Shares of Central Garden & Pet Company (NASDAQ:CENT) have received a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $41.00.

A number of equities analysts have recently commented on the company. KeyCorp reissued a “hold” rating on shares of Central Garden & Pet in a research report on Wednesday, September 6th. BidaskClub raised Central Garden & Pet from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research raised Central Garden & Pet from a “sell” rating to a “hold” rating and set a $41.00 price objective for the company in a research report on Friday, August 4th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Central Garden & Pet in a research report on Thursday, August 3rd. Finally, CL King assumed coverage on Central Garden & Pet in a research report on Friday, July 7th. They set a “buy” rating and a $38.00 price objective for the company.

In related news, Director John Ranelli sold 11,800 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $34.41, for a total value of $406,038.00. Following the completion of the transaction, the director now directly owns 110,668 shares of the company’s stock, valued at $3,808,085.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel George A. Yuhas sold 4,364 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $33.37, for a total value of $145,626.68. Following the completion of the transaction, the general counsel now directly owns 50,259 shares of the company’s stock, valued at $1,677,142.83. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,890 shares of company stock valued at $2,612,545. Corporate insiders own 11.60% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in CENT. BNP Paribas Arbitrage SA boosted its holdings in Central Garden & Pet by 20.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,136 shares of the company’s stock valued at $100,000 after purchasing an additional 537 shares in the last quarter. Sei Investments Co. boosted its holdings in Central Garden & Pet by 8.9% in the second quarter. Sei Investments Co. now owns 4,633 shares of the company’s stock valued at $148,000 after purchasing an additional 380 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Central Garden & Pet by 65.7% in the first quarter. PNC Financial Services Group Inc. now owns 4,140 shares of the company’s stock valued at $153,000 after purchasing an additional 1,641 shares in the last quarter. Thrivent Financial For Lutherans acquired a new position in Central Garden & Pet in the first quarter valued at approximately $212,000. Finally, Alliancebernstein L.P. acquired a new position in Central Garden & Pet in the first quarter valued at approximately $222,000. 20.19% of the stock is owned by hedge funds and other institutional investors.

Shares of Central Garden & Pet (CENT) traded down 0.11% on Wednesday, reaching $36.96. 61,950 shares of the company’s stock traded hands. Central Garden & Pet has a 52 week low of $22.97 and a 52 week high of $39.33. The firm has a market capitalization of $1.91 billion, a P/E ratio of 27.87 and a beta of 0.10. The firm’s 50 day moving average is $35.05 and its 200 day moving average is $34.26.

Central Garden & Pet (NASDAQ:CENT) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.11. The company had revenue of $574.59 million for the quarter, compared to analyst estimates of $544.26 million. Central Garden & Pet had a net margin of 3.49% and a return on equity of 13.66%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 earnings per share. Analysts expect that Central Garden & Pet will post $1.51 earnings per share for the current fiscal year.

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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.

Analyst Recommendations for Central Garden & Pet (NASDAQ:CENT)

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