Central Garden & Pet Co (CENT) Director John Ranelli Sells 2,000 Shares

Central Garden & Pet Co (NASDAQ:CENT) Director John Ranelli sold 2,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $37.19, for a total transaction of $74,380.00. Following the sale, the director now owns 17,209 shares in the company, valued at $640,002.71. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

John Ranelli also recently made the following trade(s):

  • On Monday, December 11th, John Ranelli sold 16,189 shares of Central Garden & Pet stock. The shares were sold at an average price of $38.17, for a total transaction of $617,934.13.
  • On Wednesday, December 13th, John Ranelli sold 46,991 shares of Central Garden & Pet stock. The shares were sold at an average price of $37.87, for a total transaction of $1,779,549.17.

Shares of Central Garden & Pet Co (NASDAQ:CENT) traded up $0.70 during midday trading on Thursday, reaching $39.07. 134,700 shares of the company’s stock were exchanged, compared to its average volume of 112,841. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.46 and a current ratio of 4.42. The company has a market cap of $1,970.00, a P/E ratio of 25.04, a P/E/G ratio of 2.03 and a beta of 0.07. Central Garden & Pet Co has a one year low of $29.08 and a one year high of $42.29.

Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. The company had revenue of $442.01 million for the quarter, compared to the consensus estimate of $435.19 million. Central Garden & Pet had a net margin of 4.69% and a return on equity of 12.86%. Central Garden & Pet’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 EPS. equities analysts anticipate that Central Garden & Pet Co will post 1.89 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its holdings in shares of Central Garden & Pet by 14.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 44,976 shares of the company’s stock worth $1,430,000 after buying an additional 5,682 shares during the last quarter. Moody Aldrich Partners LLC increased its holdings in shares of Central Garden & Pet by 25.3% in the 4th quarter. Moody Aldrich Partners LLC now owns 48,015 shares of the company’s stock worth $1,869,000 after buying an additional 9,702 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Central Garden & Pet by 27.6% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,500 shares of the company’s stock worth $486,000 after buying an additional 2,700 shares during the last quarter. 361 Capital LLC bought a new stake in shares of Central Garden & Pet in the 3rd quarter worth about $2,199,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Central Garden & Pet by 67.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 300,759 shares of the company’s stock worth $11,681,000 after buying an additional 120,898 shares during the last quarter. Hedge funds and other institutional investors own 19.91% of the company’s stock.

A number of analysts have issued reports on CENT shares. Zacks Investment Research upgraded shares of Central Garden & Pet from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Friday, February 9th. Oppenheimer reiterated a “hold” rating on shares of Central Garden & Pet in a report on Wednesday, November 29th. KeyCorp upgraded shares of Central Garden & Pet from a “sector weight” rating to an “overweight” rating and set a $44.00 price target on the stock in a report on Monday, January 22nd. BidaskClub downgraded shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, CL King started coverage on shares of Central Garden & Pet in a report on Thursday, December 7th. They issued a “buy” rating and a $47.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $44.00.

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Central Garden & Pet Company Profile

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.

Insider Buying and Selling by Quarter for Central Garden & Pet (NASDAQ:CENT)

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