Shares of Central Garden & Pet Co (NASDAQ:CENT) have been given an average broker rating score of 2.00 (Buy) from the four brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating and two have issued a strong buy rating on the company.

Brokerages have set a 1-year consensus price objective of $40.00 for the company and are forecasting that the company will post $0.64 EPS for the current quarter, according to Zacks. Zacks has also given Central Garden & Pet Co an industry rank of 193 out of 265 based on the ratings given to related companies.

Several research analysts recently weighed in on CENT shares. Zacks Investment Research cut Central Garden & Pet Co from a “buy” rating to a “hold” rating in a research note on Wednesday, February 1st. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Central Garden & Pet Co in a research note on Saturday, March 25th. Finally, Argus started coverage on Central Garden & Pet Co in a research note on Wednesday. They set a “buy” rating and a $44.00 target price for the company.

In related news, Director Thomas J. Colligan sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $29.90, for a total transaction of $74,750.00. Following the completion of the transaction, the director now owns 6,303 shares of the company’s stock, valued at $188,459.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Balousek sold 12,000 shares of the firm’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $35.50, for a total value of $426,000.00. Following the transaction, the director now directly owns 630 shares of the company’s stock, valued at approximately $22,365. The disclosure for this sale can be found here. Insiders have sold 88,854 shares of company stock valued at $2,994,949 in the last ninety days. Company insiders own 11.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in CENT. Acadian Asset Management LLC raised its position in Central Garden & Pet Co by 328.5% in the third quarter. Acadian Asset Management LLC now owns 95,077 shares of the company’s stock worth $2,472,000 after buying an additional 72,891 shares during the period. Alambic Investment Management L.P. bought a new position in Central Garden & Pet Co during the third quarter worth $484,000. KBC Group NV raised its position in Central Garden & Pet Co by 69.4% in the third quarter. KBC Group NV now owns 27,763 shares of the company’s stock worth $722,000 after buying an additional 11,371 shares during the period. BlackRock Advisors LLC raised its position in Central Garden & Pet Co by 41.0% in the third quarter. BlackRock Advisors LLC now owns 33,583 shares of the company’s stock worth $873,000 after buying an additional 9,757 shares during the period. Finally, Teachers Advisors LLC raised its position in Central Garden & Pet Co by 1,431.5% in the third quarter. Teachers Advisors LLC now owns 225,911 shares of the company’s stock worth $5,874,000 after buying an additional 211,160 shares during the period. Institutional investors and hedge funds own 19.44% of the company’s stock.

Central Garden & Pet Co (NASDAQ:CENT) traded down 1.02% during trading on Monday, reaching $38.01. 70,394 shares of the company were exchanged. The stock has a market capitalization of $1.95 billion, a PE ratio of 32.35 and a beta of 0.42. Central Garden & Pet Co has a 52-week low of $15.08 and a 52-week high of $38.96. The firm’s 50 day moving average is $36.28 and its 200 day moving average is $31.93.

Central Garden & Pet Co (NASDAQ:CENT) last announced its earnings results on Thursday, February 2nd. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.09. Central Garden & Pet Co had a return on equity of 12.71% and a net margin of 3.22%. The business earned $419.50 million during the quarter, compared to analysts’ expectations of $384.78 million. During the same quarter last year, the business posted $0.01 earnings per share. The company’s quarterly revenue was up 16.6% on a year-over-year basis. Analysts expect that Central Garden & Pet Co will post $1.39 EPS for the current year.

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About Central Garden & Pet Co

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.

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