Central Garden & Pet (NASDAQ:CENT – Get Rating)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.32 and traded as high as $42.01. Central Garden & Pet shares last traded at $41.39, with a volume of 25,804 shares trading hands.
Analysts Set New Price Targets
Separately, TheStreet downgraded shares of Central Garden & Pet from a “b-” rating to a “c+” rating in a report on Friday, December 9th.
Central Garden & Pet Price Performance
The stock has a market capitalization of $2.20 billion, a PE ratio of 14.69 and a beta of 0.64. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.32 and a current ratio of 3.34. The company’s fifty day simple moving average is $39.35 and its two-hundred day simple moving average is $40.31.
Insider Activity at Central Garden & Pet
In related news, insider John D. Walker III sold 3,400 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $38.73, for a total value of $131,682.00. Following the completion of the sale, the insider now directly owns 88,272 shares in the company, valued at $3,418,774.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 9.98% of the stock is owned by insiders.
Institutional Investors Weigh In On Central Garden & Pet
A number of institutional investors have recently bought and sold shares of CENT. Vanguard Group Inc. lifted its position in Central Garden & Pet by 4.0% during the first quarter. Vanguard Group Inc. now owns 1,416,522 shares of the company’s stock valued at $62,270,000 after buying an additional 54,065 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Central Garden & Pet by 471.9% during the first quarter. Goldman Sachs Group Inc. now owns 37,401 shares of the company’s stock valued at $1,644,000 after buying an additional 30,861 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Central Garden & Pet by 37.7% during the second quarter. Assenagon Asset Management S.A. now owns 92,498 shares of the company’s stock valued at $3,924,000 after buying an additional 25,328 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in Central Garden & Pet during the third quarter valued at approximately $876,000. Finally, BNP Paribas Arbitrage SNC lifted its position in Central Garden & Pet by 688.7% during the third quarter. BNP Paribas Arbitrage SNC now owns 25,223 shares of the company’s stock valued at $872,000 after buying an additional 22,025 shares in the last quarter. 17.51% of the stock is currently owned by hedge funds and other institutional investors.
About Central Garden & Pet
Central Garden & Pet Company produces and distributes various 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 provides dog and cat supplies, such as dog treats and chews, toys, pet beds and grooming products, waste management and training pads, and pet containment; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; animal and household health and insect control products; live fish and products for fish, reptiles, and other aquarium-based pets, such as aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food, and supplements; and products for equine and livestock, as well as outdoor cushions.
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