What Next for Calavo Growers, Inc. Stock After Today’s Bearish Options Activity?

 What Next for Calavo Growers, Inc. Stock After Today's Bearish Options Activity?

In today’s session Calavo Growers, Inc. (CVGW) recorded an unusually high (141) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the April, 2017 put, expecting serious CVGW decrease. With 141 contracts traded and 984 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: CVGW170421P00055000 closed last at: $7.1 or 54.3% up. About 114,067 shares traded hands. 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.

Analysts await Calavo Growers, Inc. (NASDAQ:CVGW) to report earnings on January, 3. They expect $0.49 EPS, up 75.00% or $0.21 from last year’s $0.28 per share. CVGW’s profit will be $8.06M for 28.70 P/E if the $0.49 EPS becomes a reality. After $0.73 actual EPS 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 rating was maintained by Lake Street on Thursday, September 8 with “Buy”. The stock of Calavo Growers, Inc. (NASDAQ:CVGW) has “Buy” rating given on Wednesday, December 30 by Lake Street. As per Friday, September 4, the company rating was upgraded by BB&T Capital. The company was maintained on Monday, August 24 by Stephens. The stock has “Buy” rating given by Buckingham Research on Friday, January 15. DA Davidson downgraded Calavo Growers, Inc. (NASDAQ:CVGW) on Wednesday, March 2 to “” rating. The firm has “Overweight” rating by Stephens given on Friday, November 11. Vetr downgraded the stock to “Buy” rating in Wednesday, August 26 report. The firm has “Neutral” rating given on Friday, September 4 by DA Davidson. DA Davidson upgraded the stock to “Buy” rating in Thursday, January 7 report.

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 is positive, 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.
Kcg Holdg has invested 0.01% of its portfolio in Calavo Growers, Inc. (NASDAQ:CVGW). Reilly Advisors Lc reported 377 shares or 0% of all its holdings. Teachers Retirement Of The State Of Kentucky last reported 0.01% of its portfolio in the stock. Capstone Asset Mngmt holds 6,573 shares or 0.01% of its portfolio. Thrivent For Lutherans holds 0% or 7,120 shares in its portfolio. Public Sector Pension Invest Board last reported 0.01% of its portfolio in the stock. Louisiana State Employees Retirement System last reported 6,600 shares in the company. Sei holds 0% or 990 shares in its portfolio. Lord Abbett & Ltd Liability owns 806,951 shares or 0.17% of their US portfolio. Dimensional Fund Advisors L P, a Texas-based fund reported 598,152 shares. Gsa Capital Prtn Limited Liability Partnership last reported 0.07% of its portfolio in the stock. Peregrine Asset Advisers Incorporated owns 5,500 shares or 0.24% of their US portfolio. White Pine Ltd Liability has 1% invested in the company for 35,620 shares. Neuberger Berman Limited Com has invested 0.08% of its portfolio in Calavo Growers, Inc. (NASDAQ:CVGW). Analytic Invsts Ltd Limited Liability Company last reported 0.01% of its portfolio in the stock.

Insider Transactions: Since June 8, 2016, the stock had 0 buys, and 5 selling transactions for $3.66 million net activity. Shares for $65,900 were sold by Hollister Steve on Wednesday, June 8. Another trade for 35,647 shares valued at $2.47 million was made by Catchot Kenneth J on Friday, September 16. Shares for $67,230 were sold by Brown Marc Laurence. Another trade for 14,250 shares valued at $979,260 was sold by HUNT JOHN M.

Calavo Growers, Inc. is a provider of fresh food. The company has a market cap of $925.40 million. The Firm is engaged in the marketing and distribution of avocados, prepared avocados and other perishable foods. It has a 29.2 P/E ratio. It also delivers an array of fresh and prepared food products to food distributors, produce wholesalers, supermarkets, convenience stores and restaurants.

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).

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.

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