Central Garden & Pet Co. (CENT) Stock Price Down 0.5%
Shares of Central Garden & Pet Co. (NASDAQ:CENT) fell 0.5% during trading on Monday . The stock traded as low as $25.62 and last traded at $26.04, with a volume of 109,219 shares. The stock had previously closed at $26.16.
Several analysts recently issued reports on the stock. 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. Sidoti assumed coverage on shares of Central Garden & Pet Co. in a report on Wednesday, August 17th. They set a “neutral” rating for the company. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Central Garden & Pet Co. in a report on Friday. Finally, 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. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Central Garden & Pet Co. presently has an average rating of “Buy” and an average target price of $22.50.
The stock has a 50 day moving average of $25.47 and a 200-day moving average of $19.52. The stock has a market capitalization of $1.32 billion and a price-to-earnings ratio of 28.51.
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 analysts’ consensus estimates of $0.43 by $0.05. The firm earned $514.54 million during the quarter, compared to analyst estimates of $490.85 million. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 earnings per share. On average, analysts anticipate that Central Garden & Pet Co. will post $1.17 earnings per share for the current year.
In other Central Garden & Pet Co. news, Director John Balousek sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $18.67, for a total transaction of $466,750.00. Following the sale, the director now directly owns 55,031 shares in the company, valued at approximately $1,027,428.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Ranelli sold 7,886 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $18.71, for a total transaction of $147,547.06. Following the sale, the director now owns 96,379 shares in the company, valued at $1,803,251.09. 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 stake in 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. 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 1.61% of Central Garden & Pet Co. worth $10,883,000 as of its most recent filing with the SEC.
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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