Calavo Growers, Inc. $CVGW Shares Bought by Cwm LLC

Cwm LLC boosted its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 280.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,751 shares of the company’s stock after buying an additional 6,448 shares during the period. Cwm LLC’s holdings in Calavo Growers were worth $233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. New York State Teachers Retirement System acquired a new position in shares of Calavo Growers in the first quarter valued at about $36,000. US Bancorp DE increased its holdings in shares of Calavo Growers by 4.4% in the first quarter. US Bancorp DE now owns 9,136 shares of the company’s stock valued at $219,000 after purchasing an additional 384 shares during the period. Virtu Financial LLC acquired a new position in shares of Calavo Growers in the first quarter valued at about $219,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Calavo Growers by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,985 shares of the company’s stock valued at $240,000 after purchasing an additional 390 shares during the period. Finally, Bailard Inc. acquired a new position in shares of Calavo Growers in the first quarter valued at about $249,000. 81.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Calavo Growers in a report on Wednesday, October 8th. Lake Street Capital increased their price objective on Calavo Growers from $35.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Stephens raised Calavo Growers to a “hold” rating in a report on Thursday, September 11th. Finally, Wall Street Zen upgraded Calavo Growers from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.00.

Calavo Growers Stock Performance

Shares of CVGW stock opened at $23.32 on Tuesday. The company has a market capitalization of $416.26 million, a P/E ratio of 26.50 and a beta of 0.41. The business’s 50 day moving average is $26.19 and its two-hundred day moving average is $26.47. The company has a current ratio of 2.30, a quick ratio of 1.86 and a debt-to-equity ratio of 0.02. Calavo Growers, Inc. has a 12-month low of $21.46 and a 12-month high of $30.02.

Calavo Growers (NASDAQ:CVGW) last released its earnings results on Tuesday, September 9th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. The business had revenue of $178.82 million for the quarter, compared to the consensus estimate of $195.20 million. Calavo Growers had a return on equity of 11.73% and a net margin of 2.28%.The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 earnings per share. Analysts expect that Calavo Growers, Inc. will post 1.87 EPS for the current fiscal year.

Calavo Growers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, September 30th. Calavo Growers’s dividend payout ratio (DPR) is 90.91%.

Calavo Growers Profile

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.