Central Garden & Pet Company (NASDAQ:CENT) has been given an average recommendation of “Hold” by the six ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $41.00.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded Central Garden & Pet from a “sell” rating to a “hold” rating in a research report on Friday. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Central Garden & Pet in a research report on Thursday. BidaskClub cut Central Garden & Pet from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. CL King assumed coverage on Central Garden & Pet in a research report on Friday, July 7th. They set a “buy” rating and a $38.00 target price on the stock. Finally, Sidoti upgraded Central Garden & Pet from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th.

TRADEMARK VIOLATION WARNING: “Central Garden & Pet Company (NASDAQ:CENT) Receives $41.00 Average Price Target from Analysts” was first published by Daily Political and is the property of of Daily Political. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/08/06/central-garden-pet-company-nasdaqcent-receives-41-00-average-price-target-from-analysts.html.

Shares of Central Garden & Pet (NASDAQ CENT) traded down 1.64% on Tuesday, hitting $35.33. The stock had a trading volume of 147,037 shares. Central Garden & Pet has a 12-month low of $22.97 and a 12-month high of $39.33. The company has a market cap of $429.61 million, a price-to-earnings ratio of 26.77 and a beta of 0.12. The stock has a 50 day moving average price of $32.02 and a 200-day moving average price of $33.93.

Central Garden & Pet (NASDAQ:CENT) last posted its earnings results on Wednesday, August 2nd. The company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.11. Central Garden & Pet had a return on equity of 13.66% and a net margin of 3.49%. The business had revenue of $574.59 million for the quarter, compared to analysts’ expectations of $544.26 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. On average, equities analysts expect that Central Garden & Pet will post $1.48 earnings per share for the current year.

In related news, insider Michael A. Reed sold 15,107 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $33.21, for a total value of $501,703.47. Following the transaction, the insider now owns 142,558 shares in the company, valued at approximately $4,734,351.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Ranelli sold 3,100 shares of the business’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $29.33, for a total value of $90,923.00. Following the completion of the transaction, the director now owns 110,668 shares in the company, valued at approximately $3,245,892.44. The disclosure for this sale can be found here. Insiders have sold 82,382 shares of company stock worth $2,613,603 in the last quarter. Insiders own 11.60% of the company’s stock.

A number of institutional investors have recently modified their holdings of CENT. Great West Life Assurance Co. Can boosted its position in shares of Central Garden & Pet by 11.3% in the first quarter. Great West Life Assurance Co. Can now owns 13,514 shares of the company’s stock valued at $501,000 after buying an additional 1,369 shares during the period. Camelot Portfolios LLC bought a new position in shares of Central Garden & Pet during the first quarter valued at about $328,000. Wells Fargo & Company MN boosted its position in shares of Central Garden & Pet by 7.6% in the first quarter. Wells Fargo & Company MN now owns 838,948 shares of the company’s stock valued at $31,099,000 after buying an additional 59,091 shares during the period. Hennessy Advisors Inc. bought a new position in shares of Central Garden & Pet during the first quarter valued at about $4,363,000. Finally, Strs Ohio boosted its position in shares of Central Garden & Pet by 1,450.0% in the first quarter. Strs Ohio now owns 6,200 shares of the company’s stock valued at $229,000 after buying an additional 5,800 shares during the period. Hedge funds and other institutional investors own 21.20% of the company’s stock.

Central Garden & Pet Company Profile

Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Pet segment and the Garden segment. It is a marketer and producer of pet supplies in the United States.

Receive News & Ratings for Central Garden & Pet Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Garden & Pet Company and related companies with MarketBeat.com's FREE daily email newsletter.