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

Calavo Growers (NASDAQ:CVGW) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

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

Calavo Growers Price Performance

Calavo Growers stock opened at $23.15 on Thursday. 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 52 week low of $20.30 and a 52 week high of $30.58. The stock has a market capitalization of $412.07 million, a P/E ratio of -385.83 and a beta of 0.57. The stock has a fifty day moving average of $23.35 and a 200-day moving average of $25.71.

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

Institutional Investors Weigh In On Calavo Growers

A number of institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its position in shares of Calavo Growers by 626.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 7,118 shares of the company’s stock valued at $182,000 after purchasing an additional 6,138 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Calavo Growers by 12.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,683 shares of the company’s stock valued at $706,000 after purchasing an additional 3,141 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of Calavo Growers by 363.0% during the 4th quarter. Squarepoint Ops LLC now owns 78,538 shares of the company’s stock valued at $2,003,000 after purchasing an additional 61,574 shares in the last quarter. Two Sigma Advisers LP bought a new stake in shares of Calavo Growers during the 4th quarter valued at about $219,000. Finally, Two Sigma Investments LP boosted its position in shares of Calavo Growers by 63.7% during the 4th quarter. Two Sigma Investments LP now owns 53,214 shares of the company’s stock valued at $1,357,000 after purchasing an additional 20,714 shares in 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.