Central Garden & Pet Co (NASDAQ:CENT) Director Mary Beth Springer sold 2,325 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $27.24, for a total transaction of $63,333.00. Following the completion of the sale, the director now owns 1,260 shares in the company, valued at approximately $34,322.40. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Central Garden & Pet stock opened at $30.33 on Wednesday. The stock has a market capitalization of $1.75 billion, a PE ratio of 15.88 and a beta of -0.05. Central Garden & Pet Co has a 1 year low of $25.07 and a 1 year high of $45.02. The company has a current ratio of 4.52, a quick ratio of 2.79 and a debt-to-equity ratio of 0.69.
Central Garden & Pet (NASDAQ:CENT) last released its quarterly earnings data on Monday, May 6th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.03. The firm had revenue of $673.70 million for the quarter, compared to analyst estimates of $647.00 million. Central Garden & Pet had a net margin of 4.19% and a return on equity of 9.92%. Central Garden & Pet’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.86 earnings per share. Sell-side analysts forecast that Central Garden & Pet Co will post 1.85 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atlanta Capital Management Co. L L C acquired a new stake in Central Garden & Pet during the fourth quarter worth about $16,141,000. PNC Financial Services Group Inc. grew its position in Central Garden & Pet by 1,595.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 61,070 shares of the company’s stock worth $2,103,000 after purchasing an additional 57,467 shares during the last quarter. Eqis Capital Management Inc. grew its position in Central Garden & Pet by 43.2% in the 4th quarter. Eqis Capital Management Inc. now owns 48,517 shares of the company’s stock worth $1,671,000 after purchasing an additional 14,629 shares during the last quarter. Vanguard Group Inc. grew its position in Central Garden & Pet by 308.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,537,598 shares of the company’s stock worth $187,466,000 after purchasing an additional 4,180,716 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Central Garden & Pet by 21.9% in the 4th quarter. Rhumbline Advisers now owns 29,310 shares of the company’s stock worth $1,010,000 after purchasing an additional 5,257 shares during the last quarter. Hedge funds and other institutional investors own 21.84% of the company’s stock.
A number of brokerages have recently issued reports on CENT. ValuEngine upgraded shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a research note on Tuesday, January 22nd. BidaskClub lowered shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. TheStreet lowered shares of Central Garden & Pet from a “b” rating to a “c+” rating in a research note on Wednesday, February 27th. Finally, Argus cut their target price on shares of Central Garden & Pet from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $40.50.
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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, including edible bones, edible and non-edible chews, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as food, cages and habitats, toys, chews, and related accessories.
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