Insider Selling: Calavo Growers CEO Unloads 85,819 Shares of Stock (CVGW)
Calavo Growers (NASDAQ:CVGW) CEO Lecil E. Cole sold 85,819 shares of Calavo Growers stock on the open market in a transaction dated Thursday, June 5th. The stock was sold at an average price of $34.37, for a total value of $2,949,599.03. Following the completion of the transaction, the chief executive officer now directly owns 883,404 shares in the company, valued at approximately $30,362,595. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Calavo Growers (NASDAQ:CVGW) traded up 0.24% during mid-day trading on Friday, hitting $34.08. 149,641 shares of the company’s stock traded hands. Calavo Growers has a 52-week low of $24.54 and a 52-week high of $36.96. The stock’s 50-day moving average is $31.34 and its 200-day moving average is $31.49. The company has a market cap of $536.8 million and a P/E ratio of 27.53.
Calavo Growers (NASDAQ:CVGW) last released its earnings data on Monday, June 2nd. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.06. The company had revenue of $194.90 million for the quarter, compared to the consensus estimate of $198.83 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. Analysts expect that Calavo Growers will post $1.57 EPS for the current fiscal year.
A number of analysts have recently weighed in on CVGW shares. Analysts at Wedbush raised their price target on shares of Calavo Growers from $38.00 to $39.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Analysts at Zacks downgraded shares of Calavo Growers from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. They now have a $38.30 price target on the stock.
Calavo Growers, Inc (NASDAQ:CVGW) is a provider of value-added fresh food.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.