Calavo Growers (NASDAQ:CVGW) Stock Rating Lowered by Wall Street Zen

Calavo Growers (NASDAQ:CVGW) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Separately, Lake Street Capital upped their price objective on shares of Calavo Growers from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $40.00.

Calavo Growers Stock Performance

CVGW stock opened at $27.37 on Friday. The stock has a market cap of $488.64 million, a P/E ratio of 31.10 and a beta of 0.39. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.54 and a current ratio of 2.30. The firm has a 50 day simple moving average of $27.02 and a 200 day simple moving average of $25.96. Calavo Growers has a 52 week low of $21.46 and a 52 week high of $30.02.

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings data 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 firm had revenue of $178.82 million for the quarter, compared to analyst estimates of $195.20 million. Calavo Growers had a net margin of 2.28% and a return on equity of 11.73%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS. Research analysts anticipate that Calavo Growers will post 1.87 earnings per share for the current fiscal year.

Institutional Trading of Calavo Growers

Institutional investors have recently added to or reduced their stakes in the business. Spire Wealth Management acquired a new stake in Calavo Growers in the second quarter valued at approximately $30,000. New York State Teachers Retirement System acquired a new position in Calavo Growers in the 1st quarter valued at $36,000. CWM LLC grew its stake in Calavo Growers by 5,960.5% in the 1st 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 last quarter. Tower Research Capital LLC TRC grew its stake in Calavo Growers by 673.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,775 shares of the company’s stock valued at $74,000 after buying an additional 2,416 shares during the last quarter. Finally, State of Wyoming acquired a new position in Calavo Growers in the 4th quarter valued at $99,000. 81.30% of the stock is currently owned by institutional investors and hedge funds.

About Calavo Growers

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.