Central Garden & Pet Company (NASDAQ:CENT) Director John Ranelli sold 46,991 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $37.87, for a total value of $1,779,549.17. Following the completion of the transaction, the director now directly owns 61,317 shares in the company, valued at approximately $2,322,074.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

John Ranelli also recently made the following trade(s):

  • On Monday, December 11th, John Ranelli sold 16,189 shares of Central Garden & Pet stock. The stock was sold at an average price of $38.17, for a total value of $617,934.13.

Shares of Central Garden & Pet Company (NASDAQ:CENT) traded down $1.22 on Thursday, hitting $37.79. The stock had a trading volume of 82,855 shares, compared to its average volume of 101,575. The company has a quick ratio of 1.37, a current ratio of 3.10 and a debt-to-equity ratio of 0.62. Central Garden & Pet Company has a twelve month low of $29.08 and a twelve month high of $42.29. The firm has a market capitalization of $2,025.14, a price-to-earnings ratio of 26.22, a PEG ratio of 2.35 and a beta of 0.03.

Central Garden & Pet (NASDAQ:CENT) last issued its quarterly earnings results on Tuesday, November 28th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). Central Garden & Pet had a net margin of 3.84% and a return on equity of 12.81%. The firm had revenue of $490.46 million for the quarter, compared to analyst estimates of $439.07 million. During the same period last year, the company earned $0.13 EPS. The company’s revenue was up 18.6% compared to the same quarter last year. equities analysts predict that Central Garden & Pet Company will post 1.66 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of CENT. Renaissance Technologies LLC lifted its stake in shares of Central Garden & Pet by 34.8% during the second quarter. Renaissance Technologies LLC now owns 641,776 shares of the company’s stock valued at $20,402,000 after acquiring an additional 165,676 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Central Garden & Pet by 67.2% during the third quarter. Russell Investments Group Ltd. now owns 300,759 shares of the company’s stock valued at $11,681,000 after acquiring an additional 120,898 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Central Garden & Pet by 85.5% during the second quarter. Ameriprise Financial Inc. now owns 150,475 shares of the company’s stock valued at $4,784,000 after acquiring an additional 69,342 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Central Garden & Pet by 41.2% during the third quarter. Bank of New York Mellon Corp now owns 204,093 shares of the company’s stock valued at $7,927,000 after acquiring an additional 59,561 shares during the period. Finally, 361 Capital LLC acquired a new position in shares of Central Garden & Pet during the third quarter valued at $2,199,000. 20.05% of the stock is currently owned by institutional investors and hedge funds.

CENT has been the topic of a number of recent analyst reports. BidaskClub lowered Central Garden & Pet from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. KeyCorp reissued a “hold” rating on shares of Central Garden & Pet in a research note on Wednesday, September 6th. Zacks Investment Research lowered Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Sidoti lowered Central Garden & Pet from a “buy” rating to a “neutral” rating in a research note on Monday, October 16th. Finally, Oppenheimer reissued a “hold” rating on shares of Central Garden & Pet in a research note on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.00.

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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.

Insider Buying and Selling by Quarter for Central Garden & Pet (NASDAQ:CENT)

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