Calavo Growers, Inc. (NASDAQ:CVGW – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.88 and traded as high as $25.66. Calavo Growers shares last traded at $25.51, with a volume of 223,912 shares trading hands.
Wall Street Analyst Weigh In
Several research firms recently issued reports on CVGW. Wall Street Zen cut shares of Calavo Growers from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Stephens dropped their price target on shares of Calavo Growers from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Thursday, January 22nd. Finally, Weiss Ratings raised shares of Calavo Growers from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.50.
View Our Latest Report on Calavo Growers
Calavo Growers Price Performance
Calavo Growers (NASDAQ:CVGW – Get Free Report) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. Calavo Growers had a return on equity of 12.81% and a net margin of 2.61%.The business had revenue of $122.20 million for the quarter, compared to analyst estimates of $138.45 million. As a group, research analysts predict that Calavo Growers, Inc. will post 1.87 EPS for the current year.
Calavo Growers Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 13th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, January 13th. This represents a $0.80 annualized dividend and a dividend yield of 3.1%. Calavo Growers’s dividend payout ratio is presently 89.89%.
Hedge Funds Weigh In On Calavo Growers
A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Calavo Growers by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,265,417 shares of the company’s stock worth $32,572,000 after acquiring an additional 11,979 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Calavo Growers by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 701,049 shares of the company’s stock worth $15,247,000 after acquiring an additional 34,562 shares in the last quarter. Fourth Sail Capital LP purchased a new position in Calavo Growers in the fourth quarter valued at about $15,206,000. Nuance Investments LLC grew its stake in Calavo Growers by 136.1% during the 4th quarter. Nuance Investments LLC now owns 546,933 shares of the company’s stock valued at $11,896,000 after purchasing an additional 315,280 shares in the last quarter. Finally, SG Capital Management LLC acquired a new stake in Calavo Growers during the 3rd quarter valued at approximately $13,443,000. Hedge funds and other institutional investors own 81.30% of the company’s stock.
About Calavo Growers
Calavo Growers, Inc (NASDAQ:CVGW), founded in 1924 and headquartered in Santa Paula, California, is a global supplier and distributor of fresh avocados and perishable foods. The company partners with growers in key producing regions to source, ripen and package whole avocados for retail, wholesale and foodservice customers. Calavo’s commitment to quality and food safety underpins its position as a trusted link between growers and end-markets.
The company operates two segments: Fresh and Calavo Foods.
Further Reading
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