Central Garden & Pet Co. (NASDAQ:CENT) Chairman William E. Brown sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $26.51, for a total value of $795,300.00. Following the completion of the transaction, the chairman now directly owns 2,178,593 shares in the company, valued at $57,754,500.43. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Central Garden & Pet Co. (NASDAQ:CENT) opened at 29.60 on Friday. Central Garden & Pet Co. has a 52-week low of $11.67 and a 52-week high of $29.26. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 32.64 and a beta of 0.36. The company’s 50 day moving average price is $25.62 and its 200 day moving average price is $23.53.

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

A number of equities analysts have issued reports on the company. Sidoti raised Central Garden & Pet Co. from a “neutral” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Monday, October 31st. Zacks Investment Research raised Central Garden & Pet Co. from a “hold” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a research report on Thursday, August 4th. Finally, Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Central Garden & Pet Co. in a research report on Friday, August 26th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Central Garden & Pet Co. has an average rating of “Buy” and a consensus price target of $24.33.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Citigroup Inc. raised its stake 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 worth $107,000 after buying an additional 4,475 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in 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 worth $124,000 after buying an additional 4,000 shares during the period. New York State Teachers Retirement System raised its stake in 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 worth $147,000 after buying an additional 700 shares during the period. American International Group Inc. raised its stake in 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 worth $171,000 after buying an additional 5,426 shares during the period. Finally, Nationwide Fund Advisors raised its stake in Central Garden & Pet Co. by 288.0% in the second quarter. Nationwide Fund Advisors now owns 8,149 shares of the company’s stock worth $186,000 after buying an additional 6,049 shares during the period. 20.57% of the stock is currently owned by institutional investors and hedge funds.

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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