Insider Selling: Central Garden & Pet Co (CENT) Director Sells 5,000 Shares of Stock

Central Garden & Pet Co (NASDAQ:CENT) Director John Ranelli sold 5,000 shares of the stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $40.88, for a total value of $204,400.00. Following the transaction, the director now owns 7,258 shares in the company, valued at approximately $296,707.04. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Wednesday, May 23rd, John Ranelli sold 9,900 shares of Central Garden & Pet stock. The shares were sold at an average price of $40.77, for a total value of $403,623.00.
  • On Wednesday, February 28th, John Ranelli sold 11,563 shares of Central Garden & Pet stock. The shares were sold at an average price of $36.97, for a total value of $427,484.11.

Shares of Central Garden & Pet traded up $0.22, reaching $40.70, during midday trading on Wednesday, Marketbeat.com reports. 56,820 shares of the company’s stock traded hands, compared to its average volume of 130,130. Central Garden & Pet Co has a 1 year low of $29.51 and a 1 year high of $43.30. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.87 and a quick ratio of 2.12. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 2.12 and a beta of 0.10.

Central Garden & Pet (NASDAQ:CENT) last posted its quarterly earnings data on Monday, May 7th. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.04. Central Garden & Pet had a return on equity of 13.92% and a net margin of 5.09%. The firm had revenue of $613.10 million during the quarter, compared to the consensus estimate of $591.76 million. During the same period in the prior year, the company earned $0.67 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. sell-side analysts expect that Central Garden & Pet Co will post 1.93 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in Central Garden & Pet by 1.6% in the 4th quarter. Wells Fargo & Company MN now owns 813,174 shares of the company’s stock valued at $31,649,000 after purchasing an additional 12,911 shares during the last quarter. Moody Aldrich Partners LLC raised its stake in Central Garden & Pet by 25.3% in the 4th quarter. Moody Aldrich Partners LLC now owns 48,015 shares of the company’s stock valued at $1,869,000 after purchasing an additional 9,702 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Central Garden & Pet by 47.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 58,988 shares of the company’s stock valued at $2,296,000 after purchasing an additional 19,048 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Central Garden & Pet by 200.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,968 shares of the company’s stock valued at $154,000 after purchasing an additional 2,647 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Central Garden & Pet by 1.5% in the 4th quarter. Renaissance Technologies LLC now owns 670,476 shares of the company’s stock valued at $26,095,000 after purchasing an additional 10,000 shares during the last quarter. 21.74% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on CENT shares. Zacks Investment Research upgraded Central Garden & Pet from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Tuesday, January 30th. BidaskClub lowered Central Garden & Pet from a “hold” rating to a “sell” rating in a research report on Saturday, April 14th. KeyCorp reiterated a “buy” rating and set a $46.00 target price on shares of Central Garden & Pet in a research report on Monday, March 26th. Finally, SunTrust Banks increased their target price on Central Garden & Pet to $50.00 and gave the company a “buy” rating in a research report on Monday, April 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Central Garden & Pet presently has a consensus rating of “Hold” and an average target price of $46.50.

Central Garden & Pet Company Profile

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 comprising edible bones, edible and non-edible chews, rawhide, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and food, cages and habitats, toys, chews, and related accessories for birds, small animals, and specialty pets.

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

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