Central Garden & Pet Company (NASDAQ:CENT) – Equities research analysts at KeyCorp reduced their FY2017 earnings per share estimates for shares of Central Garden & Pet in a report issued on Monday. KeyCorp analyst J. Gere now expects that the company will post earnings of $1.51 per share for the year, down from their prior estimate of $1.52. KeyCorp currently has a “Hold” rating on the stock.

Central Garden & Pet (NASDAQ:CENT) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.11. The company had revenue of $574.59 million for the quarter, compared to analyst estimates of $544.26 million. Central Garden & Pet had a return on equity of 13.66% and a net margin of 3.49%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 earnings per share.

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A number of other equities research analysts have also issued reports on CENT. Sidoti lowered shares of Central Garden & Pet from a “buy” rating to a “neutral” rating in a research note on Monday. Zacks Investment Research lowered shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. BidaskClub upgraded shares of Central Garden & Pet from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Central Garden & Pet in a research note on Thursday, August 3rd. Finally, CL King began coverage on shares of Central Garden & Pet in a research note on Friday, July 7th. They issued a “buy” rating and a $38.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Central Garden & Pet currently has an average rating of “Hold” and an average price target of $39.00.

Central Garden & Pet (NASDAQ:CENT) opened at 37.77 on Thursday. The firm’s 50 day moving average price is $37.30 and its 200 day moving average price is $34.58. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 28.48 and a beta of 0.11. Central Garden & Pet has a one year low of $22.97 and a one year high of $40.48.

Several institutional investors have recently modified their holdings of CENT. Great West Life Assurance Co. Can raised its stake in shares of Central Garden & Pet by 11.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 13,514 shares of the company’s stock valued at $501,000 after purchasing an additional 1,369 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Central Garden & Pet by 12.4% in the 1st quarter. Bank of New York Mellon Corp now owns 168,950 shares of the company’s stock valued at $6,261,000 after purchasing an additional 18,644 shares in the last quarter. Comerica Bank raised its stake in shares of Central Garden & Pet by 4.7% in the 1st quarter. Comerica Bank now owns 11,281 shares of the company’s stock valued at $437,000 after purchasing an additional 506 shares in the last quarter. Karp Capital Management Corp acquired a new stake in shares of Central Garden & Pet in the 1st quarter valued at about $319,000. Finally, Sei Investments Co. raised its stake in shares of Central Garden & Pet by 39.4% in the 1st quarter. Sei Investments Co. now owns 4,253 shares of the company’s stock valued at $158,000 after purchasing an additional 1,201 shares in the last quarter. Institutional investors and hedge funds own 20.19% of the company’s stock.

In other news, Director Mary Beth Springer sold 7,831 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $34.03, for a total value of $266,488.93. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael A. Reed sold 15,016 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $34.31, for a total transaction of $515,198.96. Following the completion of the sale, the insider now owns 135,008 shares in the company, valued at approximately $4,632,124.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,890 shares of company stock worth $2,612,545. Company insiders own 11.60% of the company’s stock.

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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