Calavo Growers, Inc. (CVGW) Insider James E. Gibson Sells 10,000 Shares
Calavo Growers, Inc. (NASDAQ:CVGW) insider James E. Gibson sold 10,000 shares of the company’s stock in a transaction on Wednesday, December 26th. The stock was sold at an average price of $79.14, for a total value of $791,400.00. Following the sale, the insider now owns 61,991 shares of the company’s stock, valued at $4,905,967.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Calavo Growers, Inc. (NASDAQ CVGW) opened at $88.70 on Wednesday. Calavo Growers, Inc. has a 12 month low of $48.75 and a 12 month high of $89.55. The company has a market capitalization of $1,560.00, a price-to-earnings ratio of 41.64 and a beta of 0.65.
Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings results on Tuesday, December 19th. The company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.09. Calavo Growers had a return on equity of 16.01% and a net margin of 3.47%. The company had revenue of $277.20 million during the quarter, compared to analysts’ expectations of $297.40 million. During the same period in the prior year, the company earned $0.53 EPS. Calavo Growers’s revenue was up 11.9% compared to the same quarter last year. equities analysts expect that Calavo Growers, Inc. will post 2.82 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Pinebridge Investments L.P. lifted its stake in shares of Calavo Growers by 1.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,031 shares of the company’s stock valued at $140,000 after acquiring an additional 29 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Calavo Growers by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 29,938 shares of the company’s stock valued at $2,067,000 after acquiring an additional 106 shares during the last quarter. DF Dent & Co. Inc. lifted its stake in shares of Calavo Growers by 3.9% in the 2nd quarter. DF Dent & Co. Inc. now owns 5,967 shares of the company’s stock valued at $412,000 after acquiring an additional 224 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Calavo Growers by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,525 shares of the company’s stock valued at $864,000 after acquiring an additional 341 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Calavo Growers by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,444 shares of the company’s stock valued at $169,000 after acquiring an additional 367 shares during the last quarter. Institutional investors own 92.17% of the company’s stock.
Several equities research analysts have weighed in on the company. BidaskClub upgraded Calavo Growers from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Stephens upped their target price on Calavo Growers from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 20th. Lake Street Capital restated a “buy” rating and set a $91.00 target price (up from $76.00) on shares of Calavo Growers in a research note on Wednesday, December 20th. Finally, Zacks Investment Research upgraded Calavo Growers from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $88.00.
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About Calavo Growers
Calavo Growers, Inc operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).
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