Mary Beth Springer Sells 2,325 Shares of Central Garden & Pet Co (CENT) Stock

Central Garden & Pet Co (NASDAQ:CENT) Director Mary Beth Springer sold 2,325 shares of the company’s 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 transaction, the director now directly owns 1,260 shares in the company, valued at approximately $34,322.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of CENT traded up $0.28 during trading hours on Tuesday, reaching $30.33. 195,583 shares of the company traded hands, compared to its average volume of 158,953. The firm has a market capitalization of $1.75 billion, a P/E ratio of 15.88 and a beta of -0.05. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.79 and a current ratio of 4.52. Central Garden & Pet Co has a 1-year low of $25.07 and a 1-year high of $45.02.

Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.03. The business had revenue of $673.70 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.86 earnings per share. As a group, equities analysts forecast that Central Garden & Pet Co will post 1.85 earnings per share for the current year.

A number of equities analysts have recently issued reports on CENT shares. Argus dropped their price target on Central Garden & Pet from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, March 5th. BidaskClub raised shares of Central Garden & Pet from a “strong sell” rating to a “sell” rating in a research report on Tuesday, April 30th. ValuEngine raised shares of Central Garden & Pet from a “strong sell” rating to a “sell” rating in a research report on Monday, April 15th. Finally, TheStreet lowered shares of Central Garden & Pet from a “b” rating to a “c+” rating in a research report on Wednesday, February 27th. One investment analyst has rated the stock with a sell rating, three have assigned 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 $40.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of CENT. Atlanta Capital Management Co. L L C acquired a new position in Central Garden & Pet during the fourth quarter worth $16,141,000. PNC Financial Services Group Inc. grew its position in Central Garden & Pet by 1,595.0% in the fourth 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. Eqis Capital Management Inc. grew its position in Central Garden & Pet by 43.2% in the fourth quarter. Eqis Capital Management Inc. now owns 48,517 shares of the company’s stock worth $1,671,000 after buying an additional 14,629 shares during the last quarter. Vanguard Group Inc. grew its position in Central Garden & Pet by 308.1% in the third quarter. Vanguard Group Inc. now owns 5,537,598 shares of the company’s stock worth $187,466,000 after buying an additional 4,180,716 shares during the last quarter. Finally, MetLife Investment Advisors LLC grew its position in Central Garden & Pet by 62.3% in the third quarter. MetLife Investment Advisors LLC now owns 7,214 shares of the company’s stock worth $260,000 after buying an additional 2,768 shares during the last quarter. 21.84% of the stock is currently owned by institutional investors and hedge funds.

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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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