Central Garden & Pet Co. (NASDAQ:CENT) traded up 1.4% during mid-day trading on Tuesday . The company traded as high as $25.17 and last traded at $25.04, with a volume of 163,496 shares trading hands. The stock had previously closed at $24.69.

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

The stock’s 50-day moving average price is $21.65 and its 200 day moving average price is $16.88. The company has a market capitalization of $1.25 billion and a P/E ratio of 32.23.

Central Garden & Pet Co. (NASDAQ:CENT) last released its quarterly 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. The business earned $541.20 million during the quarter, compared to analysts’ expectations of $528.25 million. During the same quarter last year, the business posted $0.47 earnings per share. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. Analysts predict that Central Garden & Pet Co. will post $1.10 earnings per share for the current year.

In other Central Garden & Pet Co. news, major shareholder William E. Brown sold 41,352 shares of the stock in a transaction dated Monday, July 18th. The stock was sold at an average price of $23.08, for a total value of $954,404.16. Following the completion of the sale, the insider now directly owns 2,399,154 shares in the company, valued at $55,372,474.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder William E. Brown sold 30,000 shares of the stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $18.44, for a total value of $553,200.00. Following the completion of the sale, the insider now owns 2,608,470 shares of the company’s stock, valued at $48,100,186.80. The disclosure for this sale can be found here.

Other large investors have added to or reduced their stakes in the company. Rutabaga Capital Management LLC MA boosted its stake 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 worth $18,959,000 after buying an additional 53,211 shares during the period. Wells Fargo & Company MN boosted its stake 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 worth $10,883,000 after buying an additional 66,507 shares during the period. Finally, GSA Capital Partners LLP boosted its stake 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 worth $2,705,000 after buying an additional 80,579 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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