Oppenheimer Holdings, Inc. restated their hold rating on shares of Central Garden & Pet Company (NASDAQ:CENT) in a report published on Thursday morning. Oppenheimer Holdings also issued estimates for Central Garden & Pet’s FY2018 earnings at $1.60 EPS.

A number of other brokerages have also recently issued reports on CENT. Zacks Investment Research cut Central Garden & Pet from a hold rating to a sell rating in a report on Thursday, July 20th. CL King started coverage on Central Garden & Pet in a report on Friday, July 7th. They set a buy rating and a $38.00 target price on the stock. Sidoti upgraded Central Garden & Pet from a neutral rating to a buy rating in a report on Monday, June 19th. BidaskClub upgraded Central Garden & Pet from a sell rating to a hold rating in a report on Monday, July 24th. Finally, Argus started coverage on Central Garden & Pet in a report on Wednesday, April 19th. They set a buy rating and a $44.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $39.50.

Central Garden & Pet (NASDAQ CENT) traded down 1.64% during midday trading on Thursday, reaching $35.33. 147,037 shares of the company traded hands. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 26.64 and a beta of 0.12. Central Garden & Pet has a 12-month low of $22.97 and a 12-month high of $39.33. The company 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 issued its earnings results on Wednesday, August 2nd. The company reported $0.62 earnings per share (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 firm had revenue of $574.59 million for the quarter, compared to analysts’ expectations of $544.26 million. During the same quarter last year, the business earned $0.48 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. On average, analysts predict that Central Garden & Pet will post $1.48 earnings per share for the current fiscal year.

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In other news, insider Michael A. Reed sold 15,107 shares of Central Garden & Pet stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $33.21, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Ranelli sold 1,196 shares of Central Garden & Pet stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $32.47, for a total value of $38,834.12. Following the transaction, the director now owns 47,489 shares in the company, valued at approximately $1,541,967.83. The disclosure for this sale can be found here. Insiders have sold a total of 82,382 shares of company stock worth $2,613,603 in the last quarter. 11.60% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank boosted its position in Central Garden & Pet by 5.8% in the fourth quarter. Comerica Bank now owns 10,775 shares of the company’s stock valued at $346,000 after buying an additional 589 shares during the period. State Street Corp boosted its position in Central Garden & Pet by 5.4% in the fourth quarter. State Street Corp now owns 188,769 shares of the company’s stock valued at $6,245,000 after buying an additional 9,753 shares during the period. Guggenheim Capital LLC boosted its position in Central Garden & Pet by 5.0% in the fourth quarter. Guggenheim Capital LLC now owns 28,967 shares of the company’s stock valued at $959,000 after buying an additional 1,374 shares during the period. Teachers Advisors LLC boosted its position in Central Garden & Pet by 9.9% in the fourth quarter. Teachers Advisors LLC now owns 248,203 shares of the company’s stock valued at $8,213,000 after buying an additional 22,292 shares during the period. Finally, Hartford Investment Management Co. acquired a new position in Central Garden & Pet during the first quarter valued at $204,000. Institutional investors and hedge funds own 21.20% of the company’s stock.

About Central Garden & Pet

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.

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