Calavo Growers, Inc. (NASDAQ:CVGW)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $107.60 and last traded at $106.85, with a volume of 4860 shares traded. The stock had previously closed at $105.10.

A number of equities analysts have commented on the stock. Lake Street Capital set a $109.00 target price on shares of Calavo Growers and gave the stock a “buy” rating in a research note on Friday. Buckingham Research downgraded shares of Calavo Growers from a “buy” rating to a “neutral” rating and set a $98.00 target price on the stock. in a research note on Tuesday. They noted that the move was a valuation call. BidaskClub upgraded shares of Calavo Growers from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 25th. Zacks Investment Research upgraded shares of Calavo Growers from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Finally, Vertical Group downgraded shares of Calavo Growers from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Calavo Growers presently has a consensus rating of “Buy” and a consensus target price of $101.50.

The company has a market cap of $1.79 billion, a PE ratio of 50.07 and a beta of 0.53.

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings data on Wednesday, September 5th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.08. Calavo Growers had a net margin of 4.04% and a return on equity of 19.27%. The firm had revenue of $296.50 million for the quarter, compared to the consensus estimate of $305.12 million. During the same period last year, the firm earned $0.50 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. equities analysts forecast that Calavo Growers, Inc. will post 2.97 earnings per share for the current fiscal year.

In other news, Director Marc Laurence Brown sold 850 shares of the stock in a transaction that occurred on Friday, June 22nd. The shares were sold at an average price of $94.07, for a total transaction of $79,959.50. Following the transaction, the director now directly owns 11,500 shares in the company, valued at $1,081,805. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Robert J. Wedin sold 2,601 shares of the stock in a transaction that occurred on Friday, July 6th. The shares were sold at an average price of $98.37, for a total transaction of $255,860.37. Following the transaction, the vice president now owns 10,000 shares in the company, valued at $983,700. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,828 shares of company stock worth $1,885,664. Insiders own 8.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in shares of Calavo Growers by 1.9% during the first quarter. Legal & General Group Plc now owns 29,398 shares of the company’s stock valued at $2,699,000 after purchasing an additional 548 shares in the last quarter. Swiss National Bank boosted its stake in Calavo Growers by 2.2% in the first quarter. Swiss National Bank now owns 27,500 shares of the company’s stock valued at $2,536,000 after acquiring an additional 600 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Calavo Growers by 25.6% in the second quarter. Commonwealth Equity Services LLC now owns 3,408 shares of the company’s stock valued at $328,000 after acquiring an additional 694 shares in the last quarter. Rhumbline Advisers boosted its stake in Calavo Growers by 1.9% in the second quarter. Rhumbline Advisers now owns 38,112 shares of the company’s stock valued at $3,664,000 after acquiring an additional 703 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in Calavo Growers by 10.5% in the second quarter. OppenheimerFunds Inc. now owns 8,223 shares of the company’s stock valued at $791,000 after acquiring an additional 781 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Calavo Growers Company Profile (NASDAQ:CVGW)

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.

Recommended Story: Outstanding Shares, Buying and Selling Stocks

Receive News & Ratings for Calavo Growers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calavo Growers and related companies with MarketBeat.com's FREE daily email newsletter.