Calavo Growers (NASDAQ:CVGW) Upgraded at StockNews.com

Calavo Growers (NASDAQ:CVGW) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Separately, Lake Street Capital cut their price target on shares of Calavo Growers from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th.

Calavo Growers Trading Up 0.3 %

Shares of CVGW opened at $26.12 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 2.17. Calavo Growers has a fifty-two week low of $20.30 and a fifty-two week high of $30.58. The firm has a 50 day moving average price of $24.56 and a 200-day moving average price of $25.10. The firm has a market cap of $465.90 million, a price-to-earnings ratio of -435.33 and a beta of 0.42.

Insider Activity at Calavo Growers

In other Calavo Growers news, CEO Lecil E. Cole bought 38,155 shares of the firm’s stock in a transaction that occurred on Monday, April 14th. The stock was bought at an average price of $24.60 per share, for a total transaction of $938,613.00. Following the completion of the acquisition, the chief executive officer now directly owns 574,225 shares in the company, valued at $14,125,935. The trade was a 7.12 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael A. Browne acquired 6,000 shares of Calavo Growers stock in a transaction on Wednesday, April 2nd. The shares were bought at an average cost of $23.69 per share, for a total transaction of $142,140.00. Following the completion of the transaction, the executive vice president now owns 7,500 shares in the company, valued at approximately $177,675. This trade represents a 400.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 73,438 shares of company stock worth $1,771,303 in the last three months. 7.20% of the stock is owned by insiders.

Institutional Trading of Calavo Growers

Institutional investors and hedge funds have recently bought and sold shares of the stock. R Squared Ltd bought a new position in shares of Calavo Growers in the 4th quarter worth approximately $26,000. New York State Teachers Retirement System purchased a new stake in Calavo Growers in the first quarter worth $36,000. CWM LLC lifted its position in Calavo Growers by 5,960.5% during the first quarter. CWM LLC now owns 2,303 shares of the company’s stock valued at $55,000 after buying an additional 2,265 shares during the period. Van ECK Associates Corp lifted its position in Calavo Growers by 69.1% during the fourth quarter. Van ECK Associates Corp now owns 2,542 shares of the company’s stock valued at $65,000 after buying an additional 1,039 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Calavo Growers during the 4th quarter valued at $76,000. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

Calavo Growers Company 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.