Central Garden & Pet Co (NASDAQ:CENT) Director Mary Beth Springer sold 2,325 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $27.24, for a total value of $63,333.00. Following the sale, the director now directly owns 1,260 shares of the company’s stock, valued at approximately $34,322.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Central Garden & Pet stock opened at $29.64 on Thursday. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 15.52 and a beta of -0.05. The company has a debt-to-equity ratio of 0.69, a current ratio of 4.52 and a quick ratio of 2.79. Central Garden & Pet Co has a 12-month low of $25.07 and a 12-month high of $45.02.

Central Garden & Pet (NASDAQ:CENT) last announced its earnings results on Monday, May 6th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. The firm had revenue of $673.70 million during the quarter, compared to analysts’ expectations of $647.00 million. Central Garden & Pet had a return on equity of 9.92% and a net margin of 4.19%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.86 earnings per share. As a group, equities analysts predict that Central Garden & Pet Co will post 1.85 EPS for the current fiscal year.

A number of equities research analysts have issued reports on the company. BidaskClub raised Central Garden & Pet from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. ValuEngine raised Central Garden & Pet from a “strong sell” rating to a “sell” rating in a research report on Monday, April 15th. Argus decreased their target price on Central Garden & Pet from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, March 5th. Finally, TheStreet cut Central Garden & Pet from a “b” rating to a “c+” rating in a research report on Wednesday, February 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Central Garden & Pet presently has a consensus rating of “Hold” and an average price target of $40.50.

Several hedge funds have recently modified their holdings of the company. Atlanta Capital Management Co. L L C acquired a new position in shares of Central Garden & Pet in the fourth quarter valued at $16,141,000. PNC Financial Services Group Inc. raised its stake in shares of Central Garden & Pet by 1,595.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 61,070 shares of the company’s stock valued at $2,103,000 after purchasing an additional 57,467 shares in the last quarter. Eqis Capital Management Inc. raised its stake in shares of Central Garden & Pet by 43.2% in the fourth quarter. Eqis Capital Management Inc. now owns 48,517 shares of the company’s stock valued at $1,671,000 after purchasing an additional 14,629 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Central Garden & Pet by 308.1% in the third quarter. Vanguard Group Inc. now owns 5,537,598 shares of the company’s stock valued at $187,466,000 after purchasing an additional 4,180,716 shares in the last quarter. Finally, MetLife Investment Advisors LLC raised its stake in shares of Central Garden & Pet by 62.3% in the third quarter. MetLife Investment Advisors LLC now owns 7,214 shares of the company’s stock valued at $260,000 after purchasing an additional 2,768 shares in the last quarter. Institutional investors own 22.53% of the company’s stock.

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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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