A number of other research firms also recently weighed in on CENT. TheStreet downgraded shares of Central Garden & Pet from a b rating to a c+ rating in a research report on Wednesday, February 27th. Argus decreased their target price on shares of Central Garden & Pet from $40.00 to $36.00 and set a buy rating for the company in a research report on Tuesday, March 5th. Finally, ValuEngine downgraded shares of Central Garden & Pet from a sell rating to a strong sell rating in a research report on Friday, March 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Central Garden & Pet presently has a consensus rating of Hold and a consensus price target of $40.50.
Central Garden & Pet stock traded down $0.02 during mid-day trading on Thursday, reaching $28.07. The company’s stock had a trading volume of 2,366 shares, compared to its average volume of 110,220. The company has a market cap of $1.61 billion, a P/E ratio of 14.70 and a beta of -0.05. Central Garden & Pet has a 12 month low of $25.07 and a 12 month high of $45.02. The company has a current ratio of 4.52, a quick ratio of 2.79 and a debt-to-equity ratio of 0.69.
Central Garden & Pet (NASDAQ:CENT) last released its earnings results on Monday, May 6th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. The business had revenue of $673.70 million during the quarter, compared to the consensus estimate of $647.00 million. Central Garden & Pet had a net margin of 4.19% and a return on equity of 9.92%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. On average, equities research analysts forecast that Central Garden & Pet will post 1.8 EPS for the current year.
In other Central Garden & Pet news, Director Mary Beth Springer sold 2,325 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $27.24, for a total value of $63,333.00. Following the completion of the sale, the director now owns 1,260 shares in the company, valued at $34,322.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO George C. Roeth sold 3,595 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $26.53, for a total transaction of $95,375.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,318 shares of company stock valued at $245,086. Corporate insiders own 12.60% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Atlanta Capital Management Co. L L C acquired a new stake in Central Garden & Pet in the fourth quarter valued at $16,141,000. PNC Financial Services Group Inc. lifted its stake in shares of Central Garden & Pet by 1,595.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 61,070 shares of the company’s stock worth $2,103,000 after buying an additional 57,467 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Central Garden & Pet by 21.9% during the 4th quarter. Rhumbline Advisers now owns 29,310 shares of the company’s stock worth $1,010,000 after buying an additional 5,257 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Central Garden & Pet by 13.9% during the 4th quarter. Great West Life Assurance Co. Can now owns 13,686 shares of the company’s stock worth $435,000 after buying an additional 1,672 shares during the last quarter. Finally, Portolan Capital Management LLC lifted its stake in shares of Central Garden & Pet by 28.5% during the 4th quarter. Portolan Capital Management LLC now owns 268,230 shares of the company’s stock worth $9,241,000 after buying an additional 59,439 shares during the last quarter. Hedge funds and other institutional investors own 22.69% 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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