Central Garden & Pet (NASDAQ:CENT) Director Sells 3,250 Shares

Central Garden & Pet Company (NASDAQ:CENT) Director Brendan Dougher sold 3,250 shares of Central Garden & Pet stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $33.38, for a total value of $108,485.00. Following the transaction, the director owned 12,845 shares in the company, valued at $428,766.10. This trade represents a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Central Garden & Pet Stock Performance

CENT traded down $0.40 during midday trading on Wednesday, reaching $37.34. The company had a trading volume of 71,272 shares, compared to its average volume of 69,936. The business has a 50-day moving average of $33.21 and a two-hundred day moving average of $33.65. The company has a quick ratio of 1.97, a current ratio of 3.42 and a debt-to-equity ratio of 0.76. Central Garden & Pet Company has a 1 year low of $28.77 and a 1 year high of $41.25. The company has a market cap of $2.33 billion, a P/E ratio of 15.24 and a beta of 0.73.

Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.10. Central Garden & Pet had a return on equity of 10.99% and a net margin of 5.04%.The company had revenue of $617.37 million during the quarter, compared to the consensus estimate of $636.62 million. During the same period in the previous year, the company posted $0.21 EPS. The firm’s revenue was down 5.9% on a year-over-year basis. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. As a group, equities research analysts predict that Central Garden & Pet Company will post 2.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Central Garden & Pet

Several institutional investors have recently bought and sold shares of CENT. Russell Investments Group Ltd. grew its stake in shares of Central Garden & Pet by 632.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 974 shares of the company’s stock worth $32,000 after buying an additional 841 shares in the last quarter. Quarry LP purchased a new position in Central Garden & Pet in the third quarter worth about $35,000. Stenger Family Office LLC bought a new stake in Central Garden & Pet during the second quarter worth approximately $48,000. CWM LLC lifted its stake in shares of Central Garden & Pet by 222.4% in the 2nd quarter. CWM LLC now owns 1,412 shares of the company’s stock valued at $50,000 after purchasing an additional 974 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Central Garden & Pet by 152.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,920 shares of the company’s stock valued at $68,000 after purchasing an additional 1,159 shares during the last quarter. Institutional investors own 16.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Canaccord Genuity Group restated a “buy” rating and issued a $50.00 price objective on shares of Central Garden & Pet in a research report on Tuesday, November 25th. Zacks Research downgraded Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. CJS Securities raised shares of Central Garden & Pet to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Weiss Ratings raised shares of Central Garden & Pet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

About Central Garden & Pet

Central Garden & Pet (NASDAQ: CENT) is a leading North American specialty retailer, manufacturer and distributor serving the lawn and garden and pet supplies markets. The company operates through two primary segments: Pet and Garden. In the Pet segment, Central Garden & Pet offers a comprehensive range of products including pet food, treats, accessories, training products and habitat solutions for dogs, cats, birds, fish and small animals. The Garden segment encompasses a wide array of lawn, garden and outdoor living products, such as soils, fertilizers, planters, pest control solutions, landscape lighting and watering equipment.

Central Garden & Pet’s product portfolio includes both proprietary and branded offerings.