Central Garden & Pet Co. (CENT) Stock Price Up 1.4%
Central Garden & Pet Co. (NASDAQ:CENT) shares rose 1.4% during mid-day trading on Tuesday . The stock traded as high as $25.17 and last traded at $25.04, with a volume of 163,496 shares. The stock had previously closed at $24.69.
CENT has been the subject of a number of recent analyst reports. 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. Zacks Investment Research cut shares of Central Garden & Pet Co. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 5th.
The firm has a 50-day moving average price of $21.91 and a 200-day moving average price of $16.99. The firm has a market cap of $1.25 billion and a PE ratio of 32.07.
Central Garden & Pet Co. (NASDAQ:CENT) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.65 earnings per share for the quarter, topping the Zacks’ 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. During the same quarter in the prior year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Equities research analysts anticipate that Central Garden & Pet Co. will post $1.10 EPS for the current fiscal year.
In other news, major shareholder William E. Brown sold 30,000 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 2,608,470 shares in the company, valued at approximately $48,100,186.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David N. Chichester sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $17.00, for a total transaction of $170,000.00. Following the completion of the sale, the director now owns 20,485 shares of the company’s stock, valued at approximately $348,245. The disclosure for this sale can be found here.
Other hedge funds have recently 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 valued at $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 valued at $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 valued at $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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