Central Garden & Pet Company (NASDAQ:CENT) insider Michael A. Reed sold 15,016 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $34.31, for a total value of $515,198.96. Following the completion of the transaction, the insider now owns 135,008 shares of the company’s stock, valued at $4,632,124.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Central Garden & Pet Company (CENT) traded up 2.57% on Friday, hitting $34.26. The company had a trading volume of 80,190 shares. The firm’s 50 day moving average price is $33.02 and its 200 day moving average price is $34.03. Central Garden & Pet Company has a 12-month low of $22.97 and a 12-month high of $39.33. The stock has a market cap of $1.77 billion, a P/E ratio of 25.84 and a beta of 0.12.

Central Garden & Pet (NASDAQ:CENT) last released its earnings results on Wednesday, August 2nd. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.11. Central Garden & Pet had a return on equity of 13.66% and a net margin of 3.49%. The business had revenue of $574.59 million for the quarter, compared to the consensus estimate of $544.26 million. During the same period last year, the business earned $0.48 earnings per share. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts predict that Central Garden & Pet Company will post $1.50 earnings per share for the current fiscal year.

WARNING: This news story was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/08/19/central-garden-pet-company-cent-insider-sells-515198-96-in-stock-updated.html.

A number of large investors have recently added to or reduced their stakes in CENT. State Street Corp increased its stake in Central Garden & Pet by 5.4% in the fourth quarter. State Street Corp now owns 188,769 shares of the company’s stock worth $6,245,000 after buying an additional 9,753 shares during the period. Guggenheim Capital LLC increased its stake in Central Garden & Pet by 5.0% in the fourth quarter. Guggenheim Capital LLC now owns 28,967 shares of the company’s stock worth $959,000 after buying an additional 1,374 shares during the period. Teachers Advisors LLC increased its stake in Central Garden & Pet by 9.9% in the fourth quarter. Teachers Advisors LLC now owns 248,203 shares of the company’s stock worth $8,213,000 after buying an additional 22,292 shares during the period. Hartford Investment Management Co. purchased a new stake in Central Garden & Pet during the first quarter worth $204,000. Finally, James Investment Research Inc. purchased a new stake in Central Garden & Pet during the first quarter worth $2,029,000. 20.89% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on CENT shares. Zacks Investment Research raised Central Garden & Pet from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Tuesday, April 25th. BidaskClub raised Central Garden & Pet from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Sidoti raised Central Garden & Pet from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Central Garden & Pet in a research report on Tuesday, June 20th. Finally, CL King began coverage on Central Garden & Pet in a research report on Friday, July 7th. They issued a “buy” rating and a $38.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $39.00.

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)

Receive News & Stock Ratings for Central Garden & Pet Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Garden & Pet Company and related stocks with our FREE daily email newsletter.