Calavo Growers, Inc. (NASDAQ:CVGW) Director Marc Laurence Brown sold 1,000 shares of the business’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $85.05, for a total value of $85,050.00. Following the completion of the sale, the director now owns 9,600 shares in the company, valued at $816,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Calavo Growers, Inc. (NASDAQ:CVGW) traded down $0.80 during mid-day trading on Thursday, reaching $85.10. The company’s stock had a trading volume of 200,000 shares, compared to its average volume of 207,050. Calavo Growers, Inc. has a fifty-two week low of $48.75 and a fifty-two week high of $87.05. The stock has a market capitalization of $1,506.10, a P/E ratio of 39.95 and a beta of 0.65.
Calavo Growers (NASDAQ:CVGW) last issued its quarterly earnings data on Tuesday, December 19th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.09. Calavo Growers had a return on equity of 16.01% and a net margin of 3.47%. The business had revenue of $277.20 million for the quarter, compared to the consensus estimate of $297.40 million. During the same period in the prior year, the business posted $0.53 earnings per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. research analysts expect that Calavo Growers, Inc. will post 2.82 earnings per share for the current year.
A number of equities research analysts recently commented on CVGW shares. BidaskClub downgraded Calavo Growers from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Zacks Investment Research upgraded Calavo Growers from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Stephens boosted their target price on Calavo Growers from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 20th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $91.00 target price (up from $76.00) on shares of Calavo Growers in a research report on Wednesday, December 20th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $88.00.
Calavo Growers Company Profile
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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