Shares of Central Garden & Pet Co. (NASDAQ:CENT) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $27.80 and last traded at $27.34, with a volume of 247,391 shares. The stock had previously closed at $26.71.

Several research firms recently issued reports on CENT. Zacks Investment Research raised shares of Central Garden & Pet Co. from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a report on Thursday, August 4th. SunTrust Banks Inc. raised shares of Central Garden & Pet Co. from a “neutral” rating to a “buy” rating in a report on Thursday, June 16th.

The firm’s 50 day moving average price is $23.86 and its 200 day moving average price is $18.13. The company has a market capitalization of $1.40 billion and a PE ratio of 30.36.

Central Garden & Pet Co. (NASDAQ:CENT) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.05. The company earned $514.54 million during the quarter, compared to the consensus estimate of $490.85 million. During the same period in the previous year, the firm posted $0.38 EPS. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, analysts predict that Central Garden & Pet Co. will post $1.15 earnings per share for the current year.

In other Central Garden & Pet Co. news, major shareholder William E. Brown sold 30,000 shares of Central Garden & Pet Co. stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $18.44, for a total value of $553,200.00. Following the transaction, the insider now owns 2,608,470 shares of the company’s stock, valued at $48,100,186.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder William E. Brown sold 20,000 shares of Central Garden & Pet Co. stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $18.41, for a total transaction of $368,200.00. Following the completion of the transaction, the insider now directly owns 2,561,470 shares in the company, valued at approximately $47,156,662.70. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Central Garden & Pet Co. stock. Wells Fargo & Company MN increased its position in shares of Central Garden & Pet Co. (NASDAQ:CENT) by 9.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 804,981 shares of the company’s stock after buying an additional 66,507 shares during the period. Wells Fargo & Company MN owned about 1.61% of Central Garden & Pet Co. worth $10,883,000 at the end of the most recent reporting 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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