Calavo Growers (NASDAQ:CVGW) Stock Rating Lowered by StockNews.com

Calavo Growers (NASDAQ:CVGW) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Separately, Lake Street Capital cut their price objective on Calavo Growers from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th.

Calavo Growers Stock Down 0.0 %

CVGW stock opened at $22.89 on Tuesday. The stock has a market capitalization of $408.29 million, a PE ratio of -381.50 and a beta of 0.41. The company has a fifty day moving average of $23.29 and a 200-day moving average of $25.38. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 2.17. Calavo Growers has a one year low of $20.30 and a one year high of $30.58.

Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings data on Tuesday, January 14th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). Calavo Growers had a negative net margin of 0.16% and a positive return on equity of 9.66%. The firm had revenue of $169.96 million during the quarter, compared to analyst estimates of $161.99 million. During the same quarter in the previous year, the business earned ($0.33) EPS. Calavo Growers’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, analysts expect that Calavo Growers will post 1.87 EPS for the current year.

Insider Buying and Selling at Calavo Growers

In other news, EVP Michael A. Browne bought 6,000 shares of the stock in a transaction on Wednesday, April 2nd. The shares were bought at an average price of $23.69 per share, with a total value of $142,140.00. Following the completion of the acquisition, the executive vice president now owns 7,500 shares of the company’s stock, valued at approximately $177,675. This trade represents a 400.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Calavo Growers

Institutional investors and hedge funds have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. increased its holdings in Calavo Growers by 0.4% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 268,228 shares of the company’s stock valued at $6,840,000 after acquiring an additional 960 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Calavo Growers by 7.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,346 shares of the company’s stock valued at $366,000 after purchasing an additional 991 shares during the last quarter. R Squared Ltd purchased a new position in shares of Calavo Growers during the 4th quarter worth approximately $26,000. Van ECK Associates Corp raised its position in shares of Calavo Growers by 69.1% during the 4th quarter. Van ECK Associates Corp now owns 2,542 shares of the company’s stock worth $65,000 after purchasing an additional 1,039 shares during the last quarter. Finally, Inspire Investing LLC raised its position in shares of Calavo Growers by 9.2% during the 4th quarter. Inspire Investing LLC now owns 15,713 shares of the company’s stock worth $401,000 after purchasing an additional 1,321 shares during the last quarter. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

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 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.