Central Garden Director Sells $65,100 in Stock (CENT)
Central Garden (NASDAQ:CENT) Director Brooks Pennington III sold 7,500 shares of the stock on the open market in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $8.68, for a total value of $65,100.00. Following the sale, the director now directly owns 159,950 shares of the company’s stock, valued at approximately $1,388,366. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Central Garden (NASDAQ:CENT) traded up 3.20% during mid-day trading on Tuesday, hitting $8.71. 211,418 shares of the company’s stock traded hands. Central Garden has a 52-week low of $6.00 and a 52-week high of $10.01. The stock has a 50-day moving average of $8.75 and a 200-day moving average of $8.21. The company’s market cap is $439.3 million.
Central Garden (NASDAQ:CENT) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.28 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.33 by $0.05. The company had revenue of $438.00 million for the quarter, compared to the consensus estimate of $482.35 million. During the same quarter last year, the company posted $0.28 earnings per share. Central Garden’s revenue was down 11.4% compared to the same quarter last year. Analysts expect that Central Garden will post $0.22 EPS for the current fiscal year.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Central Garden in a research note on Monday, August 18th. They now have a $8.85 price target on the stock.
Central Garden & Pet Company (NASDAQ:CENT) is a marketer and producer of branded products.
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