Central Garden & Pet Co (NASDAQ:CENT) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $28.49 and traded as high as $32.27. Central Garden & Pet shares last traded at $31.88, with a volume of 40,927 shares trading hands.

CENT has been the topic of several research reports. BidaskClub raised shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th. ValuEngine raised shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Zacks Investment Research lowered shares of Central Garden & Pet from a “hold” rating to a “sell” rating and set a $31.00 price objective on the stock. in a research note on Monday, October 28th. Argus lowered shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Friday, November 29th. Finally, Bank of America lowered shares of Central Garden & Pet from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $32.33.

The company has a debt-to-equity ratio of 0.70, a current ratio of 4.69 and a quick ratio of 3.02. The firm’s 50 day moving average is $29.77 and its 200 day moving average is $28.49. The firm has a market cap of $1.78 billion, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 2.74 and a beta of -0.03.

Central Garden & Pet (NASDAQ:CENT) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.13). Central Garden & Pet had a return on equity of 9.26% and a net margin of 3.89%. The business had revenue of $540.70 million for the quarter, compared to the consensus estimate of $520.99 million. During the same period in the previous year, the firm earned $0.10 EPS. The company’s revenue was up 7.6% on a year-over-year basis. As a group, analysts expect that Central Garden & Pet Co will post 1.61 EPS for the current year.

In other Central Garden & Pet news, CEO Timothy P. Cofer acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average price of $26.00 per share, with a total value of $260,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 11.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. State of Tennessee Treasury Department lifted its stake in shares of Central Garden & Pet by 8.5% in the third quarter. State of Tennessee Treasury Department now owns 4,450 shares of the company’s stock worth $130,000 after buying an additional 350 shares in the last quarter. Virginia Retirement Systems ET AL lifted its stake in shares of Central Garden & Pet by 1.6% in the third quarter. Virginia Retirement Systems ET AL now owns 24,900 shares of the company’s stock worth $728,000 after buying an additional 400 shares in the last quarter. 6 Meridian lifted its stake in shares of Central Garden & Pet by 2.4% in the fourth quarter. 6 Meridian now owns 23,281 shares of the company’s stock worth $723,000 after buying an additional 541 shares in the last quarter. Private Capital Group LLC lifted its stake in shares of Central Garden & Pet by 308.8% in the second quarter. Private Capital Group LLC now owns 924 shares of the company’s stock worth $40,000 after buying an additional 698 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Central Garden & Pet by 1.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 64,090 shares of the company’s stock worth $1,728,000 after buying an additional 776 shares in the last quarter. Hedge funds and other institutional investors own 19.84% of the company’s stock.

About Central Garden & Pet (NASDAQ:CENT)

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.

Further Reading: Why does a company issue an IPO?

Receive News & Ratings for Central Garden & Pet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Garden & Pet and related companies with MarketBeat.com's FREE daily email newsletter.