Central Garden & Pet Co (NASDAQ:CENT) – Equities research analysts at KeyCorp boosted their FY2019 earnings per share (EPS) estimates for shares of Central Garden & Pet in a note issued to investors on Wednesday. KeyCorp analyst J. Gere now expects that the company will earn $2.14 per share for the year, up from their previous forecast of $1.86. KeyCorp has a “Overweight” rating and a $44.00 price objective on the stock.

Central Garden & Pet (NASDAQ:CENT) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.04. The business had revenue of $442.01 million during the quarter, compared to analyst estimates of $435.19 million. Central Garden & Pet had a return on equity of 12.86% and a net margin of 4.69%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 EPS.

CENT has been the topic of several other research reports. Zacks Investment Research downgraded Central Garden & Pet from a “hold” rating to a “sell” rating in a research note on Wednesday, November 29th. Oppenheimer reaffirmed a “hold” rating on shares of Central Garden & Pet in a research note on Wednesday, November 29th. BidaskClub downgraded Central Garden & Pet from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Finally, CL King assumed coverage on Central Garden & Pet in a research note on Thursday, December 7th. They set a “buy” rating and a $47.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Central Garden & Pet has an average rating of “Hold” and an average target price of $44.00.

Shares of Central Garden & Pet (NASDAQ CENT) traded down $0.11 during trading on Monday, reaching $38.37. The company’s stock had a trading volume of 142,300 shares, compared to its average volume of 113,413. The company has a quick ratio of 2.46, a current ratio of 4.42 and a debt-to-equity ratio of 1.04. The company has a market cap of $1,995.07, a P/E ratio of 20.71, a P/E/G ratio of 2.04 and a beta of 0.06. Central Garden & Pet has a 52-week low of $29.08 and a 52-week high of $42.29.

Institutional investors and hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its stake in shares of Central Garden & Pet by 14.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 44,976 shares of the company’s stock worth $1,430,000 after buying an additional 5,682 shares in the last quarter. Moody Aldrich Partners LLC raised its stake in shares of Central Garden & Pet by 25.3% in the 4th quarter. Moody Aldrich Partners LLC now owns 48,015 shares of the company’s stock worth $1,869,000 after buying an additional 9,702 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Central Garden & Pet by 27.6% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,500 shares of the company’s stock worth $486,000 after buying an additional 2,700 shares in the last quarter. 361 Capital LLC bought a new stake in shares of Central Garden & Pet in the 3rd quarter worth $2,199,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Central Garden & Pet by 67.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 300,759 shares of the company’s stock worth $11,681,000 after buying an additional 120,898 shares in the last quarter. 19.91% of the stock is currently owned by institutional investors.

In other news, 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 sale, the director now owns 61,317 shares of the company’s stock, valued at approximately $2,322,074.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Nicholas Lahanas sold 7,119 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $38.78, for a total value of $276,074.82. Following the completion of the sale, the chief financial officer now directly owns 27,959 shares in the company, valued at approximately $1,084,250.02. The disclosure for this sale can be found here. Insiders have sold a total of 80,299 shares of company stock worth $3,028,258 in the last ninety days. 12.60% of the stock is owned by company insiders.

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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.

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

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