Insider Selling: Central Garden & Pet Co (CENT) Director Sells 10,000 Shares of Stock

Central Garden & Pet Co (NASDAQ:CENT) Director Brooks Pennington III sold 10,000 shares of the firm’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $35.47, for a total transaction of $354,700.00. Following the sale, the director now owns 35,928 shares in the company, valued at $1,274,366.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Central Garden & Pet Co (NASDAQ:CENT) opened at $36.61 on Friday. The firm has a market cap of $1,898.12, a price-to-earnings ratio of 24.57, a P/E/G ratio of 2.07 and a beta of 0.03. Central Garden & Pet Co has a 52 week low of $29.08 and a 52 week high of $42.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.37 and a current ratio of 3.10.

Central Garden & Pet (NASDAQ:CENT) last posted its earnings results on Tuesday, November 28th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The company had revenue of $490.46 million for the quarter, compared to analysts’ expectations of $439.07 million. Central Garden & Pet had a net margin of 3.84% and a return on equity of 12.81%. The business’s revenue was up 18.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 earnings per share. equities analysts predict that Central Garden & Pet Co will post 1.77 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of CENT. BNP Paribas Arbitrage SA grew its stake in Central Garden & Pet by 20.7% during the second quarter. BNP Paribas Arbitrage SA now owns 3,136 shares of the company’s stock valued at $100,000 after acquiring an additional 537 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of Central Garden & Pet by 58.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 3,830 shares of the company’s stock worth $149,000 after buying an additional 1,420 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Central Garden & Pet by 104.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,273 shares of the company’s stock worth $166,000 after buying an additional 2,185 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of Central Garden & Pet in the 3rd quarter worth $224,000. Finally, Alliancebernstein L.P. grew its stake in shares of Central Garden & Pet by 21.7% in the 2nd quarter. Alliancebernstein L.P. now owns 7,300 shares of the company’s stock worth $232,000 after buying an additional 1,300 shares in the last quarter. 20.02% of the stock is owned by institutional investors.

Several research firms recently weighed in on CENT. Zacks Investment Research raised shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. CL King began coverage on shares of Central Garden & Pet in a research note on Thursday, December 7th. They set a “buy” rating and a $47.00 target price for the company. KeyCorp reaffirmed a “hold” rating on shares of Central Garden & Pet in a research note on Monday, October 16th. Sidoti cut shares of Central Garden & Pet from a “buy” rating to a “neutral” rating in a research note on Monday, October 16th. Finally, BidaskClub cut shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Central Garden & Pet has an average rating of “Hold” and a consensus price target of $44.00.

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About Central Garden & Pet

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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