Central Garden & Pet (NASDAQ:CENT) was upgraded by equities researchers at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Monday, ValuEngine reports.

A number of other research firms have also issued reports on CENT. BidaskClub lowered Central Garden & Pet from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 16th. Argus cut their price target on Central Garden & Pet from $40.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, March 5th. Finally, TheStreet downgraded Central Garden & Pet from a “b” rating to a “c+” rating in a report on Wednesday, February 27th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Central Garden & Pet has an average rating of “Hold” and a consensus target price of $41.00.

CENT stock traded down $0.10 on Monday, reaching $25.85. The company had a trading volume of 294,787 shares, compared to its average volume of 115,543. Central Garden & Pet has a 1 year low of $25.07 and a 1 year high of $45.02. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.12 and a current ratio of 5.10. The firm has a market cap of $1.50 billion, a P/E ratio of 13.53 and a beta of -0.06.

Central Garden & Pet (NASDAQ:CENT) last posted its earnings results on Wednesday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). Central Garden & Pet had a net margin of 4.44% and a return on equity of 11.19%. The company had revenue of $462.00 million during the quarter, compared to analysts’ expectations of $487.52 million. During the same period in the previous year, the company posted $0.19 EPS. Central Garden & Pet’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, research analysts predict that Central Garden & Pet will post 1.8 earnings per share for the current year.

In other Central Garden & Pet news, Director Brooks Pennington III sold 1,944 shares of the business’s stock in a transaction on Wednesday, January 16th. The stock was sold at an average price of $34.70, for a total value of $67,456.80. Following the completion of the transaction, the director now directly owns 41,305 shares in the company, valued at approximately $1,433,283.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 12.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Oppenheimer Asset Management Inc. acquired a new position in Central Garden & Pet in the 4th quarter valued at $29,000. Huntington National Bank raised its holdings in Central Garden & Pet by 41.4% in the 4th quarter. Huntington National Bank now owns 1,155 shares of the company’s stock valued at $40,000 after acquiring an additional 338 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in Central Garden & Pet in the 4th quarter valued at $100,000. Metropolitan Life Insurance Co. NY raised its holdings in Central Garden & Pet by 371.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,513 shares of the company’s stock valued at $121,000 after acquiring an additional 2,768 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new stake in shares of Central Garden & Pet during the 4th quarter worth $135,000. Institutional investors own 21.96% of the company’s stock.

Central Garden & Pet Company Profile

Central Garden & Pet Company, together with its subsidiaries, produces and distributes products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments, Pet and Garden. The Pet segment supplies products for dogs and cats, including edible bones, edible and non-edible chews, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as food, cages and habitats, toys, chews, and related accessories.

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

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