Central Garden & Pet Co. (NASDAQ:CENT) Chairman William E. Brown sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $27.61, for a total value of $552,200.00. Following the completion of the transaction, the chairman now directly owns 2,148,593 shares of the company’s stock, valued at $59,322,652.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Central Garden & Pet Co. (NASDAQ:CENT) traded down 0.96% during midday trading on Monday, hitting $28.90. The company’s stock had a trading volume of 16,105 shares. Central Garden & Pet Co. has a 12 month low of $11.67 and a 12 month high of $29.98. The company’s 50 day moving average price is $25.74 and its 200 day moving average price is $23.62. The firm has a market cap of $1.47 billion, a P/E ratio of 31.86 and a beta of 0.36.

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

Institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. raised its position in Central Garden & Pet Co. by 3.2% in the first quarter. Prudential Financial Inc. now owns 22,700 shares of the company’s stock valued at $371,000 after buying an additional 700 shares during the last quarter. BlackRock Group LTD raised its position in Central Garden & Pet Co. by 162.3% in the first quarter. BlackRock Group LTD now owns 69,601 shares of the company’s stock valued at $1,137,000 after buying an additional 43,065 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Central Garden & Pet Co. by 43.4% in the first quarter. Goldman Sachs Group Inc. now owns 50,555 shares of the company’s stock valued at $826,000 after buying an additional 15,301 shares during the last quarter. Creative Planning raised its position in Central Garden & Pet Co. by 5.8% in the second quarter. Creative Planning now owns 17,400 shares of the company’s stock valued at $397,000 after buying an additional 950 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new position in Central Garden & Pet Co. during the second quarter valued at about $356,000. Hedge funds and other institutional investors own 19.50% of the company’s stock.

CENT has been the subject of several recent analyst reports. Zacks Investment Research raised Central Garden & Pet Co. from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a report on Thursday, August 4th. Sidoti initiated coverage on Central Garden & Pet Co. in a report on Wednesday, August 17th. They set a “neutral” rating for the company. Finally, Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Central Garden & Pet Co. in a report on Friday, August 26th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Central Garden & Pet Co. has a consensus rating of “Buy” and a consensus price target of $24.33.

About Central Garden & Pet Co.

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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