Central Garden & Pet Co (NASDAQ:CENT) Given Average Rating of “Hold” by Analysts

Shares of Central Garden & Pet Co (NASDAQ:CENT) have received an average rating of “Hold” from the ten analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $40.50.

Several research firms have recently issued reports on CENT. SunTrust Banks lowered Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Friday. ValuEngine raised Central Garden & Pet from a “strong sell” rating to a “sell” rating in a report on Monday, April 15th. Finally, BidaskClub raised Central Garden & Pet from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th.

CENT traded down $6.67 during midday trading on Friday, reaching $23.43. 341,381 shares of the company were exchanged, compared to its average volume of 53,380. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.79 and a current ratio of 4.52. The stock has a fifty day moving average of $28.21. The company has a market cap of $1.37 billion, a P/E ratio of 12.27 and a beta of -0.13. Central Garden & Pet has a one year low of $23.03 and a one year high of $43.93.

Central Garden & Pet (NASDAQ:CENT) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06). The company had revenue of $706.60 million for the quarter, compared to the consensus estimate of $685.99 million. Central Garden & Pet had a return on equity of 9.92% and a net margin of 4.19%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 earnings per share. On average, sell-side analysts forecast that Central Garden & Pet will post 1.8 EPS for the current year.

In other news, Director Mary Beth Springer sold 2,325 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $27.24, for a total value of $63,333.00. Following the completion of the transaction, the director now directly owns 1,260 shares of the company’s stock, valued at $34,322.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Brooks Pennington III sold 1,644 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $26.24, for a total value of $43,138.56. Following the completion of the transaction, the director now owns 42,023 shares in the company, valued at approximately $1,102,683.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,962 shares of company stock valued at $288,224. 12.60% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Swiss National Bank grew its stake in shares of Central Garden & Pet by 4.7% in the second quarter. Swiss National Bank now owns 20,250 shares of the company’s stock worth $546,000 after purchasing an additional 900 shares during the last quarter. Comerica Bank grew its stake in shares of Central Garden & Pet by 143.3% in the second quarter. Comerica Bank now owns 25,037 shares of the company’s stock worth $684,000 after purchasing an additional 14,745 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Central Garden & Pet by 39.0% in the second quarter. Envestnet Asset Management Inc. now owns 29,058 shares of the company’s stock worth $783,000 after purchasing an additional 8,160 shares during the last quarter. Advisor Group Inc. grew its stake in shares of Central Garden & Pet by 32.2% in the second quarter. Advisor Group Inc. now owns 3,062 shares of the company’s stock worth $82,000 after purchasing an additional 745 shares during the last quarter. Finally, Aperio Group LLC bought a new stake in shares of Central Garden & Pet in the second quarter worth about $177,000. Institutional investors and hedge funds own 22.63% of the company’s stock.

About Central Garden & Pet

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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