Calavo Growers (NASDAQ:CVGW) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday.

CVGW has been the topic of a number of other research reports. Zacks Investment Research raised Calavo Growers from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Buckingham Research reduced their price objective on Calavo Growers from $83.00 to $82.00 and set a “buy” rating on the stock in a research note on Friday, August 18th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $79.40.

Calavo Growers (CVGW) traded down $1.60 during trading on Thursday, reaching $72.40. The company’s stock had a trading volume of 123,614 shares, compared to its average volume of 158,527. The firm has a market capitalization of $1,324.63, a price-to-earnings ratio of 35.81 and a beta of 0.65. Calavo Growers has a one year low of $48.75 and a one year high of $77.89.

Calavo Growers (NASDAQ:CVGW) last posted its quarterly earnings data on Wednesday, September 6th. The company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. The company had revenue of $301.65 million for the quarter, compared to analyst estimates of $278.66 million. Calavo Growers had a return on equity of 16.07% and a net margin of 3.46%. The business’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.73 earnings per share. sell-side analysts anticipate that Calavo Growers will post 2.05 earnings per share for the current fiscal year.

In other news, insider James E. Snyder sold 750 shares of the company’s stock in a transaction 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 transaction, the insider now owns 11,095 shares of the company’s stock, valued at $778,758.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.90% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of CVGW. Vanguard Group Inc. lifted its stake in shares of Calavo Growers by 5.0% during the first quarter. Vanguard Group Inc. now owns 841,649 shares of the company’s stock valued at $51,004,000 after acquiring an additional 39,812 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Calavo Growers by 9.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 70,933 shares of the company’s stock valued at $4,299,000 after acquiring an additional 6,279 shares during the period. State Street Corp lifted its stake in shares of Calavo Growers by 7.7% during the first quarter. State Street Corp now owns 364,628 shares of the company’s stock valued at $22,092,000 after acquiring an additional 26,094 shares during the period. Bank of Montreal Can lifted its stake in shares of Calavo Growers by 25.9% during the second quarter. Bank of Montreal Can now owns 3,724 shares of the company’s stock valued at $257,000 after acquiring an additional 767 shares during the period. Finally, Aperio Group LLC acquired a new position in shares of Calavo Growers during the second quarter valued at $213,000. 92.22% of the stock is currently owned by institutional investors and hedge funds.

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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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