Insider Selling: Calavo Growers, Inc. (NASDAQ:CVGW) Insider Sells $448,305.60 in Stock

Calavo Growers, Inc. (NASDAQ:CVGW) insider James E. Gibson sold 4,749 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $94.40, for a total value of $448,305.60. Following the transaction, the insider now directly owns 12,171 shares of the company’s stock, valued at $1,148,942.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of NASDAQ CVGW opened at $91.91 on Friday. The firm’s fifty day moving average price is $94.47. The company has a current ratio of 1.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 36.91 and a beta of 1.04. Calavo Growers, Inc. has a 1 year low of $67.52 and a 1 year high of $108.00.

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings data on Thursday, June 6th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.15. The business had revenue of $286.00 million during the quarter, compared to analyst estimates of $281.37 million. Calavo Growers had a return on equity of 17.76% and a net margin of 2.84%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted $0.80 EPS. On average, analysts predict that Calavo Growers, Inc. will post 3.35 EPS for the current year.

A number of equities analysts have issued reports on CVGW shares. BidaskClub raised Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. Zacks Investment Research raised Investar from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Tuesday, June 4th. Vertical Group raised Calavo Growers from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research note on Thursday, April 4th. Lake Street Capital increased their price target on Calavo Growers from $94.00 to $104.00 in a research note on Friday, June 7th. Finally, ValuEngine lowered Viewray from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $96.80.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVGW. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Calavo Growers by 16.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,127 shares of the company’s stock worth $94,000 after acquiring an additional 158 shares in the last quarter. Quantamental Technologies LLC bought a new stake in shares of Calavo Growers during the 1st quarter worth $98,000. Pearl River Capital LLC boosted its stake in shares of Calavo Growers by 424.9% during the 1st quarter. Pearl River Capital LLC now owns 1,244 shares of the company’s stock worth $104,000 after acquiring an additional 1,007 shares in the last quarter. South Dakota Investment Council bought a new stake in shares of Calavo Growers during the 1st quarter worth $126,000. Finally, We Are One Seven LLC boosted its stake in shares of Calavo Growers by 100.9% during the 1st quarter. We Are One Seven LLC now owns 2,636 shares of the company’s stock worth $221,000 after acquiring an additional 1,324 shares in the last quarter. 87.60% of the stock is owned by institutional investors and hedge funds.

About Calavo Growers

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers. It operates in three segments: Fresh Products, Calavo Foods, and RFG. The Fresh products segment distributes avocados and other fresh produce products; and procures avocados grown in California, Mexico, and Peru, as well as various other commodities, including tomatoes and papayas.

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

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