Insider Selling: Central Garden Director Sells 7,500 Shares of Stock (CENT)
Central Garden (NASDAQ:CENT) Director Brooks Pennington III sold 7,500 shares of Central Garden stock on the open market in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $7.50, for a total transaction of $56,250.00. Following the completion of the transaction, the director now directly owns 159,950 shares in the company, valued at approximately $1,199,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Central Garden (NASDAQ:CENT) traded down 0.66% during mid-day trading on Wednesday, hitting $7.54. The stock had a trading volume of 55,492 shares. Central Garden has a 52 week low of $6.00 and a 52 week high of $9.48. The stock’s 50-day moving average is $6.64 and its 200-day moving average is $7.02. The company has a market cap of $371.9 million and a P/E ratio of 583.85.
Central Garden (NASDAQ:CENT) last released its earnings data on Tuesday, February 4th. The company reported ($0.26) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.31) by $0.05. The company had revenue of $290.50 million for the quarter, compared to the consensus estimate of $298.35 million. During the same quarter last year, the company posted ($0.32) earnings per share. Central Garden’s revenue was down .7% compared to the same quarter last year. On average, analysts predict that Central Garden will post $0.42 earnings per share for the current fiscal year.
Separately, analysts at Zacks downgraded shares of Central Garden from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 7th. They now have a $6.10 price target on the stock.
Central Garden & Pet Company (NASDAQ:CENT) is a marketer and producer of branded products.
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