Central Garden & Pet Co. (NASDAQ:CENT) hit a new 52-week high on Wednesday . The stock traded as high as $25.30 and last traded at $24.52, with a volume of 66,105 shares. The stock had previously closed at $25.10.

Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded 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 firm has a market capitalization of $1.23 billion and a price-to-earnings ratio of 31.55. The stock has a 50-day moving average of $22.55 and a 200-day moving average of $17.35.

Central Garden & Pet Co. (NASDAQ:CENT) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.65 earnings per share (EPS) 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. Central Garden & Pet Co.’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 EPS. Equities analysts predict that Central Garden & Pet Co. will post $1.10 earnings per share for the current year.

In related news, major shareholder William E. Brown sold 149,054 shares of Central Garden & Pet Co. stock in a transaction on Friday, June 17th. The stock was sold at an average price of $20.59, for a total value of $3,069,021.86. Following the transaction, the insider now owns 2,512,251 shares in the company, valued at $51,727,248.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David N. Chichester sold 10,000 shares of Central Garden & Pet Co. stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $17.00, for a total value of $170,000.00. Following the completion of the transaction, the director now owns 20,485 shares in the company, valued at approximately $348,245. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP boosted 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 last quarter. Wells Fargo & Company MN boosted 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 last quarter. Finally, Rutabaga Capital Management LLC MA boosted 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 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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