Calavo Growers, Inc. (NASDAQ:CVGW) hit a new 52-week high during trading on Wednesday . The stock traded as high as $77.15 and last traded at $75.70, with a volume of 133000 shares trading hands. The stock had previously closed at $74.15.

Several equities research analysts recently commented on the company. Buckingham Research dropped their target price on Calavo Growers from $83.00 to $82.00 and set a “buy” rating on the stock in a report on Friday, August 18th. Zacks Investment Research upgraded Calavo Growers from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $79.40.

The company has a market cap of $1,311.48, a price-to-earnings ratio of 35.45 and a beta of 0.65.

Calavo Growers (NASDAQ:CVGW) last announced its earnings results on Wednesday, September 6th. The company reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. Calavo Growers had a return on equity of 16.07% and a net margin of 3.46%. The business had revenue of $301.65 million for the quarter, compared to the consensus estimate of $278.66 million. During the same period last year, the business posted $0.73 EPS. The company’s revenue was up 14.6% on a year-over-year basis. equities research analysts expect that Calavo Growers, Inc. will post 2.05 earnings per share for the current year.

The firm also recently disclosed an annual dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.95 per share. This represents a yield of 1.29%. The ex-dividend date of this dividend is Thursday, November 16th. This is a positive change from Calavo Growers’s previous annual dividend of $0.90. Calavo Growers’s dividend payout ratio (DPR) is 45.89%.

In other Calavo Growers news, insider James E. Snyder sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $70.19, for a total transaction of $52,642.50. Following the completion of the sale, the insider now owns 11,095 shares in the company, valued at approximately $778,758.05. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 9.90% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Alliancebernstein L.P. grew its stake in Calavo Growers by 5.5% during the 2nd quarter. Alliancebernstein L.P. now owns 21,200 shares of the company’s stock valued at $1,464,000 after purchasing an additional 1,100 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Calavo Growers in the 2nd quarter worth approximately $230,000. Great West Life Assurance Co. Can grew its position in shares of Calavo Growers by 3.7% in the 2nd quarter. Great West Life Assurance Co. Can now owns 22,328 shares of the company’s stock worth $1,540,000 after acquiring an additional 800 shares in the last quarter. Renaissance Group LLC grew its position in shares of Calavo Growers by 1.2% in the 2nd quarter. Renaissance Group LLC now owns 5,762 shares of the company’s stock worth $398,000 after acquiring an additional 68 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Calavo Growers by 62.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,527 shares of the company’s stock worth $244,000 after acquiring an additional 1,358 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

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Calavo Growers Company Profile

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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