Calavo Growers, Inc. (NASDAQ:CVGW) Director Michael Anthony Digregorio sold 1,750 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 11,750 shares in the company, valued at $987,235. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
NASDAQ:CVGW traded up $0.74 during trading hours on Friday, reaching $85.96. The company had a trading volume of 332,800 shares, compared to its average volume of 170,527. Calavo Growers, Inc. has a one year low of $67.52 and a one year high of $108.00. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 34.52 and a beta of 0.94.
Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.24. Calavo Growers had a return on equity of 17.32% and a net margin of 2.70%. The firm had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $257.86 million. During the same period in the prior year, the business posted $0.54 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. Equities research analysts forecast that Calavo Growers, Inc. will post 3.12 earnings per share for the current fiscal year.
A number of research firms have recently issued reports on CVGW. Zacks Investment Research upgraded Calavo Growers from a “sell” rating to a “hold” rating in a research report on Tuesday, November 20th. TheStreet upgraded Calavo Growers from a “c” rating to a “b-” rating in a research report on Monday. BidaskClub upgraded Calavo Growers from a “hold” rating to a “buy” rating in a research report on Friday, November 23rd. Lake Street Capital set a $94.00 price target on Calavo Growers and gave the company a “buy” rating in a research report on Friday, December 21st. Finally, Stephens began coverage on Calavo Growers in a research report on Tuesday, January 8th. They issued an “overweight” rating and a $88.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $93.33.
Large investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Calavo Growers by 26.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 969 shares of the company’s stock valued at $71,000 after acquiring an additional 204 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Calavo Growers by 797.7% during the third quarter. Advisors Asset Management Inc. now owns 1,149 shares of the company’s stock worth $111,000 after purchasing an additional 1,021 shares during the last quarter. We Are One Seven LLC bought a new stake in shares of Calavo Growers during the fourth quarter worth $95,000. Nisa Investment Advisors LLC grew its holdings in shares of Calavo Growers by 1,071.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,640 shares of the company’s stock worth $120,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Paloma Partners Management Co bought a new stake in shares of Calavo Growers during the fourth quarter worth $224,000. Hedge funds and other institutional investors own 88.26% 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 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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