Central Garden & Pet Co. (NASDAQ:CENT) Director John Ranelli sold 7,886 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $25.49, for a total transaction of $201,014.14. Following the completion of the sale, the director now directly owns 96,379 shares of the company’s stock, valued at approximately $2,456,700.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, August 15th, John Ranelli sold 7,886 shares of Central Garden & Pet Co. stock. The shares were sold at an average price of $26.91, for a total transaction of $212,212.26.

Central Garden & Pet Co. (NASDAQ:CENT) traded down 0.168% during mid-day trading on Friday, hitting $26.805. 4,241 shares of the stock were exchanged. The company has a 50-day moving average price of $25.41 and a 200-day moving average price of $21.51. The company has a market cap of $1.36 billion, a P/E ratio of 29.553 and a beta of 0.63. Central Garden & Pet Co. has a one year low of $11.67 and a one year high of $27.89.

Central Garden & Pet Co. (NASDAQ:CENT) last released its earnings results on Tuesday, August 2nd. The company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.05. Central Garden & Pet Co. had a return on equity of 11.04% and a net margin of 2.54%. The company had revenue of $514.54 million for the quarter, compared to analysts’ expectations of $490.85 million. During the same quarter in the previous year, the business posted $0.38 EPS. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, analysts predict that Central Garden & Pet Co. will post $1.17 earnings per share for the current fiscal year.

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

Several brokerages have issued reports on CENT. Zacks Investment Research downgraded shares of Central Garden & Pet Co. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Central Garden & Pet Co. in a research report on Friday, August 26th. Sidoti began coverage on shares of Central Garden & Pet Co. in a research report on Wednesday, August 17th. They issued a “neutral” rating for the company. Finally, SunTrust Banks Inc. raised shares of Central Garden & Pet Co. from a “neutral” rating to a “buy” rating in a research report on Thursday, June 16th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.50.

Institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. boosted its position in Central Garden & Pet Co. by 1,864.6% in the second quarter. Citigroup Inc. now owns 4,715 shares of the company’s stock valued at $107,000 after buying an additional 4,475 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Central Garden & Pet Co. by 277.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,443 shares of the company’s stock valued at $124,000 after buying an additional 4,000 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Central Garden & Pet Co. by 12.2% in the second quarter. New York State Teachers Retirement System now owns 6,442 shares of the company’s stock valued at $147,000 after buying an additional 700 shares in the last quarter. American International Group Inc. raised its stake in shares of Central Garden & Pet Co. by 262.5% in the second quarter. American International Group Inc. now owns 7,493 shares of the company’s stock valued at $171,000 after buying an additional 5,426 shares in the last quarter. Finally, Nationwide Fund Advisors raised its stake in shares of Central Garden & Pet Co. by 288.0% in the second quarter. Nationwide Fund Advisors now owns 8,149 shares of the company’s stock valued at $186,000 after buying an additional 6,049 shares in the last quarter. 19.02% of the stock is currently owned by institutional investors.

Central Garden & Pet Co. Company Profile

Central Garden & Pet Company is a marketer and producer of branded products, and distributor of third party products to pet, and lawn and garden supplies industries. The Company’s segments are Pet and Garden. Its Pet segment is engaged in the manufacturing, purchase, sale and delivery of internally and externally produced pet supplies, books and food to independent pet distributors, national and regional retail chains, grocery stores, mass merchants and bookstores.

5 Day Chart for NASDAQ:CENT

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