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

Several equities research analysts have commented on the company. Zacks Investment Research upgraded Central Garden & Pet Co. from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a research report on Monday, April 25th. SunTrust Banks Inc. upgraded Central Garden & Pet Co. from a “neutral” rating to a “buy” rating in a research report on Thursday, June 16th.

The company has a market cap of $1.21 billion and a price-to-earnings ratio of 31.17. The company has a 50 day moving average of $20.99 and a 200-day moving average of $16.56.

Central Garden & Pet Co. (NASDAQ:CENT) last issued its 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 business had revenue of $541.20 million for the quarter, compared to analyst estimates of $528.25 million. During the same period last year, the business posted $0.47 EPS. Central Garden & Pet Co.’s revenue was up 8.8% on a year-over-year basis. Equities research analysts forecast 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 firm’s stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $18.47, for a total transaction of $185,069.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder William E. Brown sold 1,302 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $19.34, for a total value of $25,180.68. Following the sale, the insider now directly owns 2,587,100 shares in the company, valued at approximately $50,034,514. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in CENT. GSA Capital Partners LLP raised its position in 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 during the period. Wells Fargo & Company MN raised its position in 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 during the period. Finally, Rutabaga Capital Management LLC MA raised its position in 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 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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