BidaskClub upgraded shares of Calavo Growers (NASDAQ:CVGW) from a hold rating to a buy rating in a report released on Thursday morning, BidAskClub reports.

Other research analysts have also recently issued research reports about the company. TheStreet upgraded Calavo Growers from a c rating to a b- rating in a research report on Monday, March 11th. Zacks Investment Research upgraded Calavo Growers from a hold rating to a buy rating and set a $101.00 price objective on the stock in a research report on Tuesday, April 9th. Vertical Group upgraded Calavo Growers from a hold rating to a buy rating and set a $96.00 price objective on the stock in a research report on Thursday, April 4th. Lake Street Capital set a $94.00 price objective on Calavo Growers and gave the stock 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 set an overweight rating and a $88.00 price objective on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Calavo Growers has a consensus rating of Buy and a consensus target price of $95.40.

CVGW stock opened at $93.33 on Thursday. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 37.48 and a beta of 0.94. Calavo Growers has a fifty-two week low of $67.52 and a fifty-two week high of $108.00.

Calavo Growers (NASDAQ:CVGW) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.24. The firm had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $257.86 million. Calavo Growers had a return on equity of 17.32% and a net margin of 2.70%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 EPS. On average, sell-side analysts forecast that Calavo Growers will post 3.17 earnings per share for the current fiscal year.

In other news, insider James E. Gibson sold 5,770 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $82.20, for a total transaction of $474,294.00. Following the sale, the insider now directly owns 52,150 shares of the company’s stock, valued at approximately $4,286,730. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider James E. Snyder sold 1,240 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $84.60, for a total value of $104,904.00. Following the sale, the insider now directly owns 8,319 shares in the company, valued at $703,787.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,437 shares of company stock worth $2,806,922. 7.30% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVGW. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 buying an additional 204 shares in the last quarter. We Are One Seven LLC acquired a new stake in Calavo Growers in the fourth quarter valued at about $95,000. Advisors Asset Management Inc. boosted its stake in Calavo Growers by 797.7% in the third quarter. Advisors Asset Management Inc. now owns 1,149 shares of the company’s stock valued at $111,000 after buying an additional 1,021 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Calavo Growers by 1,071.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,640 shares of the company’s stock valued at $120,000 after buying an additional 1,500 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in Calavo Growers in the fourth quarter valued at about $224,000. 88.80% of the stock is currently owned by institutional investors.

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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