Calavo Growers, Inc. (NASDAQ:CVGW) Shares Bought by Jackson Square Capital LLC

Jackson Square Capital LLC boosted its stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 13.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,792 shares of the company’s stock after buying an additional 3,478 shares during the quarter. Jackson Square Capital LLC owned 0.17% of Calavo Growers worth $760,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the business. Nuance Investments LLC boosted its position in Calavo Growers by 25.1% during the third quarter. Nuance Investments LLC now owns 1,636,969 shares of the company’s stock worth $46,703,000 after acquiring an additional 328,820 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Calavo Growers by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 718,914 shares of the company’s stock worth $16,319,000 after purchasing an additional 9,034 shares during the period. Deprince Race & Zollo Inc. raised its stake in Calavo Growers by 40.7% during the second quarter. Deprince Race & Zollo Inc. now owns 356,319 shares of the company’s stock worth $8,088,000 after purchasing an additional 103,024 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in Calavo Growers by 1.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 267,268 shares of the company’s stock worth $7,625,000 after purchasing an additional 4,307 shares during the period. Finally, Jane Street Group LLC raised its stake in Calavo Growers by 215.5% during the third quarter. Jane Street Group LLC now owns 262,626 shares of the company’s stock worth $7,493,000 after purchasing an additional 179,395 shares during the period. 81.30% of the stock is currently owned by institutional investors and hedge funds.

Calavo Growers Stock Performance

Shares of CVGW stock opened at $24.69 on Friday. Calavo Growers, Inc. has a 52 week low of $20.30 and a 52 week high of $31.26. The company has a market cap of $439.48 million, a PE ratio of -49.38 and a beta of 0.59. The company has a current ratio of 2.04, a quick ratio of 1.77 and a debt-to-equity ratio of 0.18. The company’s fifty day simple moving average is $26.02 and its 200-day simple moving average is $25.68.

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings results on Tuesday, January 14th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.25). The firm had revenue of $169.96 million for the quarter, compared to analysts’ expectations of $161.99 million. Calavo Growers had a positive return on equity of 6.35% and a negative net margin of 1.21%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the firm earned ($0.33) EPS. As a group, equities research analysts anticipate that Calavo Growers, Inc. will post 1.31 EPS for the current year.

Calavo Growers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Friday, January 10th. Calavo Growers’s payout ratio is currently -160.00%.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital cut their price target on shares of Calavo Growers from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday.

Calavo Growers 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 worldwide. It operates through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.