Calavo Growers, Inc. (CVGW) Director Marc Laurence Brown Sells 1,000 Shares

Calavo Growers, Inc. (NASDAQ:CVGW) Director Marc Laurence Brown sold 1,000 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $85.05, for a total value of $85,050.00. Following the transaction, the director now owns 9,600 shares in the company, valued at approximately $816,480. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Calavo Growers, Inc. (NASDAQ CVGW) traded up $1.40 during trading on Friday, reaching $86.50. The company’s stock had a trading volume of 152,800 shares, compared to its average volume of 188,967. Calavo Growers, Inc. has a 12-month low of $48.75 and a 12-month high of $87.05. The company has a market cap of $1,520.00, a price-to-earnings ratio of 40.61 and a beta of 0.65.

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

Several institutional investors and hedge funds have recently modified their holdings of the company. Pinebridge Investments L.P. increased its stake in shares of Calavo Growers by 1.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,031 shares of the company’s stock valued at $140,000 after purchasing an additional 29 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Calavo Growers by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 8,063 shares of the company’s stock valued at $557,000 after purchasing an additional 100 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Calavo Growers by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 29,938 shares of the company’s stock valued at $2,067,000 after purchasing an additional 106 shares during the last quarter. DF Dent & Co. Inc. increased its stake in shares of Calavo Growers by 3.9% in the 2nd quarter. DF Dent & Co. Inc. now owns 5,967 shares of the company’s stock valued at $412,000 after purchasing an additional 224 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Calavo Growers by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,525 shares of the company’s stock valued at $864,000 after purchasing an additional 341 shares during the last quarter. Institutional investors own 92.17% of the company’s stock.

CVGW has been the topic of a number of recent research reports. Zacks Investment Research upgraded Calavo Growers from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. BidaskClub lowered Calavo Growers from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Lake Street Capital restated a “buy” rating and set a $91.00 price objective (up previously from $76.00) on shares of Calavo Growers in a research note on Wednesday, December 20th. Finally, Stephens raised their price objective on Calavo Growers from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 20th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $88.00.

ILLEGAL ACTIVITY NOTICE: “Calavo Growers, Inc. (CVGW) Director Marc Laurence Brown Sells 1,000 Shares” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.tickerreport.com/banking-finance/3127206/calavo-growers-inc-cvgw-director-marc-laurence-brown-sells-1000-shares.html.

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).

Receive News & Ratings for Calavo Growers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calavo Growers and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.