Central Garden & Pet (NASDAQ:CENT – Get Free Report) has been assigned a consensus rating of “Buy” from the five analysts that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $52.50.
A number of research firms have recently commented on CENT. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $48.00 price target on shares of Central Garden & Pet in a report on Monday, September 30th. Canaccord Genuity Group raised Central Garden & Pet to a “strong-buy” rating in a report on Monday, July 1st.
View Our Latest Report on CENT
Central Garden & Pet Price Performance
Central Garden & Pet (NASDAQ:CENT – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.11. Central Garden & Pet had a return on equity of 10.66% and a net margin of 4.42%. The firm had revenue of $996.35 million during the quarter, compared to analyst estimates of $1 billion. During the same period last year, the company earned $1.40 earnings per share. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, equities analysts anticipate that Central Garden & Pet will post 2.11 EPS for the current year.
Insider Buying and Selling
In related news, Director Brooks Pennington III sold 1,486 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $32.80, for a total value of $48,740.80. Following the sale, the director now owns 40,743 shares in the company, valued at approximately $1,336,370.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Central Garden & Pet news, Director Brooks Pennington III sold 1,486 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $32.80, for a total transaction of $48,740.80. Following the sale, the director now owns 40,743 shares in the company, valued at $1,336,370.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman William E. Brown sold 60,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $33.54, for a total value of $2,012,400.00. Following the sale, the chairman now owns 1,125,773 shares in the company, valued at $37,758,426.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,986 shares of company stock worth $2,146,841. Corporate insiders own 9.53% of the company’s stock.
Institutional Investors Weigh In On Central Garden & Pet
Large investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new stake in Central Garden & Pet during the second quarter valued at about $51,000. SG Americas Securities LLC purchased a new position in shares of Central Garden & Pet in the third quarter worth about $111,000. Point72 Asset Management L.P. purchased a new position in shares of Central Garden & Pet in the second quarter worth about $113,000. EntryPoint Capital LLC increased its holdings in shares of Central Garden & Pet by 909.2% in the first quarter. EntryPoint Capital LLC now owns 4,269 shares of the company’s stock worth $183,000 after buying an additional 3,846 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Central Garden & Pet in the second quarter worth about $187,000. Hedge funds and other institutional investors own 16.13% of the company’s stock.
About Central Garden & Pet
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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