Calavo Growers, Inc. (NASDAQ:CVGW - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.90 and traded as high as $27.94. Calavo Growers shares last traded at $27.28, with a volume of 403,186 shares trading hands.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded Calavo Growers from a "buy" rating to a "hold" rating in a report on Thursday, May 15th.
Check Out Our Latest Research Report on CVGW
Calavo Growers Stock Performance
The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.02. The company has a market cap of $483.29 million, a P/E ratio of 46.71 and a beta of 0.41. The business has a fifty day moving average of $26.59 and a 200 day moving average of $24.88.
Calavo Growers (NASDAQ:CVGW - Get Free Report) last issued its quarterly earnings results on Monday, June 9th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.13). The firm had revenue of $190.55 million during the quarter, compared to analysts' expectations of $192.75 million. Calavo Growers had a return on equity of 11.79% and a net margin of 1.50%. Calavo Growers's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 earnings per share. On average, equities analysts predict that Calavo Growers, Inc. will post 1.87 EPS for the current year.
Calavo Growers Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Monday, June 30th will be paid a $0.20 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.80 annualized dividend and a yield of 2.95%. Calavo Growers's payout ratio is 137.93%.
Insider Buying and Selling
In related news, CFO James E. Snyder bought 3,213 shares of the business's stock in a transaction dated Thursday, April 10th. The shares were purchased at an average cost of $23.33 per share, with a total value of $74,959.29. Following the completion of the purchase, the chief financial officer now owns 5,157 shares in the company, valued at approximately $120,312.81. The trade was a 165.28% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lecil E. Cole purchased 21,070 shares of the stock in a transaction dated Friday, April 11th. The shares were acquired at an average cost of $23.73 per share, for a total transaction of $499,991.10. Following the completion of the acquisition, the chief executive officer now owns 536,070 shares of the company's stock, valued at approximately $12,720,941.10. This represents a 4.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 73,438 shares of company stock valued at $1,771,303 over the last ninety days. Company insiders own 7.20% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Nuance Investments LLC lifted its holdings in Calavo Growers by 6.4% in the first quarter. Nuance Investments LLC now owns 1,770,251 shares of the company's stock valued at $42,468,000 after acquiring an additional 106,736 shares during the period. Vanguard Group Inc. lifted its holdings in Calavo Growers by 1.2% in the first quarter. Vanguard Group Inc. now owns 1,161,996 shares of the company's stock valued at $27,876,000 after acquiring an additional 13,491 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Calavo Growers by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 698,701 shares of the company's stock valued at $17,817,000 after acquiring an additional 34,263 shares during the period. American Century Companies Inc. lifted its holdings in Calavo Growers by 26.8% in the fourth quarter. American Century Companies Inc. now owns 445,817 shares of the company's stock valued at $11,368,000 after acquiring an additional 94,221 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in Calavo Growers by 6.9% in the fourth quarter. Russell Investments Group Ltd. now owns 335,914 shares of the company's stock valued at $8,566,000 after acquiring an additional 21,584 shares during the period. 81.30% of the stock is owned by institutional investors.
About Calavo Growers
(
Get Free Report)
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.
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