Breaking: Is Selling Calavo Growers, Inc. Here a Winning Strategy?

Breaking: Is Selling Calavo Growers, Inc. Here a Winning Strategy?

The stock of Calavo Growers, Inc. (NASDAQ:CVGW) is a huge mover today! The stock decreased 5.66% or $3.35 on November 23, hitting $55.85. About 891,366 shares traded hands or 458.56% up from the average. Calavo Growers, Inc. (NASDAQ:CVGW) has declined 0.23% since April 22, 2016 and is downtrending. It has underperformed by 5.64% the S&P500.
The move comes after 7 months negative chart setup for the $933.72 million company. It was reported on Nov, 24 by Barchart.com. We have $53.06 PT which if reached, will make NASDAQ:CVGW worth $46.69 million less.

Analysts await Calavo Growers, Inc. (NASDAQ:CVGW) to report earnings on January, 3. They expect $0.49 earnings per share, up 75.00% or $0.21 from last year’s $0.28 per share. CVGW’s profit will be $8.19 million for 28.49 P/E if the $0.49 EPS becomes a reality. After $0.73 actual earnings per share reported by Calavo Growers, Inc. for the previous quarter, Wall Street now forecasts -32.88% negative EPS growth.

Calavo Growers, Inc. (NASDAQ:CVGW) Ratings Coverage

Out of 4 analysts covering Calavo Growers (NASDAQ:CVGW), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Calavo Growers has been the topic of 11 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Monday, October 19 by Buckingham Research. Buckingham Research maintained it with “Buy” rating and $58 target price in Friday, January 15 report. The stock of Calavo Growers, Inc. (NASDAQ:CVGW) has “Overweight” rating given on Friday, November 11 by Stephens. The rating was maintained by DA Davidson on Friday, September 4 with “Neutral”. Lake Street maintained the shares of CVGW in a report on Thursday, September 8 with “Buy” rating. As per Thursday, January 7, the company rating was upgraded by DA Davidson. The stock of Calavo Growers, Inc. (NASDAQ:CVGW) has “” rating given on Wednesday, March 2 by DA Davidson. As per Friday, September 4, the company rating was upgraded by BB&T Capital. Stephens maintained the shares of CVGW in a report on Monday, August 24 with “Overweight” rating. The rating was downgraded by Vetr to “Buy” on Wednesday, August 26.

According to Zacks Investment Research, “Calavo Growers, Inc. engages in the procurement and marketing of avocados and other perishable foods and the preparation and distribution of processed avocado products. Their expertise in marketing and distributing avocado, processed avocado, and other perishable foods allows them to deliver a wide array of fresh and processed food products to food distributors, produce wholesalers, supermarkets, and restaurants on a worldwide basis.”

Insitutional Activity: The institutional sentiment increased to 1.33 in 2016 Q2. Its up 0.01, from 1.32 in 2016Q1. The ratio increased, as 12 funds sold all Calavo Growers, Inc. shares owned while 41 reduced positions. 20 funds bought stakes while 50 increased positions. They now own 10.65 million shares or 1.12% less from 10.77 million shares in 2016Q1.
Ftb Advsrs has invested 0% of its portfolio in Calavo Growers, Inc. (NASDAQ:CVGW). Eulav Asset Mngmt holds 29,300 shares or 0.11% of its portfolio. Eagle Asset Management Incorporated last reported 32,727 shares in the company. Citigroup holds 0% of its portfolio in Calavo Growers, Inc. (NASDAQ:CVGW) for 6,789 shares. Moreover, Metropolitan Life Ny has 0.01% invested in Calavo Growers, Inc. (NASDAQ:CVGW) for 10,788 shares. Tci Wealth Advisors Inc, a Arizona-based fund reported 21,013 shares. Perkins Inv Ltd Liability holds 0.01% of its portfolio in Calavo Growers, Inc. (NASDAQ:CVGW) for 8,669 shares. Wells Fargo And Mn last reported 37,401 shares in the company. West Coast Finance Limited Liability Company has 4,100 shares for 0.1% of their US portfolio. Millennium Management Ltd Liability Company holds 0% or 3,168 shares in its portfolio. Dubuque Comml Bank Company holds 0% of its portfolio in Calavo Growers, Inc. (NASDAQ:CVGW) for 209 shares. Guggenheim Capital Limited Liability Com holds 24,231 shares or 0.01% of its portfolio. Parkside Fincl Financial Bank last reported 75 shares in the company. Reilly Ltd Liability accumulated 0% or 377 shares. Blackrock Fund holds 0.01% of its portfolio in Calavo Growers, Inc. (NASDAQ:CVGW) for 948,460 shares.

Insider Transactions: Since June 8, 2016, the stock had 0 insider buys, and 5 sales for $3.66 million net activity. HUNT JOHN M sold 14,250 shares worth $979,260. Brown Marc Laurence had sold 1,000 shares worth $67,230. Catchot Kenneth J sold 35,647 shares worth $2.47M. Shares for $65,900 were sold by Hollister Steve.

More notable recent Calavo Growers, Inc. (NASDAQ:CVGW) news were published by: Marketwatch.com which released: “Calavo Growers started at buy with $75 stock price target at Wunderlich Securities” on March 14, 2011, also Nasdaq.com with their article: “Calavo Growers, Inc. (CVGW) Ex-Dividend Date Scheduled for November 15, 2016” published on November 14, 2016, Businesswire.com published: “Calavo Growers, Inc. Announces Record Fiscal 2016 Third Quarter Results” on September 07, 2016. More interesting news about Calavo Growers, Inc. (NASDAQ:CVGW) were released by: Businesswire.com and their article: “Calavo Growers, Inc. Announces Record Fiscal 2016 Second Quarter Results” published on June 06, 2016 as well as Seekingalpha.com‘s news article titled: “Calavo Growers, Inc. Presents A Value Opportunity After Recent Earnings Miss” with publication date: November 22, 2015.

CVGW Company Profile

Calavo Growers, Inc. (Calavo), incorporated on January 5, 2001, is a well-known provider of fresh food. The Firm is engaged in the marketing and distribution of avocados, prepared avocados, and other perishable foods throughout the United States. The Firm also delivers an array of fresh and prepared food products to food distributors, produce wholesalers, supermarkets, convenience stores, and restaurants on a global basis. Calavo procures avocados principally from California, Mexico, and Chile. The Firm sorts, pack, and/or ripens avocados, tomatoes and/or Hawaiian grown papayas. The Firm also produces salsa and prepares ready-to-eat produce and deli products. The Firm distributes its products both domestically and internationally. The Firm operates in three business divisions: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).

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