Press coverage about Central Garden & Pet Co (NASDAQ:CENT) has been trending positive recently, according to AlphaOne. The research firm, a unit of Accern, identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Central Garden & Pet Co earned a news sentiment score of 0.25 on AlphaOne’s scale. AlphaOne also gave media stories about the company an impact score of 87 out of 100, meaning that recent media coverage is very likely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted AlphaOne Sentiment’s rankings:
- Oversold Conditions For Central Garden & Pet (CENTA) (nasdaq.com)
- Insider Selling: Central Garden & Pet Co (CENT) Director Sells 629 Shares of Stock (americanbankingnews.com)
- Central Garden & Pet Co (CENT) Director Sells $38,834.12 in Stock (americanbankingnews.com)
- Central Garden & Pet Co (CENT) Director John Ranelli Sells 6,825 Shares (americanbankingnews.com)
- Form 4 CENTRAL GARDEN & PET CO For: May 11 Filed by: Reed Michael A (streetinsider.com)
Several analysts have weighed in on CENT shares. Zacks Investment Research upgraded Central Garden & Pet Co from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Tuesday, April 25th. Argus started coverage on Central Garden & Pet Co in a research note on Wednesday, April 19th. They set a “buy” rating and a $44.00 target price on the stock. Finally, Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Central Garden & Pet Co in a research note on Saturday, March 25th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $40.00.
Central Garden & Pet Co (NASDAQ:CENT) traded up 7.66% during trading on Friday, hitting $31.76. The stock had a trading volume of 186,463 shares. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 26.20 and a beta of 0.42. Central Garden & Pet Co has a 12 month low of $17.72 and a 12 month high of $39.33. The stock has a 50 day moving average price of $36.11 and a 200-day moving average price of $33.43.
Central Garden & Pet Co (NASDAQ:CENT) last issued its quarterly earnings results on Wednesday, May 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.03. Central Garden & Pet Co had a return on equity of 12.71% and a net margin of 3.22%. The firm had revenue of $570 million during the quarter, compared to analyst estimates of $572.37 million. During the same period last year, the company earned $0.65 EPS. Central Garden & Pet Co’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts predict that Central Garden & Pet Co will post $1.41 EPS for the current year.
In other Central Garden & Pet Co news, General Counsel George A. Yuhas sold 7,287 shares of Central Garden & Pet Co stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $32.46, for a total transaction of $236,536.02. Following the completion of the sale, the general counsel now directly owns 64,325 shares of the company’s stock, valued at approximately $2,087,989.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael A. Reed sold 15,107 shares of Central Garden & Pet Co stock in a transaction on Friday, May 12th. The shares were sold at an average price of $33.21, for a total value of $501,703.47. Following the sale, the insider now directly owns 142,558 shares of the company’s stock, valued at $4,734,351.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,111 shares of company stock valued at $3,801,029. 11.60% of the stock is currently owned by corporate insiders.
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About Central Garden & Pet Co
Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Pet segment and the Garden segment. It is a marketer and producer of pet supplies in the United States.
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