Calavo Growers, Inc. (NASDAQ:CVGW) has been assigned an average rating of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $95.40.

A number of research firms have recently weighed in on CVGW. Zacks Investment Research raised Calavo Growers from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a report on Tuesday, April 9th. BidaskClub raised Calavo Growers from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. Vertical Group raised Calavo Growers from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a report on Thursday, April 4th. TheStreet raised Calavo Growers from a “c” rating to a “b-” rating in a report on Monday, March 11th. Finally, Lake Street Capital set a $94.00 price target on Calavo Growers and gave the stock a “buy” rating in a report on Friday, December 21st.

In other news, Director Marc Laurence Brown sold 1,000 shares of Calavo Growers stock in a transaction on Monday, March 18th. The stock was sold at an average price of $85.07, for a total value of $85,070.00. Following the completion of the sale, the director now owns 14,750 shares of the company’s stock, valued at $1,254,782.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider James E. Snyder sold 1,240 shares of Calavo Growers stock in a transaction on Monday, April 1st. The shares were sold at an average price of $84.60, for a total value of $104,904.00. Following the completion of the sale, the insider now directly owns 8,319 shares of the company’s stock, valued at approximately $703,787.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,437 shares of company stock valued at $2,806,922. Company insiders own 7.30% of the company’s stock.

Several large investors have recently made changes to their positions in CVGW. Bank of New York Mellon Corp raised its stake in Calavo Growers by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 438,400 shares of the company’s stock valued at $42,348,000 after purchasing an additional 3,930 shares during the last quarter. Martingale Asset Management L P raised its position in shares of Calavo Growers by 48.8% during the 3rd quarter. Martingale Asset Management L P now owns 24,405 shares of the company’s stock worth $2,358,000 after acquiring an additional 8,000 shares in the last quarter. BlackRock Inc. raised its position in shares of Calavo Growers by 3.3% during the 3rd quarter. BlackRock Inc. now owns 2,383,752 shares of the company’s stock worth $230,269,000 after acquiring an additional 77,148 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Calavo Growers by 70.8% during the 3rd quarter. Renaissance Technologies LLC now owns 80,100 shares of the company’s stock worth $7,738,000 after acquiring an additional 33,200 shares in the last quarter. Finally, MetLife Investment Advisors LLC raised its position in shares of Calavo Growers by 53.4% during the 3rd quarter. MetLife Investment Advisors LLC now owns 11,281 shares of the company’s stock worth $1,090,000 after acquiring an additional 3,928 shares in the last quarter. 88.80% of the stock is owned by institutional investors and hedge funds.

CVGW stock traded down $0.73 during midday trading on Friday, hitting $92.57. 7,139 shares of the stock were exchanged, compared to its average volume of 151,573. The stock has a market cap of $1.63 billion, a PE ratio of 37.18 and a beta of 0.94. Calavo Growers has a fifty-two week low of $67.52 and a fifty-two week high of $108.00.

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.24. Calavo Growers had a return on equity of 17.32% and a net margin of 2.70%. The company had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $257.86 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Calavo Growers will post 3.17 EPS for the current year.

About Calavo Growers

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers. It operates in three segments: Fresh Products, Calavo Foods, and RFG. The Fresh products segment distributes avocados and other fresh produce products; and procures avocados grown in California, Mexico, and Peru, as well as various other commodities, including tomatoes and papayas.

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