Central Garden & Pet (CENT) Receiving Somewhat Favorable News Coverage, Study Shows
Media stories about Central Garden & Pet (NASDAQ:CENT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Central Garden & Pet earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.7705118915727 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Central Garden & Pet (NASDAQ CENT) traded down 2.21% during mid-day trading on Monday, reaching $37.67. 34,780 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.95 billion, a P/E ratio of 28.41 and a beta of 0.11. The stock has a 50-day moving average of $37.49 and a 200 day moving average of $34.62. Central Garden & Pet has a one year low of $22.97 and a one year high of $40.48.
Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.11. Central Garden & Pet had a net margin of 3.49% and a return on equity of 13.66%. The firm had revenue of $574.59 million for the quarter, compared to the consensus estimate of $544.26 million. During the same period in the prior year, the firm posted $0.48 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts forecast that Central Garden & Pet will post $1.51 EPS for the current fiscal year.
CENT has been the subject of a number of recent research reports. CL King initiated coverage on shares of Central Garden & Pet in a research note on Friday, July 7th. They set a “buy” rating and a $38.00 price target for the company. Zacks Investment Research lowered shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. KeyCorp restated a “hold” rating on shares of Central Garden & Pet in a research note on Wednesday, September 6th. BidaskClub upgraded shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Central Garden & Pet in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $39.00.
In other news, Director Alfred A. Piergallini sold 6,390 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $32.20, for a total value of $205,758.00. Following the sale, the director now directly owns 60,430 shares of the company’s stock, valued at $1,945,846. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael A. Reed sold 15,016 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $34.31, for a total transaction of $515,198.96. Following the completion of the sale, the insider now directly owns 135,008 shares in the company, valued at $4,632,124.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 76,890 shares of company stock worth $2,612,545. Insiders own 11.60% of the company’s stock.
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.
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