Shares of Central Garden & Pet Company (NASDAQ:CENT) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $41.54 and last traded at $39.61, with a volume of 99800 shares trading hands. The stock had previously closed at $39.63.

Several analysts have issued reports on CENT shares. Zacks Investment Research cut Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Sidoti cut Central Garden & Pet from a “buy” rating to a “neutral” rating in a research note on Monday, October 16th. KeyCorp restated a “hold” rating on shares of Central Garden & Pet in a research note on Monday, October 16th. BidaskClub cut Central Garden & Pet from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Finally, Oppenheimer reiterated a “hold” rating on shares of Central Garden & Pet in a research report on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $39.00.

The company has a debt-to-equity ratio of 0.62, a current ratio of 3.10 and a quick ratio of 1.37. The stock has a market capitalization of $2,050.77, a PE ratio of 26.58, a price-to-earnings-growth ratio of 2.39 and a beta of 0.03.

Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings results on Tuesday, November 28th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $490.46 million for the quarter, compared to analyst estimates of $439.07 million. Central Garden & Pet had a return on equity of 12.81% and a net margin of 3.84%. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 earnings per share. analysts forecast that Central Garden & Pet Company will post 1.66 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of CENT. BNP Paribas Arbitrage SA increased its position in Central Garden & Pet by 20.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,136 shares of the company’s stock valued at $100,000 after acquiring an additional 537 shares during the period. Sei Investments Co. increased its position in Central Garden & Pet by 8.9% in the 2nd quarter. Sei Investments Co. now owns 4,633 shares of the company’s stock valued at $148,000 after acquiring an additional 380 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Central Garden & Pet by 58.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 3,830 shares of the company’s stock valued at $149,000 after acquiring an additional 1,420 shares during the period. Envestnet Asset Management Inc. increased its position in Central Garden & Pet by 104.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,273 shares of the company’s stock valued at $166,000 after acquiring an additional 2,185 shares during the period. Finally, Alliancebernstein L.P. acquired a new stake in Central Garden & Pet in the 1st quarter valued at approximately $222,000. Hedge funds and other institutional investors own 20.05% of the company’s stock.

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Central Garden & Pet Company Profile

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.

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