Central Garden & Pet Co (NASDAQ:CENT) Director Brooks Pennington III sold 1,644 shares of Central Garden & Pet stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $26.24, for a total transaction of $43,138.56. Following the completion of the transaction, the director now owns 42,023 shares in the company, valued at approximately $1,102,683.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
NASDAQ CENT traded up $0.28 during midday trading on Thursday, hitting $28.45. The company had a trading volume of 226 shares, compared to its average volume of 89,271. The company has a debt-to-equity ratio of 0.69, a current ratio of 4.52 and a quick ratio of 2.79. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 14.74 and a beta of -0.05. Central Garden & Pet Co has a fifty-two week low of $25.07 and a fifty-two week high of $45.02.
Central Garden & Pet (NASDAQ:CENT) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.03. The company had revenue of $673.70 million for the quarter, compared to analyst estimates of $647.00 million. Central Garden & Pet had a net margin of 4.19% and a return on equity of 9.92%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the business posted $0.86 EPS. As a group, sell-side analysts expect that Central Garden & Pet Co will post 1.8 earnings per share for the current fiscal year.
Several research analysts recently commented on the stock. BidaskClub downgraded shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Thursday, June 13th. ValuEngine upgraded shares of Central Garden & Pet from a “strong sell” rating to a “sell” rating in a report on Monday, April 15th. Argus dropped their target price on shares of Central Garden & Pet from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, March 5th. Finally, TheStreet downgraded shares of Central Garden & Pet from a “b” rating to a “c+” rating in a report on Wednesday, February 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $40.50.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. acquired a new stake in Central Garden & Pet in the 4th quarter worth $29,000. Huntington National Bank grew its position in Central Garden & Pet by 33.6% in the 1st quarter. Huntington National Bank now owns 1,543 shares of the company’s stock worth $39,000 after purchasing an additional 388 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Central Garden & Pet by 611.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,405 shares of the company’s stock worth $61,000 after purchasing an additional 2,067 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in Central Garden & Pet in the 4th quarter worth $100,000. Finally, SG Americas Securities LLC acquired a new stake in Central Garden & Pet in the 1st quarter worth $107,000. Institutional investors own 22.69% of the company’s stock.
Central Garden & Pet Company Profile
Central Garden & Pet Company, together with its subsidiaries, produces and distributes products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments, Pet and Garden. The Pet segment supplies products for dogs and cats, including edible bones, edible and non-edible chews, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as food, cages and habitats, toys, chews, and related accessories.
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