Insider Selling: Central Garden & Pet Co (CENT) Director Sells 2,000 Shares of Stock

Central Garden & Pet Co (NASDAQ:CENT) Director John Ranelli sold 2,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $37.19, for a total transaction of $74,380.00. Following the completion of the transaction, the director now directly owns 17,209 shares of the company’s stock, valued at $640,002.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

John Ranelli also recently made the following trade(s):

  • On Monday, December 11th, John Ranelli sold 16,189 shares of Central Garden & Pet stock. The shares were sold at an average price of $38.17, for a total transaction of $617,934.13.
  • On Wednesday, December 13th, John Ranelli sold 46,991 shares of Central Garden & Pet stock. The shares were sold at an average price of $37.87, for a total transaction of $1,779,549.17.

Central Garden & Pet Co (NASDAQ:CENT) traded up $0.70 during mid-day trading on Wednesday, reaching $39.07. 134,719 shares of the company’s stock were exchanged, compared to its average volume of 115,094. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.46 and a current ratio of 4.42. Central Garden & Pet Co has a 1 year low of $29.08 and a 1 year high of $42.29. The company has a market capitalization of $1,995.07, a PE ratio of 20.89, a price-to-earnings-growth ratio of 2.04 and a beta of 0.06.

Central Garden & Pet (NASDAQ:CENT) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.04. Central Garden & Pet had a net margin of 4.69% and a return on equity of 12.86%. The firm had revenue of $442.01 million during the quarter, compared to analysts’ expectations of $435.19 million. During the same period in the previous year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. research analysts expect that Central Garden & Pet Co will post 1.89 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in CENT. Schwab Charles Investment Management Inc. boosted its position in Central Garden & Pet by 14.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 44,976 shares of the company’s stock worth $1,430,000 after purchasing an additional 5,682 shares during the period. Alliancebernstein L.P. boosted its position in Central Garden & Pet by 21.7% during the second quarter. Alliancebernstein L.P. now owns 7,300 shares of the company’s stock worth $232,000 after purchasing an additional 1,300 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Central Garden & Pet by 85.5% during the second quarter. Ameriprise Financial Inc. now owns 150,475 shares of the company’s stock worth $4,784,000 after buying an additional 69,342 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Central Garden & Pet by 4.9% during the second quarter. Northern Trust Corp now owns 127,102 shares of the company’s stock worth $4,041,000 after buying an additional 5,942 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Central Garden & Pet by 3.8% during the second quarter. Vanguard Group Inc. now owns 1,372,123 shares of the company’s stock worth $43,620,000 after buying an additional 49,679 shares in the last quarter. 19.91% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on CENT shares. Zacks Investment Research raised shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. CL King initiated coverage on shares of Central Garden & Pet in a research report on Thursday, December 7th. They set a “buy” rating and a $47.00 price objective for the company. BidaskClub cut shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. KeyCorp raised shares of Central Garden & Pet from a “sector weight” rating to an “overweight” rating and set a $44.00 price objective for the company in a research report on Monday, January 22nd. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Central Garden & Pet in a research report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $44.00.

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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.

Insider Buying and Selling by Quarter for Central Garden & Pet (NASDAQ:CENT)

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