Growers from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 28th. ValuEngine raised Calavo Growers from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research raised Calavo Growers from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research report on Tuesday, February 27th. Stephens lifted their target price on Calavo Growers from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 20th. Finally, Lake Street Capital reissued a “buy” rating and set a $91.00 target price (up from $76.00) on shares of Calavo Growers in a research report on Wednesday, December 20th. Six equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of $96.25.
The company has a market capitalization of $1,728.03, a P/E ratio of 41.56 and a beta of 0.64.
Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings results on Wednesday, March 7th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.11. The firm had revenue of $247.90 million during the quarter, compared to analysts’ expectations of $272.89 million. Calavo Growers had a net margin of 3.57% and a return on equity of 16.95%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share. equities research analysts anticipate that Calavo Growers will post 3.17 earnings per share for the current year.
In other Calavo Growers news, Director J Link Leavens sold 7,500 shares of the firm’s stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $92.31, for a total transaction of $692,325.00. Following the completion of the transaction, the director now owns 92,528 shares in the company, valued at $8,541,259.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Michael A. Browne sold 6,500 shares of the firm’s stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $92.15, for a total transaction of $598,975.00. Following the transaction, the vice president now owns 13,117 shares of the company’s stock, valued at approximately $1,208,731.55. The disclosure for this sale can be found here. 8.40% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of Calavo Growers by 16.9% in the third quarter. JPMorgan Chase & Co. now owns 52,013 shares of the company’s stock valued at $3,787,000 after acquiring an additional 7,523 shares during the last quarter. Creative Planning bought a new position in shares of Calavo Growers in the fourth quarter valued at approximately $248,000. Swiss National Bank raised its stake in shares of Calavo Growers by 4.3% in the fourth quarter. Swiss National Bank now owns 26,900 shares of the company’s stock valued at $2,270,000 after acquiring an additional 1,100 shares during the last quarter. Koch Industries Inc. bought a new position in shares of Calavo Growers in the fourth quarter valued at approximately $217,000. Finally, Probabilities Fund Management LLC bought a new position in shares of Calavo Growers in the fourth quarter valued at approximately $885,000. Institutional investors own 90.23% 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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