BidaskClub lowered shares of Central Garden & Pet (NASDAQ:CENT) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.
Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded Central Garden & Pet from a hold rating to a buy rating and set a $45.00 target price on the stock in a report on Tuesday, January 30th. SunTrust Banks increased their price target on Central Garden & Pet to $50.00 and gave the company a buy rating in a research report on Monday, April 9th. Finally, KeyCorp reaffirmed a buy rating and set a $46.00 price target on shares of Central Garden & Pet in a research report on Monday, March 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Central Garden & Pet has a consensus rating of Hold and an average target price of $45.60.
CENT stock opened at $41.85 on Friday. Central Garden & Pet has a twelve month low of $29.08 and a twelve month high of $43.30. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.46 and a current ratio of 4.42. The company has a market capitalization of $2,100.70, a PE ratio of 27.90, a P/E/G ratio of 2.14 and a beta of 0.07.
Central Garden & Pet (NASDAQ:CENT) last posted its earnings results on Wednesday, February 7th. The company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.04. Central Garden & Pet had a return on equity of 12.86% and a net margin of 4.69%. The company had revenue of $442.01 million for the quarter, compared to analyst estimates of $435.19 million. During the same quarter last year, the company earned $0.12 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. equities research analysts anticipate that Central Garden & Pet will post 1.89 EPS for the current fiscal year.
In related news, General Counsel George A. Yuhas sold 8,351 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $37.03, for a total transaction of $309,237.53. Following the completion of the sale, the general counsel now directly owns 41,908 shares of the company’s stock, valued at $1,551,853.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Ranelli sold 11,563 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $36.97, for a total value of $427,484.11. Following the sale, the director now directly owns 542 shares of the company’s stock, valued at $20,037.74. The disclosure for this sale can be found here. Insiders have sold 42,589 shares of company stock valued at $1,588,316 over the last ninety days. 12.60% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Martin & Co. Inc. TN increased its position in shares of Central Garden & Pet by 3.0% during the fourth quarter. Martin & Co. Inc. TN now owns 68,750 shares of the company’s stock valued at $2,676,000 after acquiring an additional 2,025 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in Central Garden & Pet in the fourth quarter worth $173,000. Millennium Management LLC increased its position in Central Garden & Pet by 780.2% in the fourth quarter. Millennium Management LLC now owns 207,168 shares of the company’s stock worth $8,063,000 after buying an additional 183,631 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Central Garden & Pet by 124.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 51,358 shares of the company’s stock worth $1,999,000 after buying an additional 28,430 shares during the last quarter. Finally, Stone Ridge Asset Management LLC purchased a new stake in Central Garden & Pet in the fourth quarter worth $629,000. 19.66% of the stock is owned by institutional investors.
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About Central Garden & Pet
Central Garden & Pet Company, together with its subsidiaries, produces and distributes products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments, Pet and Garden. The Pet segment supplies products for dogs and cats comprising edible bones, edible and non-edible chews, rawhide, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and food, cages and habitats, toys, chews, and related accessories for birds, small animals, and specialty pets.
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