Insider Selling: Lecil E. Cole Sells 65,060 Shares of Calavo Growers Stock (CVGW)
Calavo Growers (NASDAQ:CVGW) CEO Lecil E. Cole sold 65,060 shares of Calavo Growers stock on the open market in a transaction dated Monday, June 9th. The stock was sold at an average price of $34.05, for a total value of $2,215,293.00. Following the sale, the chief executive officer now directly owns 818,344 shares in the company, valued at approximately $27,864,613. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Calavo Growers (NASDAQ:CVGW) traded down 0.12% during mid-day trading on Tuesday, hitting $34.00. The stock had a trading volume of 34,491 shares. Calavo Growers has a 52 week low of $24.54 and a 52 week high of $36.96. The stock has a 50-day moving average of $31.46 and a 200-day moving average of $31.60. The company has a market cap of $535.7 million and a price-to-earnings ratio of 22.56.
Calavo Growers (NASDAQ:CVGW) last issued its quarterly earnings data on Monday, June 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, analysts predict that Calavo Growers will post $1.57 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Wedbush raised their price target on shares of Calavo Growers from $38.00 to $39.00 in a research note on Tuesday, June 3rd. 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.
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