Central Garden & Pet Co (NASDAQ:CENT)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $28.49 and traded as high as $32.27. Central Garden & Pet shares last traded at $31.88, with a volume of 40,927 shares trading hands.
CENT has been the subject of several analyst reports. Bank of America lowered shares of Central Garden & Pet from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 27th. ValuEngine upgraded shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Zacks Investment Research lowered shares of Central Garden & Pet from a “hold” rating to a “sell” rating and set a $31.00 price objective for the company. in a research note on Monday, October 28th. Argus lowered shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Friday, November 29th. Finally, BidaskClub upgraded shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three 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 target price of $32.33.
The company’s 50 day moving average price is $29.77 and its 200-day moving average price is $28.49. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.02 and a current ratio of 4.69. The company has a market cap of $1.78 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.74 and a beta of -0.03.
Central Garden & Pet (NASDAQ:CENT) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.13). Central Garden & Pet had a return on equity of 9.26% and a net margin of 3.89%. The company had revenue of $540.70 million for the quarter, compared to analysts’ expectations of $520.99 million. During the same quarter in the previous year, the business earned $0.10 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts expect that Central Garden & Pet Co will post 1.61 EPS for the current year.
In other Central Garden & Pet news, CEO Timothy P. Cofer acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was bought at an average cost of $26.00 per share, with a total value of $260,000.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 11.50% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its holdings in Central Garden & Pet by 61.2% in the 2nd quarter. Invesco Ltd. now owns 41,057 shares of the company’s stock worth $1,106,000 after buying an additional 15,595 shares during the period. Barclays PLC boosted its holdings in Central Garden & Pet by 16.2% in the 3rd quarter. Barclays PLC now owns 14,025 shares of the company’s stock worth $410,000 after buying an additional 1,954 shares during the period. Rhumbline Advisers boosted its holdings in Central Garden & Pet by 9.9% in the 3rd quarter. Rhumbline Advisers now owns 37,499 shares of the company’s stock worth $1,096,000 after buying an additional 3,377 shares during the period. Millennium Management LLC boosted its holdings in Central Garden & Pet by 187.6% in the 3rd quarter. Millennium Management LLC now owns 337,491 shares of the company’s stock worth $9,864,000 after buying an additional 220,158 shares during the period. Finally, Texas Permanent School Fund bought a new position in Central Garden & Pet in the 3rd quarter worth approximately $205,000. 19.84% of the stock is owned by institutional investors.
About Central Garden & Pet (NASDAQ:CENT)
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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