Calavo Growers, Inc. (NASDAQ:CVGW) insider James E. Gibson sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 26th. The shares were sold at an average price of $79.14, for a total transaction of $791,400.00. Following the completion of the transaction, the insider now directly owns 61,991 shares of the company’s stock, valued at approximately $4,905,967.74. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Calavo Growers, Inc. (NASDAQ CVGW) traded up $1.20 during mid-day trading on Tuesday, hitting $88.70. 202,792 shares of the stock traded hands, compared to its average volume of 190,282. The company has a market capitalization of $1,560.00, a P/E ratio of 41.64 and a beta of 0.65. Calavo Growers, Inc. has a 12-month low of $48.75 and a 12-month high of $89.55.

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings results on Tuesday, December 19th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.09. The firm had revenue of $277.20 million during the quarter, compared to the consensus estimate of $297.40 million. Calavo Growers had a net margin of 3.47% and a return on equity of 16.01%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. equities research analysts anticipate that Calavo Growers, Inc. will post 2.82 earnings per share for the current year.

Several equities analysts recently commented on the stock. BidaskClub raised shares of Calavo Growers from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Stephens increased their price objective on shares of Calavo Growers from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 20th. Lake Street Capital reaffirmed a “buy” rating and set a $91.00 price target (up previously from $76.00) on shares of Calavo Growers in a research note on Wednesday, December 20th. Finally, Zacks Investment Research raised shares of Calavo Growers from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $88.00.

Several hedge funds have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. raised its stake in shares of Calavo Growers by 1.4% during the second quarter. Pinebridge Investments L.P. now owns 2,031 shares of the company’s stock valued at $140,000 after acquiring an additional 29 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Calavo Growers by 0.4% during the second quarter. Rhumbline Advisers now owns 29,938 shares of the company’s stock valued at $2,067,000 after acquiring an additional 106 shares during the last quarter. DF Dent & Co. Inc. raised its stake in shares of Calavo Growers by 3.9% during the second quarter. DF Dent & Co. Inc. now owns 5,967 shares of the company’s stock valued at $412,000 after acquiring an additional 224 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Calavo Growers by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 12,525 shares of the company’s stock valued at $864,000 after acquiring an additional 341 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Calavo Growers by 17.7% during the second quarter. Victory Capital Management Inc. now owns 2,444 shares of the company’s stock valued at $169,000 after acquiring an additional 367 shares during the last quarter. 92.17% of the stock is owned by hedge funds and other institutional investors.

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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).

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

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