Calavo Growers (NASDAQ:CVGW) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Calavo shares crossed above their 200-day moving average (200‑day MA $23.87), trading as high as $28.20 and last at $27.68 on volume of 251,209, indicating bullish technical momentum.
• The analyst picture is mixed: the consensus rating is "Hold" (1 Buy, 2 Holds) with a consensus target of $33.50, and several firms have recently adjusted ratings or cut targets (e.g., Stephens to $27).
• Fundamentals showed an EPS beat ($0.27 vs. $0.22 est.) but a revenue miss ($122.2M vs. $138.45M); the stock trades at a P/E of 31.1 with a market cap around $495M and roughly 81.3% institutional ownership.

Shares of Calavo Growers, Inc. (NASDAQ:CVGW - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $23.87 and traded as high as $28.20. Calavo Growers shares last traded at $27.68, with a volume of 251,209 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CVGW shares. Wall Street Zen downgraded Calavo Growers from a "buy" rating to a "hold" rating in a research note on Saturday, December 13th. Weiss Ratings raised Calavo Growers from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, March 9th. Finally, Stephens cut their price target on Calavo Growers from $28.00 to $27.00 and set an "equal weight" rating on the stock in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Calavo Growers has an average rating of "Hold" and a consensus target price of $33.50.

Calavo Growers Stock Down 1.4%

The stock has a market cap of $494.64 million, a price-to-earnings ratio of 31.10 and a beta of 0.38. The firm's fifty day moving average price is $25.84 and its two-hundred day moving average price is $23.87. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.21 and a quick ratio of 1.66.

Calavo Growers (NASDAQ:CVGW - Get Free Report) last issued its earnings results on Thursday, March 12th. The company reported $0.27 EPS 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 company had revenue of $122.20 million during the quarter, compared to the consensus estimate of $138.45 million. Sell-side analysts forecast that Calavo Growers, Inc. will post 1.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Calavo Growers

Several hedge funds and other institutional investors have recently modified their holdings of CVGW. EP Wealth Advisors LLC acquired a new position in shares of Calavo Growers during the fourth quarter worth approximately $237,000. Numerai GP LLC bought a new position in shares of Calavo Growers in the 4th quarter worth $997,000. Millennium Management LLC lifted its holdings in shares of Calavo Growers by 23.4% in the 4th quarter. Millennium Management LLC now owns 53,905 shares of the company's stock worth $1,172,000 after purchasing an additional 10,208 shares in the last quarter. Inspire Investing LLC lifted its holdings in shares of Calavo Growers by 24.7% in the 4th quarter. Inspire Investing LLC now owns 21,771 shares of the company's stock worth $474,000 after purchasing an additional 4,315 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of Calavo Growers in the 4th quarter worth $367,000. 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.

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