Central Garden & Pet Company (NASDAQ:CENT) – Research analysts at Oppenheimer Holdings raised their FY2017 earnings estimates for shares of Central Garden & Pet in a research note issued on Thursday. Oppenheimer Holdings analyst B. Nagel now forecasts that the company will post earnings per share of $1.52 for the year, up from their prior forecast of $1.44. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Central Garden & Pet’s Q4 2017 earnings at $0.12 EPS.

Central Garden & Pet (NASDAQ:CENT) last announced its earnings results on Wednesday, August 2nd. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.51 by $0.11. The business had revenue of $574.59 million for the quarter, compared to the consensus estimate of $544.26 million. Central Garden & Pet had a return on equity of 13.66% and a net margin of 3.49%. The company’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $0.48 EPS.

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Several other analysts also recently issued reports on the company. Zacks Investment Research upgraded Central Garden & Pet from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Tuesday, April 25th. Sidoti upgraded Central Garden & Pet from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th. Argus started coverage on Central Garden & Pet in a research note on Wednesday, April 19th. They set a “buy” rating and a $44.00 price target for the company. CL King started coverage on Central Garden & Pet in a research report on Friday, July 7th. They set a “buy” rating and a $38.00 price objective for the company. Finally, BidaskClub raised Central Garden & Pet from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $39.00.

Shares of Central Garden & Pet (NASDAQ:CENT) opened at 35.62 on Monday. Central Garden & Pet has a one year low of $22.97 and a one year high of $39.33. The company’s 50 day moving average price is $32.02 and its 200 day moving average price is $33.93. The stock has a market capitalization of $1.84 billion, a P/E ratio of 26.86 and a beta of 0.12.

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 transaction of $501,703.47. Following the completion of the transaction, the insider now owns 142,558 shares of the company’s stock, valued at approximately $4,734,351.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Ranelli sold 1,196 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $32.47, for a total value of $38,834.12. Following the transaction, the director now directly owns 47,489 shares of the company’s stock, 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 valued at $2,613,603 in the last three months. 11.60% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of CENT. Vanguard Group Inc. boosted its position in Central Garden & Pet by 8.8% in the first quarter. Vanguard Group Inc. now owns 1,322,444 shares of the company’s stock valued at $49,022,000 after buying an additional 106,439 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Central Garden & Pet by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,019,397 shares of the company’s stock valued at $37,789,000 after buying an additional 26,199 shares in the last quarter. Wells Fargo & Company MN boosted its position in 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 in the last quarter. Renaissance Technologies LLC boosted its position in Central Garden & Pet by 14.3% in the first quarter. Renaissance Technologies LLC now owns 476,100 shares of the company’s stock valued at $17,649,000 after buying an additional 59,700 shares in the last quarter. Finally, 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 in the last quarter. 21.19% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for Central Garden & Pet (NASDAQ:CENT)

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