Calavo Growers (NASDAQ:CVGW) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Monday, BidAskClub reports.

Other analysts also recently issued reports about the company. Lake Street Capital upped their price objective on Calavo Growers from $94.00 to $104.00 in a research note on Friday, June 7th. Zacks Investment Research upgraded Calavo Growers from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Tuesday, April 9th. Vertical Group upgraded Calavo Growers from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research report on Thursday, April 4th. TheStreet upgraded Calavo Growers from a “c” rating to a “b-” rating in a research report on Monday, March 11th. Finally, ValuEngine upgraded Calavo Growers from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $96.80.

CVGW opened at $95.81 on Monday. The company has a quick ratio of 0.94, a current ratio of 1.39 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 38.48 and a beta of 1.03. Calavo Growers has a 52 week low of $67.52 and a 52 week high of $108.00.

Calavo Growers (NASDAQ:CVGW) last posted its quarterly earnings data on Thursday, June 6th. The company reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.15. The firm had revenue of $286.00 million during the quarter, compared to the consensus estimate of $281.37 million. Calavo Growers had a return on equity of 17.76% and a net margin of 2.84%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 EPS. On average, equities research analysts expect that Calavo Growers will post 2.74 earnings per share for the current fiscal year.

In related news, VP Michael A. Browne sold 3,677 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $82.79, for a total value of $304,418.83. Following the sale, the vice president now owns 9,884 shares in the company, valued at approximately $818,296.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider James E. Gibson sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $84.56, for a total value of $1,691,200.00. Following the completion of the sale, the insider now owns 52,150 shares in the company, valued at approximately $4,409,804. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,917 shares of company stock worth $2,375,593. Insiders own 7.30% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVGW. Oregon Public Employees Retirement Fund lifted its stake in Calavo Growers by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 6,056 shares of the company’s stock valued at $508,000 after buying an additional 109 shares in the last quarter. White Pine Capital LLC lifted its stake in Calavo Growers by 0.7% in the 1st quarter. White Pine Capital LLC now owns 15,730 shares of the company’s stock valued at $1,319,000 after buying an additional 115 shares in the last quarter. Legal & General Group Plc lifted its stake in Calavo Growers by 0.3% in the 4th quarter. Legal & General Group Plc now owns 37,095 shares of the company’s stock valued at $2,708,000 after buying an additional 127 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Calavo Growers by 16.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,127 shares of the company’s stock valued at $94,000 after buying an additional 158 shares in the last quarter. Finally, Mason Street Advisors LLC lifted its stake in Calavo Growers by 3.4% in the 1st quarter. Mason Street Advisors LLC now owns 5,021 shares of the company’s stock valued at $421,000 after buying an additional 165 shares in the last quarter. Institutional investors and hedge funds own 87.66% of the company’s stock.

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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