Calavo Growers, Inc. (NASDAQ:CVGW) CFO Bruce John Lindeman Sells 2,500 Shares
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 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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