Central Garden & Pet Company (NASDAQ:CENT) CFO Nicholas Lahanas sold 7,119 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $38.78, for a total value of $276,074.82. Following the completion of the transaction, the chief financial officer now directly owns 27,959 shares in the company, valued at $1,084,250.02. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Central Garden & Pet Company (CENT) traded down $0.05 during midday trading on Wednesday, hitting $39.01. The stock had a trading volume of 106,830 shares, compared to its average volume of 101,653. Central Garden & Pet Company has a 1-year low of $29.08 and a 1-year high of $42.29. The company has a quick ratio of 1.37, a current ratio of 3.10 and a debt-to-equity ratio of 0.62. The company has a market cap of $2,039.14, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 2.37 and a beta of 0.03.

Central Garden & Pet (NASDAQ:CENT) last issued its quarterly earnings results on Tuesday, November 28th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). Central Garden & Pet had a net margin of 3.84% and a return on equity of 12.81%. The firm had revenue of $490.46 million during the quarter, compared to the consensus estimate of $439.07 million. During the same quarter last year, the firm posted $0.13 earnings per share. Central Garden & Pet’s revenue was up 18.6% compared to the same quarter last year. research analysts forecast that Central Garden & Pet Company will post 1.66 EPS for the current year.

A number of brokerages have issued reports on CENT. KeyCorp reaffirmed a “hold” rating on shares of Central Garden & Pet in a research report on Wednesday, September 6th. BidaskClub raised Central Garden & Pet from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research lowered Central Garden & Pet from a “hold” rating to a “sell” rating in a research report on Wednesday, November 29th. Oppenheimer reiterated a “hold” rating on shares of Central Garden & Pet in a report on Wednesday, November 29th. Finally, CL King began coverage on Central Garden & Pet in a report on Thursday, December 7th. They issued a “buy” rating and a $47.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $44.00.

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its holdings in shares of Central Garden & Pet by 20.7% in the 2nd 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 during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings 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 valued at $149,000 after acquiring an additional 1,420 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings 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 valued at $166,000 after acquiring an additional 2,185 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Central Garden & Pet by 8.9% in the 2nd quarter. Sei Investments Co. now owns 4,633 shares of the company’s stock valued at $148,000 after acquiring an additional 380 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of Central Garden & Pet in the 3rd quarter valued at approximately $224,000. Institutional investors and hedge funds own 20.05% of the company’s stock.

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Central Garden & Pet Company Profile

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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