Calavo Growers (NASDAQ:CVGW) Stock Rating Lowered by StockNews.com

Calavo Growers (NASDAQ:CVGW) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

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

Calavo Growers Trading Down 1.0 %

Shares of Calavo Growers stock opened at $24.06 on Friday. The firm has a market capitalization of $429.16 million, a PE ratio of -401.00 and a beta of 0.57. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.17 and a quick ratio of 1.70. The company’s fifty day moving average price is $23.39 and its two-hundred day moving average price is $25.75. Calavo Growers has a 52-week low of $20.30 and a 52-week high of $30.58.

Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings results on Tuesday, January 14th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.25). The business had revenue of $169.96 million during the quarter, compared to the consensus estimate of $161.99 million. Calavo Growers had a negative net margin of 0.16% and a positive return on equity of 9.66%. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.33) EPS. On average, analysts expect that Calavo Growers will post 1.87 EPS for the current year.

Institutional Investors Weigh In On Calavo Growers

Several large investors have recently made changes to their positions in CVGW. Jane Street Group LLC grew its holdings in shares of Calavo Growers by 215.5% in the 3rd quarter. Jane Street Group LLC now owns 262,626 shares of the company’s stock worth $7,493,000 after purchasing an additional 179,395 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Calavo Growers by 26.8% in the 4th quarter. American Century Companies Inc. now owns 445,817 shares of the company’s stock worth $11,368,000 after purchasing an additional 94,221 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Calavo Growers by 221.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 123,841 shares of the company’s stock worth $3,533,000 after purchasing an additional 85,272 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Calavo Growers by 104.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 150,960 shares of the company’s stock worth $3,849,000 after purchasing an additional 77,220 shares during the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Calavo Growers by 363.0% in the 4th quarter. Squarepoint Ops LLC now owns 78,538 shares of the company’s stock worth $2,003,000 after purchasing an additional 61,574 shares during the last quarter. Institutional investors own 81.30% of the company’s stock.

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.