Other equities research analysts also recently issued reports about the company. BidaskClub downgraded Calavo Growers from a strong-buy rating to a buy rating in a report on Wednesday, February 28th. Zacks Investment Research upgraded Calavo Growers from a hold rating to a buy rating and set a $99.00 price target for the company in a report on Tuesday, February 27th. Finally, Stephens boosted their price target on Calavo Growers from $85.00 to $100.00 and gave the company an overweight rating in a report on Wednesday, December 20th. Five analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and a consensus target price of $96.25.
Shares of Calavo Growers (CVGW) opened at $88.00 on Thursday. Calavo Growers has a twelve month low of $55.65 and a twelve month high of $90.85. The firm has a market capitalization of $1,543.82, a P/E ratio of 37.13 and a beta of 0.69.
In related news, insider James E. Gibson sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 26th. The stock was 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 in the company, valued at approximately $4,905,967.74. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Marc Laurence Brown sold 1,000 shares of the company’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 of the company’s stock, valued at $816,480. The disclosure for this sale can be found here. 8.40% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of CVGW. Arrowstreet Capital Limited Partnership grew its stake in Calavo Growers by 410.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 132,119 shares of the company’s stock worth $11,151,000 after buying an additional 106,261 shares during the last quarter. Freshford Capital Management LLC grew its stake in Calavo Growers by 35.0% during the 4th quarter. Freshford Capital Management LLC now owns 326,703 shares of the company’s stock worth $27,574,000 after buying an additional 84,746 shares during the last quarter. AGF Investments Inc. bought a new position in Calavo Growers during the 4th quarter worth $5,935,000. SG Capital Management LLC grew its stake in Calavo Growers by 144.4% during the 4th quarter. SG Capital Management LLC now owns 110,905 shares of the company’s stock worth $9,360,000 after buying an additional 65,521 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Calavo Growers by 54.9% during the 3rd quarter. Wells Fargo & Company MN now owns 151,114 shares of the company’s stock worth $11,062,000 after buying an additional 53,565 shares during the last quarter. Hedge funds and other institutional investors own 89.85% of the company’s stock.
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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).
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