Buckingham Research reaffirmed their buy rating on shares of Calavo Growers (NASDAQ:CVGW) in a research note released on Thursday morning. The brokerage currently has a $95.00 price target on the stock, up from their previous price target of $88.00.
CVGW has been the subject of several other research reports. BidaskClub cut Calavo Growers from a buy rating to a hold rating in a research note on Thursday, December 7th. Zacks Investment Research raised Calavo Growers from a hold rating to a buy rating and set a $99.00 price target for the company in a research note on Tuesday, February 27th. Stephens upped their price objective on Calavo Growers from $85.00 to $100.00 and gave the company an overweight rating in a report on Wednesday, December 20th. Finally, Lake Street Capital restated a buy rating and issued a $91.00 price objective (up previously from $76.00) on shares of Calavo Growers in a report on Wednesday, December 20th. Five equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and a consensus target price of $96.25.
Calavo Growers (NASDAQ:CVGW) opened at $88.00 on Thursday. Calavo Growers has a 52 week low of $55.65 and a 52 week high of $90.85. The stock has a market capitalization of $1,543.82, a price-to-earnings ratio of 37.13 and a beta of 0.69.
In other news, 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 completion of the sale, the director now owns 9,600 shares in the company, valued at $816,480. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James E. Gibson sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $79.14, for a total value of $791,400.00. Following the completion of the sale, the insider now owns 61,991 shares of the company’s stock, valued at approximately $4,905,967.74. The disclosure for this sale can be found here. Corporate insiders own 8.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Xact Kapitalforvaltning AB acquired a new stake in shares of Calavo Growers in the fourth quarter valued at $224,000. Envestnet Asset Management Inc. lifted its holdings in shares of Calavo Growers by 10.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,568 shares of the company’s stock valued at $891,000 after buying an additional 965 shares during the period. Probabilities Fund Management LLC acquired a new stake in shares of Calavo Growers in the fourth quarter valued at $885,000. MetLife Investment Advisors LLC acquired a new stake in shares of Calavo Growers in the fourth quarter valued at $621,000. Finally, Gotham Asset Management LLC acquired a new stake in shares of Calavo Growers in the fourth quarter valued at $688,000. Institutional investors and hedge funds own 89.85% of the company’s stock.
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About Calavo Growers
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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