Calavo Growers Inc. (CVGW) Director Sells $979,260.00 in Stock
Calavo Growers Inc. (NASDAQ:CVGW) Director John M. Hunt sold 14,250 shares of the stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $68.72, for a total value of $979,260.00. Following the completion of the sale, the director now owns 38,000 shares of the company’s stock, valued at $2,611,360. The sale was disclosed in a filing with the SEC, which is available at this link.
Calavo Growers Inc. (NASDAQ:CVGW) opened at 68.07 on Wednesday. Calavo Growers Inc. has a 12 month low of $43.08 and a 12 month high of $71.48. The company has a market cap of $1.19 billion, a PE ratio of 35.25 and a beta of 0.51. The stock’s 50 day moving average is $63.55 and its 200 day moving average is $60.86.
Calavo Growers (NASDAQ:CVGW) last issued its earnings results on Wednesday, September 7th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.14. The company earned $263.15 million during the quarter, compared to analyst estimates of $243.80 million. Calavo Growers had a net margin of 3.75% and a return on equity of 16.80%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. Equities analysts predict that Calavo Growers Inc. will post $2.11 earnings per share for the current year.
Several analysts recently issued reports on the company. DA Davidson set a $65.00 price target on Calavo Growers and gave the company a “hold” rating in a report on Sunday, August 28th. Zacks Investment Research downgraded Calavo Growers from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Stephens downgraded Calavo Growers from an “overweight” rating to an “equal weight” rating in a report on Tuesday, August 9th. Lake Street Capital reiterated a “buy” rating on shares of Calavo Growers in a report on Monday, June 6th. Finally, Wunderlich started coverage on Calavo Growers in a research note on Wednesday, June 22nd. They set a “buy” rating and a $75.00 target price for the company. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $65.69.
Several large investors have recently modified their holdings of CVGW. Barclays PLC raised its stake in shares of Calavo Growers by 48.4% in the second quarter. Barclays PLC now owns 1,800 shares of the company’s stock worth $121,000 after buying an additional 587 shares during the period. PineBridge Investments L.P. raised its stake in shares of Calavo Growers by 6.3% in the second quarter. PineBridge Investments L.P. now owns 1,879 shares of the company’s stock worth $126,000 after buying an additional 111 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Calavo Growers by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 2,059 shares of the company’s stock worth $138,000 after buying an additional 252 shares during the period. Cubist Systematic Strategies LLC raised its stake in shares of Calavo Growers by 1,032.0% in the second quarter. Cubist Systematic Strategies LLC now owns 2,264 shares of the company’s stock worth $152,000 after buying an additional 2,064 shares during the period. Finally, Bank of Montreal Can bought a new stake in shares of Calavo Growers during the second quarter worth about $175,000. 63.25% of the stock is owned by institutional investors.
Calavo Growers Company Profile
Calavo Growers, Inc (Calavo) is a provider of fresh food. The Company is engaged in the marketing and distribution of avocados, prepared avocados and other perishable foods. It also delivers an array of fresh and prepared food products to food distributors, produce wholesalers, supermarkets, convenience stores and restaurants.
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