Insider Selling: Calavo Growers, Inc. (NASDAQ:CVGW) CEO Sells $4,341,315.04 in Stock

Calavo Growers, Inc. (NASDAQ:CVGW) CEO Lecil E. Cole sold 44,263 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $98.08, for a total transaction of $4,341,315.04. Following the transaction, the chief executive officer now owns 448,628 shares of the company’s stock, valued at $44,001,434.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Calavo Growers stock opened at $93.86 on Thursday. The business’s 50-day simple moving average is $94.39. Calavo Growers, Inc. has a one year low of $67.52 and a one year high of $108.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.94 and a current ratio of 1.39. The firm has a market cap of $1.74 billion, a P/E ratio of 37.69 and a beta of 1.03.

Calavo Growers (NASDAQ:CVGW) last posted its quarterly earnings data on Thursday, June 6th. The company reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.15. Calavo Growers had a net margin of 2.84% and a return on equity of 17.76%. The company had revenue of $286.00 million during the quarter, compared to the consensus estimate of $281.37 million. During the same period in the prior year, the business posted $0.80 EPS. The company’s quarterly revenue was up 8.3% on a year-over-year basis. Analysts expect that Calavo Growers, Inc. will post 2.74 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of CVGW. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Calavo Growers by 16.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,127 shares of the company’s stock valued at $94,000 after purchasing an additional 158 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in Calavo Growers in the 1st quarter valued at about $98,000. Pearl River Capital LLC lifted its stake in Calavo Growers by 424.9% in the 1st quarter. Pearl River Capital LLC now owns 1,244 shares of the company’s stock valued at $104,000 after purchasing an additional 1,007 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Calavo Growers by 39.9% in the 4th quarter. Advisors Asset Management Inc. now owns 1,607 shares of the company’s stock valued at $117,000 after purchasing an additional 458 shares during the last quarter. Finally, South Dakota Investment Council acquired a new stake in Calavo Growers in the 1st quarter valued at about $126,000. Institutional investors own 87.61% of the company’s stock.

A number of equities analysts have recently commented on the stock. BidaskClub upgraded shares of Calavo Growers from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Zacks Investment Research upgraded shares of Calavo Growers from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research note on Tuesday, April 9th. ValuEngine upgraded shares of Calavo Growers from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Vertical Group upgraded shares of Calavo Growers from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research note on Thursday, April 4th. Finally, Lake Street Capital increased their price objective on shares of Calavo Growers from $94.00 to $104.00 in a research note on Friday, June 7th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $96.80.

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.

Read More: Trading on Margin

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

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.