Central Garden & Pet Co. (NASDAQ:CENT) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $23.80 and last traded at $23.69, with a volume of 115,651 shares traded. The stock had previously closed at $23.40.

A number of research analysts have issued reports on CENT shares. SunTrust Banks Inc. upgraded shares of Central Garden & Pet Co. from a “neutral” rating to a “buy” rating in a research report on Thursday, June 16th. Zacks Investment Research lowered shares of Central Garden & Pet Co. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 5th.

The stock has a 50 day moving average of $20.66 and a 200-day moving average of $16.39. The stock has a market cap of $1.19 billion and a price-to-earnings ratio of 30.6734.

Central Garden & Pet Co. (NASDAQ:CENT) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. The firm had revenue of $541.20 million for the quarter, compared to analysts’ expectations of $528.25 million. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share. Equities research analysts forecast that Central Garden & Pet Co. will post $1.10 earnings per share for the current fiscal year.

In other Central Garden & Pet Co. news, Director John Ranelli sold 7,886 shares of Central Garden & Pet Co. stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $22.77, for a total value of $179,564.22. Following the sale, the director now owns 96,379 shares of the company’s stock, valued at $2,194,549.83. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman William E. Brown sold 10,000 shares of Central Garden & Pet Co. stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $18.67, for a total transaction of $186,700.00. Following the completion of the sale, the chairman now directly owns 2,608,470 shares in the company, valued at approximately $48,700,134.90. The disclosure for this sale can be found here.

A number of hedge funds recently made changes to their positions in CENT. GSA Capital Partners LLP raised its stake in shares of Central Garden & Pet Co. by 67.4% in the fourth quarter. GSA Capital Partners LLP now owns 200,074 shares of the company’s stock valued at $2,705,000 after buying an additional 80,579 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Central Garden & Pet Co. by 9.0% in the fourth quarter. Wells Fargo & Company MN now owns 804,981 shares of the company’s stock valued at $10,883,000 after buying an additional 66,507 shares in the last quarter. Finally, Rutabaga Capital Management LLC MA raised its stake in shares of Central Garden & Pet Co. by 3.9% in the fourth quarter. Rutabaga Capital Management LLC MA now owns 1,402,306 shares of the company’s stock valued at $18,959,000 after buying an additional 53,211 shares in the last quarter.

Central Garden & Pet Company is a marketer and producer of branded products, and distributor of third party products to pet, and lawn and garden supplies industries. The Company’s segments are Pet and Garden. Its Pet segment is engaged in the manufacturing, purchase, sale and delivery of internally and externally produced pet supplies, books and food to independent pet distributors, national and regional retail chains, grocery stores, mass merchants and bookstores.

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