Central Garden & Pet Co (NASDAQ:CENT) Director Brooks Pennington III sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $35.47, for a total value of $354,700.00. Following the completion of the sale, the director now directly owns 35,928 shares of the company’s stock, valued at $1,274,366.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Central Garden & Pet Co (CENT) traded down $0.74 during trading hours on Friday, hitting $38.04. The stock had a trading volume of 70,589 shares, compared to its average volume of 88,883. Central Garden & Pet Co has a twelve month low of $29.08 and a twelve month high of $42.29. The stock has a market cap of $1,910.00, a P/E ratio of 25.03, a PEG ratio of 2.15 and a beta of 0.07. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.10 and a quick ratio of 1.37.
Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings results on Tuesday, November 28th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). Central Garden & Pet had a net margin of 3.84% and a return on equity of 12.81%. The company had revenue of $490.46 million during the quarter, compared to analysts’ expectations of $439.07 million. During the same quarter in the prior year, the business posted $0.13 earnings per share. The company’s revenue was up 18.6% compared to the same quarter last year. sell-side analysts forecast that Central Garden & Pet Co will post 1.77 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Central Garden & Pet from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday, January 30th. KeyCorp upgraded Central Garden & Pet from a “sector weight” rating to an “overweight” rating and set a $44.00 price target on the stock in a report on Monday, January 22nd. BidaskClub downgraded Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. CL King assumed coverage on Central Garden & Pet in a report on Thursday, December 7th. They issued a “buy” rating and a $47.00 price target on the stock. Finally, Oppenheimer reiterated a “hold” rating on shares of Central Garden & Pet in a report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $45.00.
Large investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its holdings in shares of Central Garden & Pet by 20.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,136 shares of the company’s stock valued at $100,000 after acquiring an additional 537 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of Central Garden & Pet by 58.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 3,830 shares of the company’s stock worth $149,000 after purchasing an additional 1,420 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Central Garden & Pet by 104.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,273 shares of the company’s stock worth $166,000 after purchasing an additional 2,185 shares in the last quarter. Aperio Group LLC acquired a new stake in shares of Central Garden & Pet in the 4th quarter worth $216,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of Central Garden & Pet in the 3rd quarter worth $224,000. Institutional investors and hedge funds own 20.02% of the company’s stock.
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Central Garden & Pet Company Profile
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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