Media coverage about Central Garden & Pet Company (NASDAQ:CENT) has trended somewhat positive this week, according to Alpha One Sentiment Analysis. The research firm, a unit of Accern, scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Central Garden & Pet Company earned a media sentiment score of 0.20 on Alpha One’s scale. Alpha One also gave news articles about the company an impact score of 50 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected Alpha One Sentiment’s analysis:
- Central Garden & Pet Company (CENT) Given News Sentiment Score of 0.21 (footballhebdo.com)
- New Advanced Adams™ Flea and Tick Collar On-Shelves in Time for What CDC Predicts Could Be Worst Summer for Increase in Tick Population (businesswire.com)
- Central Garden & Pet Company (CENT) Sees Large Decrease in Short Interest (americanbankingnews.com)
- TeraGanix Announces Distribution Agreement With Central Garden & Pet (einpresswire.com)
- Critical Analysis: Central Garden & Pet Company (CENT) & Cal-Maine Foods (CALM) (americanbankingnews.com)
CENT has been the topic of several analyst reports. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Central Garden & Pet Company in a report on Saturday, March 25th. Argus initiated coverage on shares of Central Garden & Pet Company in a report on Wednesday, April 19th. They issued a “buy” rating and a $44.00 target price on the stock. Zacks Investment Research raised shares of Central Garden & Pet Company from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Tuesday, April 25th. Finally, BidaskClub raised shares of Central Garden & Pet Company from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $40.00.
Shares of Central Garden & Pet Company (CENT) traded down 1.22% during mid-day trading on Friday, hitting $30.84. 111,165 shares of the company traded hands. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 25.45 and a beta of 0.21. Central Garden & Pet Company has a 52-week low of $20.80 and a 52-week high of $39.33. The firm has a 50-day moving average price of $32.58 and a 200 day moving average price of $34.00.
Central Garden & Pet Company (NASDAQ:CENT) last released its quarterly earnings results on Wednesday, May 3rd. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.64 by $0.03. The business had revenue of $570 million during the quarter, compared to analyst estimates of $572.37 million. Central Garden & Pet Company had a net margin of 3.27% and a return on equity of 12.72%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 earnings per share. Equities research analysts anticipate that Central Garden & Pet Company will post $1.41 EPS for the current fiscal year.
In related news, Director John Ranelli sold 3,100 shares of the stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $29.33, for a total value of $90,923.00. Following the completion of the transaction, the director now owns 110,668 shares in the company, valued at approximately $3,245,892.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael A. Reed sold 15,107 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $33.21, for a total transaction of $501,703.47. Following the completion of the transaction, the insider now owns 142,558 shares of the company’s stock, valued at approximately $4,734,351.18. The disclosure for this sale can be found here. Insiders sold a total of 82,382 shares of company stock valued at $2,613,603 in the last quarter. 11.60% of the stock is currently owned by insiders.
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About Central Garden & Pet Company
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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