Central Garden & Pet Company (NASDAQ:CENT)‘s stock had its “hold” rating reiterated by investment analysts at KeyCorp in a research note issued on Monday, October 16th. KeyCorp also issued estimates for Central Garden & Pet’s FY2017 earnings at $1.51 EPS.
CENT has been the subject of a number of other reports. BidaskClub raised shares of Central Garden & Pet from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Central Garden & Pet in a report on Tuesday, June 20th. Zacks Investment Research raised shares of Central Garden & Pet from a “sell” rating to a “hold” rating and set a $41.00 target price for the company in a report on Friday, August 4th. Sidoti upgraded shares of Central Garden & Pet from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th. Finally, CL King assumed coverage on shares of Central Garden & Pet in a research report on Friday, July 7th. They issued a “buy” rating and a $38.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $39.00.
Shares of Central Garden & Pet (CENT) opened at 37.52 on Monday. The stock’s 50 day moving average price is $37.56 and its 200-day moving average price is $34.64. The firm has a market capitalization of $1.94 billion, a PE ratio of 28.30 and a beta of 0.11. Central Garden & Pet has a 52-week low of $22.97 and a 52-week high of $40.48.
Central Garden & Pet (NASDAQ:CENT) last issued its earnings results on Wednesday, August 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.11. Central Garden & Pet had a net margin of 3.49% and a return on equity of 13.66%. The company had revenue of $574.59 million during the quarter, compared to analysts’ expectations of $544.26 million. During the same period last year, the company posted $0.48 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities research analysts anticipate that Central Garden & Pet will post $1.51 EPS for the current fiscal year.
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In other news, insider Michael A. Reed sold 15,016 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $34.31, for a total value of $515,198.96. Following the sale, the insider now directly owns 135,008 shares in the company, valued at $4,632,124.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Ranelli sold 11,800 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $34.41, for a total transaction of $406,038.00. Following the completion of the sale, the director now owns 110,668 shares in the company, valued at $3,808,085.88. The disclosure for this sale can be found here. Insiders sold 76,890 shares of company stock worth $2,612,545 over the last quarter. Company insiders own 11.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in CENT. BNP Paribas Arbitrage SA boosted its position in Central Garden & Pet by 20.7% during the second quarter. BNP Paribas Arbitrage SA now owns 3,136 shares of the company’s stock worth $100,000 after acquiring an additional 537 shares during the last quarter. Sei Investments Co. boosted its position in Central Garden & Pet by 8.9% during the second quarter. Sei Investments Co. now owns 4,633 shares of the company’s stock worth $148,000 after acquiring an additional 380 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Central Garden & Pet by 65.7% during the first quarter. PNC Financial Services Group Inc. now owns 4,140 shares of the company’s stock worth $153,000 after acquiring an additional 1,641 shares during the last quarter. Thrivent Financial For Lutherans acquired a new stake in Central Garden & Pet during the first quarter worth approximately $212,000. Finally, Alliancebernstein L.P. acquired a new stake in Central Garden & Pet during the first quarter worth approximately $222,000. Hedge funds and other institutional investors own 20.22% of the company’s stock.
About Central Garden & Pet
Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Pet segment and the Garden segment. It is a marketer and producer of pet supplies in the United States.
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