Central Garden & Pet (NASDAQ:CENT) CAO Sells $400,500.00 in Stock

Central Garden & Pet (NASDAQ:CENTGet Free Report) CAO Howard Machek sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $40.05, for a total transaction of $400,500.00. Following the completion of the sale, the chief accounting officer now directly owns 51,474 shares in the company, valued at $2,061,533.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Central Garden & Pet Price Performance

NASDAQ CENT traded up $0.76 on Wednesday, reaching $47.33. 68,435 shares of the company’s stock traded hands, compared to its average volume of 110,892. The stock has a market cap of $3.18 billion, a PE ratio of 21.15 and a beta of 0.72. The stock has a 50-day simple moving average of $41.84 and a 200 day simple moving average of $36.91. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.33 and a quick ratio of 1.68. Central Garden & Pet has a 12 month low of $28.58 and a 12 month high of $47.48.

Central Garden & Pet (NASDAQ:CENTGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.16. Central Garden & Pet had a net margin of 4.49% and a return on equity of 11.30%. The business had revenue of $900.10 million for the quarter, compared to the consensus estimate of $888.74 million. During the same period in the previous year, the firm earned $0.72 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, research analysts predict that Central Garden & Pet will post 2.4 earnings per share for the current year.

Hedge Funds Weigh In On Central Garden & Pet

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in shares of Central Garden & Pet by 6.6% during the 4th quarter. SG Americas Securities LLC now owns 5,613 shares of the company’s stock worth $281,000 after purchasing an additional 346 shares during the period. Values First Advisors Inc. grew its stake in Central Garden & Pet by 7.3% during the 4th quarter. Values First Advisors Inc. now owns 9,941 shares of the company’s stock worth $498,000 after buying an additional 673 shares during the last quarter. Inspire Investing LLC lifted its position in Central Garden & Pet by 9.3% during the first quarter. Inspire Investing LLC now owns 8,386 shares of the company’s stock valued at $359,000 after purchasing an additional 712 shares during the period. New York State Teachers Retirement System raised its position in Central Garden & Pet by 21.8% during the fourth quarter. New York State Teachers Retirement System now owns 5,137 shares of the company’s stock valued at $257,000 after acquiring an additional 919 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Central Garden & Pet by 28.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,850 shares of the company’s stock worth $243,000 after buying an additional 1,070 shares in the last quarter. 16.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CENT shares. Truist Financial lifted their target price on Central Garden & Pet from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, February 9th. TheStreet upgraded shares of Central Garden & Pet from a “c+” rating to a “b-” rating in a report on Friday, March 1st. Canaccord Genuity Group started coverage on shares of Central Garden & Pet in a research note on Tuesday, March 12th. They issued a “buy” rating and a $52.00 price target on the stock. Monness Crespi & Hardt raised shares of Central Garden & Pet to a “strong-buy” rating in a research note on Thursday, May 9th. Finally, Canaccord Genuity Group began coverage on shares of Central Garden & Pet in a research report on Tuesday, March 12th. They issued a “buy” rating and a $52.00 price target for the company. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $54.67.

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About Central Garden & Pet

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Central Garden & Pet Company produces and distributes various 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 provides dog and cat supplies, such as dog treats and chews, toys, pet beds and containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.

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

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