Central Garden & Pet Co. (NASDAQ:CENT) saw strong trading volume on Tuesday . 381,396 shares traded hands during trading, an increase of 20% from the previous session’s volume of 317,882 shares.The stock last traded at $24.24 and had previously closed at $23.69.

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

The company’s 50 day moving average is $20.99 and its 200 day moving average is $16.56. The firm has a market capitalization of $1.21 billion and a PE ratio of 31.17.

Central Garden & Pet Co. (NASDAQ:CENT) last announced its earnings results on Wednesday, May 4th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. During the same period in the previous year, the company posted $0.47 earnings per share. The business earned $541.20 million during the quarter, compared to analysts’ expectations of $528.25 million. Central Garden & Pet Co.’s quarterly revenue was up 8.8% on a year-over-year basis. Equities research analysts expect that Central Garden & Pet Co. will post $1.10 earnings per share for the current year.

In other news, Director Mary Beth Springer sold 10,020 shares of the company’s stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $18.47, for a total value of $185,069.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Ranelli sold 7,886 shares of the company’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $22.77, for a total transaction of $179,564.22. Following the completion of the sale, the director now directly owns 96,379 shares of the company’s stock, valued at $2,194,549.83. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently modified their holdings of CENT. GSA Capital Partners LLP raised its position 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 worth $2,705,000 after buying an additional 80,579 shares during the period. Rutabaga Capital Management LLC MA raised its position 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 worth $18,959,000 after buying an additional 53,211 shares during the period. Finally, Wells Fargo & Company MN raised its position 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 worth $10,883,000 after buying an additional 66,507 shares during the period.

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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