Calavo Growers, Inc. (NASDAQ:CVGW) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Calavo Growers from a “hold” rating to a “strong-buy” rating and set a $79.00 target price for the company in a report on Wednesday, June 28th. Stephens reiterated an “overweight” rating and issued a $85.00 target price (up from $75.00) on shares of Calavo Growers in a report on Friday, June 9th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $78.75.

Calavo Growers (CVGW) traded up 0.82% during mid-day trading on Wednesday, hitting $73.50. 159,411 shares of the stock were exchanged. Calavo Growers has a 52-week low of $48.75 and a 52-week high of $76.85. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 31.97 and a beta of 0.62. The stock has a 50 day moving average of $70.57 and a 200-day moving average of $63.17.

Calavo Growers (NASDAQ:CVGW) last announced its earnings results on Tuesday, June 6th. The company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.08. The business had revenue of $270.20 million during the quarter, compared to the consensus estimate of $259.79 million. Calavo Growers had a net margin of 3.99% and a return on equity of 18.38%. The firm’s revenue was up 22.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 earnings per share. Equities analysts predict that Calavo Growers will post $2.45 EPS for the current fiscal year.

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In other Calavo Growers news, Director Kathleen M. Holmgren purchased 1,000 shares of the company’s stock in a transaction dated Thursday, July 6th. The shares were acquired at an average price of $68.00 per share, for a total transaction of $68,000.00. Following the completion of the purchase, the director now owns 2,750 shares of the company’s stock, valued at $187,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Marc Laurence Brown sold 750 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $75.10, for a total value of $56,325.00. Following the sale, the director now owns 10,100 shares in the company, valued at approximately $758,510. The disclosure for this sale can be found here. Insiders own 9.90% of the company’s stock.

Several large investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of 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 last quarter. Neuberger Berman Group LLC raised its stake in shares of 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 last quarter. Vanguard Group Inc. raised its stake in shares of 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 last quarter. Stephens Investment Management Group LLC raised its stake in shares of 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 last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of 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 last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

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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