Calavo Growers, Inc. (NASDAQ:CVGW) Director Marc Laurence Brown sold 750 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $75.10, for a total transaction of $56,325.00. Following the transaction, the director now directly owns 10,100 shares of the company’s stock, valued at approximately $758,510. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Calavo Growers, Inc. (NASDAQ:CVGW) traded down 0.33% during trading on Wednesday, hitting $74.70. 131,447 shares of the stock traded hands. The company has a 50-day moving average price of $67.93 and a 200-day moving average price of $61.11. The stock has a market cap of $1.31 billion, a PE ratio of 32.49 and a beta of 0.55. Calavo Growers, Inc. has a 12 month low of $48.75 and a 12 month high of $76.85.

Calavo Growers (NASDAQ:CVGW) last posted its earnings results on Tuesday, June 6th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.08. Calavo Growers had a net margin of 3.99% and a return on equity of 18.38%. The firm had revenue of $270.20 million during the quarter, compared to analyst estimates of $259.79 million. During the same period last year, the firm posted $0.56 earnings per share. Calavo Growers’s revenue for the quarter was up 22.7% compared to the same quarter last year. Equities research analysts expect that Calavo Growers, Inc. will post $2.47 EPS for the current year.

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

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Calavo Growers by 2,685.6% in the first quarter. BlackRock Inc. now owns 1,917,023 shares of the company’s stock worth $116,172,000 after buying an additional 1,848,205 shares during the period. Neuberger Berman Group LLC raised its position in Calavo Growers by 27.5% in the first quarter. Neuberger Berman Group LLC now owns 1,585,982 shares of the company’s stock worth $96,111,000 after buying an additional 342,194 shares during the period. Vanguard Group Inc. raised its position in Calavo Growers by 5.0% in the first quarter. Vanguard Group Inc. now owns 841,649 shares of the company’s stock worth $51,004,000 after buying an additional 39,812 shares during the period. Stephens Investment Management Group LLC raised its position in Calavo Growers by 23.8% in the first quarter. Stephens Investment Management Group LLC now owns 747,701 shares of the company’s stock worth $45,311,000 after buying an additional 143,501 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Calavo Growers by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 620,909 shares of the company’s stock worth $37,627,000 after buying an additional 3,291 shares during the period. 82.38% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on CVGW shares. Zacks Investment Research downgraded shares of Calavo Growers from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. BidaskClub raised shares of Calavo Growers from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Finally, Stephens reaffirmed an “overweight” rating and set a $85.00 price target (up previously from $75.00) on shares of Calavo Growers in a research note on Friday, June 9th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $76.60.

About Calavo Growers

Calavo Growers, Inc operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).

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