Central Garden & Pet Co (NASDAQ:CENT) Director Michael Edwards bought 2,930 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were bought at an average cost of $34.07 per share, for a total transaction of $99,825.10. Following the completion of the acquisition, the director now directly owns 2,930 shares in the company, valued at approximately $99,825.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NASDAQ:CENT opened at $33.03 on Friday. The stock has a market capitalization of $1.70 billion, a PE ratio of 16.81 and a beta of 0.03. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.71 and a current ratio of 5.72. Central Garden & Pet Co has a 1 year low of $29.81 and a 1 year high of $45.02.
Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings data on Tuesday, November 27th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $502.30 million for the quarter, compared to the consensus estimate of $510.26 million. Central Garden & Pet had a return on equity of 13.33% and a net margin of 5.58%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 EPS. On average, equities research analysts forecast that Central Garden & Pet Co will post 1.85 EPS for the current fiscal year.
Several research analysts have commented on the company. BMO Capital Markets assumed coverage on Central Garden & Pet in a report on Monday, August 13th. They set a “buy” rating and a $45.00 target price on the stock. ValuEngine downgraded Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Zacks Investment Research raised Central Garden & Pet from a “strong sell” rating to a “hold” rating in a research note on Monday, October 22nd. BidaskClub raised Central Garden & Pet from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 9th. Finally, Bank of America began coverage on Central Garden & Pet in a research note on Monday, September 10th. They issued a “buy” rating and a $44.00 price objective on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $44.17.
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Central Garden & Pet by 308.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,537,598 shares of the company’s stock valued at $187,466,000 after purchasing an additional 4,180,716 shares during the period. BlackRock Inc. lifted its stake in shares of Central Garden & Pet by 1.6% in the 3rd quarter. BlackRock Inc. now owns 1,598,764 shares of the company’s stock valued at $57,619,000 after purchasing an additional 25,919 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Central Garden & Pet by 19.7% in the 3rd quarter. Wells Fargo & Company MN now owns 1,100,725 shares of the company’s stock valued at $39,671,000 after purchasing an additional 180,781 shares during the period. FMR LLC lifted its stake in shares of Central Garden & Pet by 107.9% in the 2nd quarter. FMR LLC now owns 984,953 shares of the company’s stock valued at $42,826,000 after purchasing an additional 511,229 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Central Garden & Pet by 2.4% in the 2nd quarter. Renaissance Technologies LLC now owns 803,076 shares of the company’s stock valued at $34,918,000 after purchasing an additional 18,900 shares during the period. 32.06% of the stock is currently owned by institutional investors.
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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 comprising edible bones, edible and non-edible chews, rawhide, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and food, cages and habitats, toys, chews, and related accessories for birds, small animals, and specialty pets.
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