Calavo Growers, Inc. (NASDAQ:CVGW) CFO Bruce John Lindeman sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $85.25, for a total transaction of $213,125.00. Following the completion of the transaction, the chief financial officer now directly owns 13,800 shares in the company, valued at approximately $1,176,450. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

NASDAQ CVGW traded up $0.47 during trading on Friday, reaching $82.84. 118,552 shares of the company’s stock traded hands, compared to its average volume of 203,265. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.41 and a quick ratio of 1.00. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 27.43 and a beta of 1.07. The company’s 50 day simple moving average is $88.86 and its two-hundred day simple moving average is $90.75. Calavo Growers, Inc. has a 12-month low of $75.78 and a 12-month high of $100.58.

Calavo Growers (NASDAQ:CVGW) last posted its earnings results on Thursday, December 19th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $292.20 million for the quarter, compared to the consensus estimate of $297.45 million. Calavo Growers had a net margin of 3.06% and a return on equity of 18.59%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 EPS. Research analysts expect that Calavo Growers, Inc. will post 3.64 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE increased its position in Calavo Growers by 2.6% during the 2nd quarter. US Bancorp DE now owns 6,927 shares of the company’s stock valued at $671,000 after purchasing an additional 173 shares during the period. Brinker Capital Inc. increased its position in Calavo Growers by 4.6% during the 3rd quarter. Brinker Capital Inc. now owns 4,178 shares of the company’s stock valued at $398,000 after purchasing an additional 184 shares during the period. Louisiana State Employees Retirement System increased its position in Calavo Growers by 3.4% during the 3rd quarter. Louisiana State Employees Retirement System now owns 6,000 shares of the company’s stock valued at $571,000 after purchasing an additional 200 shares during the period. Comerica Bank increased its position in Calavo Growers by 1.3% during the 3rd quarter. Comerica Bank now owns 16,674 shares of the company’s stock valued at $1,512,000 after purchasing an additional 221 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its position in Calavo Growers by 5.4% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 4,910 shares of the company’s stock valued at $467,000 after purchasing an additional 250 shares during the period. 90.96% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have commented on CVGW. BidaskClub downgraded shares of Calavo Growers from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Zacks Investment Research raised shares of Calavo Growers from a “sell” rating to a “hold” rating and set a $95.00 target price on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $98.33.

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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Insider Buying and Selling by Quarter for Calavo Growers (NASDAQ:CVGW)

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