The price of Calavo Growers Inc. (NASDAQ:CVGW) shares last traded on Wall Street fell -23.85% to $23.85.
As we calculate the median target price by taking the range between a high of $38.00 and a low of $35.00, we find $35.50. Given the previous closing price of $31.32, this indicates a potential upside of 13.35 percent. CVGW stock price is now -24.93% away from the 50-day moving average and -33.52% away from the 200-day moving average. The market capitalization of the company currently stands at $428.58M.
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Brokers who have rated the stock have averaged $36.00 as their price target over the next twelve months.
, while ‘Seaport Global Securities’ rates the stock as ‘Neutral’.
In other news, HELIN JAMES D, Director sold 2,000 shares of the company’s stock on Oct 17. The stock was sold for $64,000 at an average price of $32.00. Upon completion of the transaction, the Director now directly owns 26,314 shares in the company, valued at $0.63 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 05, Director Hollister Steve bought 1,000 shares of the business’s stock. A total of $31,670 was incurred on buying the stock at an average price of $31.67. This leaves the insider owning 32,164 shares of the company worth $0.77 million. Insiders disposed of 20,116 shares of company stock worth roughly $0.48 million over the past 1 year. A total of 1.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CVGW stock. A new stake in Calavo Growers Inc. shares was purchased by FORMULA GROWTH LTD during the first quarter worth $1,789,000. 1492 CAPITAL MANAGEMENT LLC invested $1,019,000 in shares of CVGW during the first quarter. In the first quarter, BALDWIN BROTHERS LLC/MA acquired a new stake in Calavo Growers Inc. valued at approximately $434,000. TREXQUANT INVESTMENT LP acquired a new stake in CVGW for approximately $332,000. TRUIST FINANCIAL CORP purchased a new stake in CVGW valued at around $330,000 in the second quarter. In total, there are 243 active investors with 76.80% ownership of the company’s stock.
A candlestick chart of Calavo Growers Inc. (NASDAQ: CVGW) showed a price of $26.03 on Tuesday morning. During the past 12 months, Calavo Growers Inc. has had a low of $27.29 and a high of $45.50. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 1.20, and a quick ratio of 0.90. The fifty day moving average price for CVGW is $31.77 and a two-hundred day moving average price translates $35.87 for the stock.
The latest earnings results from Calavo Growers Inc. (NASDAQ: CVGW) was released for Oct, 2022. According to the Food Distribution Company, earnings per share came in at $0.03, missing analysts’ expectations of $0.33 by -0.3. This compares to -$0.24 EPS in the same period last year. The net profit margin was -0.50% and return on equity was -2.80% for CVGW. The company reported revenue of $226.2 million for the quarter, compared to $274.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.47 percent. For the current quarter, analysts expect CVGW to generate $270.57M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/14/2022. Investors who held shares on 11/16/2022 were paid a $0.2875 dividend. On an annualized basis, this represents a $0.29 dividend and a 1.21% percent yield. There was an ex-dividend date of 11/15/2022 for this dividend.
Calavo Growers Inc.(CVGW) 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 two segments, Grown and Prepared. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia. The Prepared segment is involved in the distribution of prepared avocado products, salsa, fresh-cut fruit and vegetables, fresh prepared entrees salads, wraps, sandwiches, parfaits, and fresh snacking products, as well as ready-to-heat entrees, other hot bars and various deli items, meals kit components, and salad kits. The company offers its products under the Calavo brands and related logos; and Avo Fresco, Bueno, Calavo Gold, Calavo Salsa Lisa, Salsa Lisa, Celebrate the Taste, El Dorado, Fresh Ripe, Select, Taste of Paradise, The First Name in Avocados, Tico, Mfresh, Maui Fresh International, Triggered Avocados, ProRipeVIP, RIPE NOW!, Renaissance Food Group, Garden Highway Fresh Cut, Garden Highway, and Garden Highway Chef Essentials trademarks. Calavo Growers, Inc. was founded in 1924 and is headquartered in Santa Paula, California.
