Central Garden & Pet Co. (CENT) Reaches New 1-Year High at $25.30
Central Garden & Pet Co. (NASDAQ:CENT) shares hit a new 52-week high during mid-day trading 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.
CENT has been the subject of several analyst reports. SunTrust Banks Inc. raised Central Garden & Pet Co. from a “neutral” rating to a “buy” rating in a research note on Thursday, June 16th. Zacks Investment Research downgraded Central Garden & Pet Co. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 5th.
The company has a market capitalization of $1.24 billion and a PE ratio of 31.87. The company has a 50 day moving average of $22.81 and a 200 day moving average of $17.45.
Central Garden & Pet Co. (NASDAQ:CENT) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. The company had revenue of $541.20 million for the quarter, compared to the consensus estimate of $528.25 million. During the same period last year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, analysts predict that Central Garden & Pet Co. will post $1.10 EPS for the current year.
In other Central Garden & Pet Co. news, Director Mary Beth Springer sold 10,020 shares of the stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $18.47, for a total transaction of $185,069.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder William E. Brown sold 30,000 shares of the stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $18.44, for a total transaction of $553,200.00. Following the transaction, the insider now directly owns 2,608,470 shares of the company’s stock, valued at approximately $48,100,186.80. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Central Garden & Pet Co. stock. Wells Fargo & Company MN increased its stake in shares of Central Garden & Pet Co. (NASDAQ:CENT) by 9.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 804,981 shares of the company’s stock after buying an additional 66,507 shares during the period. Wells Fargo & Company MN owned approximately 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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