Central Garden & Pet Co. (NASDAQ:CENT) is scheduled to issue its Q416 quarterly earnings data after the market closes on Thursday, December 1st. Analysts expect the company to announce earnings of $0.05 per share for the quarter.

Earnings History for Central Garden & Pet Co. (NASDAQ:CENT)

Central Garden & Pet Co. (NASDAQ:CENT) opened at 30.00 on Wednesday. Central Garden & Pet Co. has a 12 month low of $11.67 and a 12 month high of $29.98. The stock’s 50 day moving average price is $26.29 and its 200-day moving average price is $24.19. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 33.08 and a beta of 0.36.

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In other news, Chairman William E. Brown sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $27.61, for a total value of $552,200.00. Following the transaction, the chairman now owns 2,148,593 shares of the company’s stock, valued at $59,322,652.73. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman William E. Brown sold 25,800 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $24.58, for a total value of $634,164.00. Following the completion of the transaction, the chairman now directly owns 2,204,393 shares in the company, valued at approximately $54,183,979.94. The disclosure for this sale can be found here. 13.90% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CENT. Nationwide Fund Advisors raised its position in Central Garden & Pet Co. by 288.0% in the second quarter. Nationwide Fund Advisors now owns 8,149 shares of the company’s stock worth $186,000 after buying an additional 6,049 shares during the last quarter. Prudential Financial Inc. raised its position in Central Garden & Pet Co. by 3.5% in the second quarter. Prudential Financial Inc. now owns 23,500 shares of the company’s stock worth $537,000 after buying an additional 800 shares during the last quarter. Vanguard Group Inc. raised its position in Central Garden & Pet Co. by 7.4% in the second quarter. Vanguard Group Inc. now owns 1,020,095 shares of the company’s stock worth $23,288,000 after buying an additional 70,485 shares during the last quarter. BlackRock Advisors LLC bought a new position in Central Garden & Pet Co. during the second quarter worth about $544,000. Finally, BlackRock Investment Management LLC raised its position in Central Garden & Pet Co. by 918.4% in the second quarter. BlackRock Investment Management LLC now owns 41,539 shares of the company’s stock worth $948,000 after buying an additional 37,460 shares during the last quarter. 20.05% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have commented on the company. Zacks Investment Research lowered Central Garden & Pet Co. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Sidoti raised Central Garden & Pet Co. from a “neutral” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Monday, October 31st. Finally, Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Central Garden & Pet Co. in a research report on Friday, August 26th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Central Garden & Pet Co. has a consensus rating of “Buy” and an average target price of $24.33.

About Central Garden & Pet Co.

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.

5 Day Chart for NASDAQ:CENT

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