Calavo Growers, Inc. (NASDAQ:CVGW - Get Free Report) EVP Michael A. Browne acquired 6,000 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average price of $23.69 per share, with a total value of $142,140.00. Following the purchase, the executive vice president now owns 7,500 shares in the company, valued at approximately $177,675. The trade was a 400.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Calavo Growers Trading Up 1.5 %
Shares of CVGW stock opened at $23.86 on Friday. The company has a quick ratio of 1.70, a current ratio of 2.17 and a debt-to-equity ratio of 0.02. The firm has a market cap of $425.59 million, a P/E ratio of -397.67 and a beta of 0.41. The company has a 50 day moving average of $23.36 and a 200-day moving average of $25.62. Calavo Growers, Inc. has a 12-month low of $20.30 and a 12-month high of $30.58.
Calavo Growers (NASDAQ:CVGW - Get Free Report) last issued its earnings results on Tuesday, January 14th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.25). The business had revenue of $169.96 million for the quarter, compared to the consensus estimate of $161.99 million. Calavo Growers had a positive return on equity of 9.66% and a negative net margin of 0.16%. Calavo Growers's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.33) EPS. Sell-side analysts anticipate that Calavo Growers, Inc. will post 1.87 earnings per share for the current year.
Calavo Growers Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.80 annualized dividend and a dividend yield of 3.35%. Calavo Growers's dividend payout ratio is currently 148.15%.
Hedge Funds Weigh In On Calavo Growers
Large investors have recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new stake in Calavo Growers during the 3rd quarter worth about $357,000. BNP Paribas Financial Markets boosted its stake in Calavo Growers by 54.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 41,473 shares of the company's stock worth $1,183,000 after purchasing an additional 14,568 shares during the period. Verition Fund Management LLC purchased a new position in Calavo Growers during the 3rd quarter valued at about $746,000. Paloma Partners Management Co purchased a new stake in shares of Calavo Growers in the third quarter worth about $595,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Calavo Growers in the third quarter worth about $219,000. 81.30% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of brokerages recently commented on CVGW. StockNews.com upgraded Calavo Growers from a "hold" rating to a "buy" rating in a report on Monday. Lake Street Capital cut their price target on shares of Calavo Growers from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th.
View Our Latest Analysis on CVGW
Calavo Growers Company Profile
(
Get Free Report)
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 worldwide. It operates through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.
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