Central Garden & Pet Company (NASDAQ:CENT) General Counsel George A. Yuhas sold 4,364 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $33.37, for a total value of $145,626.68. Following the completion of the sale, the general counsel now directly owns 50,259 shares in the company, valued at $1,677,142.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Central Garden & Pet Company (NASDAQ CENT) traded up 1.00% during midday trading on Thursday, reaching $35.25. The company’s stock had a trading volume of 44,287 shares. Central Garden & Pet Company has a 12-month low of $22.97 and a 12-month high of $39.33. The firm has a 50 day moving average price of $33.50 and a 200-day moving average price of $34.09. The company has a market cap of $1.83 billion, a P/E ratio of 26.58 and a beta of 0.12.

Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 posted $0.48 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts predict that Central Garden & Pet Company will post $1.51 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its position in shares of Central Garden & Pet by 4.3% in the first quarter. Bank of America Corp DE now owns 244,542 shares of the company’s stock worth $9,065,000 after buying an additional 10,162 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Central Garden & Pet during the first quarter worth about $257,000. Fifth Third Bancorp bought a new position in shares of Central Garden & Pet during the first quarter worth about $559,000. State of Tennessee Treasury Department increased its position in shares of Central Garden & Pet by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 9,408 shares of the company’s stock worth $349,000 after buying an additional 1,420 shares in the last quarter. Finally, Driehaus Capital Management LLC increased its position in shares of Central Garden & Pet by 25.0% in the first quarter. Driehaus Capital Management LLC now owns 52,847 shares of the company’s stock worth $1,959,000 after buying an additional 10,565 shares in the last quarter. Institutional investors and hedge funds own 20.19% of the company’s stock.

Several equities research analysts recently weighed in on the company. BidaskClub raised Central Garden & Pet from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Central Garden & Pet in a report on Tuesday, June 20th. Zacks Investment Research raised Central Garden & Pet from a “sell” rating to a “hold” rating and set a $41.00 target price on the stock in a report on Friday, August 4th. Sidoti raised Central Garden & Pet from a “neutral” rating to a “buy” rating in a report on Monday, June 19th. Finally, CL King assumed coverage on Central Garden & Pet in a report on Friday, July 7th. They issued a “buy” rating and a $38.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus 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)

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