BidaskClub upgraded shares of Calavo Growers (NASDAQ:CVGW) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

A number of other brokerages have also issued reports on CVGW. Lake Street Capital reissued a buy rating and issued a $91.00 price objective (up from $76.00) on shares of Calavo Growers in a report on Wednesday, December 20th. Buckingham Research reissued a buy rating and issued a $95.00 price objective (up from $88.00) on shares of Calavo Growers in a report on Thursday, March 8th. ValuEngine raised Calavo Growers from a hold rating to a buy rating in a report on Monday, April 2nd. Stephens increased their price objective on Calavo Growers from $85.00 to $100.00 and gave the stock an overweight rating in a report on Wednesday, December 20th. Finally, Zacks Investment Research raised Calavo Growers from a hold rating to a buy rating and set a $99.00 price objective for the company in a report on Tuesday, February 27th. Six analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and an average target price of $96.25.

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Shares of CVGW stock opened at $97.25 on Friday. Calavo Growers has a 12-month low of $63.80 and a 12-month high of $97.83. The company has a market capitalization of $1,680.66, a P/E ratio of 45.66 and a beta of 0.64.

Calavo Growers (NASDAQ:CVGW) last issued its quarterly earnings data on Wednesday, March 7th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.11. Calavo Growers had a return on equity of 16.95% and a net margin of 3.57%. The business had revenue of $247.90 million during the quarter, compared to analyst estimates of $272.89 million. During the same period in the prior year, the company posted $0.34 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. analysts anticipate that Calavo Growers will post 3.17 earnings per share for the current fiscal year.

In other Calavo Growers news, Director J Link Leavens sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $92.31, for a total value of $692,325.00. Following the completion of the sale, the director now directly owns 92,528 shares in the company, valued at $8,541,259.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael A. Browne sold 6,500 shares of the company’s stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $92.15, for a total value of $598,975.00. Following the completion of the sale, the vice president now owns 13,117 shares of the company’s stock, valued at $1,208,731.55. The disclosure for this sale can be found here. Corporate insiders own 8.40% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its position in Calavo Growers by 50.0% in the third quarter. SG Americas Securities LLC now owns 2,774 shares of the company’s stock worth $203,000 after purchasing an additional 925 shares during the period. Ellington Management Group LLC acquired a new stake in Calavo Growers in the fourth quarter worth approximately $203,000. AMP Capital Investors Ltd acquired a new stake in Calavo Growers in the fourth quarter worth approximately $211,000. Koch Industries Inc. acquired a new stake in Calavo Growers in the fourth quarter worth approximately $217,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in Calavo Growers in the fourth quarter worth approximately $224,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

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About Calavo Growers

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to grocery retailers, food services, club stores, mass merchandisers, food distributors, wholesalers, supermarkets, specialty/natural retailers, and convenience stores worldwide. It operates in three segments: Fresh Products, Calavo Foods, and RFG.

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