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Central Garden & Pet (NASDAQ:CENT) Reaches New 12-Month Low at $40.75 – Defense World

Written by Amanda

Central Garden & Pet (NASDAQ:CENTGet Rating)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $40.75 and last traded at $40.75, with a volume of 150 shares trading hands. The stock had previously closed at $42.14.

Separately, Truist Financial dropped their price objective on shares of Central Garden & Pet from $65.00 to $60.00 in a research note on Tuesday, March 22nd.

The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 15.15 and a beta of 0.54. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.29 and a current ratio of 2.85. The company’s 50 day simple moving average is $44.08 and its two-hundred day simple moving average is $46.20.

Central Garden & Pet (NASDAQ:CENTGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.09. The firm had revenue of $954.37 million for the quarter, compared to analyst estimates of $935.14 million. Central Garden & Pet had a net margin of 4.48% and a return on equity of 12.18%. On average, equities research analysts predict that Central Garden & Pet will post 3.14 earnings per share for the current fiscal year.

In other news, CFO Nicholas Lahanas sold 7,306 shares of the stock in a transaction on Friday, May 13th. The shares were sold at an average price of $41.78, for a total transaction of $305,244.68. Following the transaction, the chief financial officer now owns 113,520 shares in the company, valued at approximately $4,742,865.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 8.80% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Exchange Traded Concepts LLC boosted its holdings in shares of Central Garden & Pet by 1.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 12,679 shares of the company’s stock worth $667,000 after buying an additional 228 shares during the period. Truist Financial Corp boosted its holdings in shares of Central Garden & Pet by 3.1% during the 1st quarter. Truist Financial Corp now owns 8,427 shares of the company’s stock worth $371,000 after buying an additional 252 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Central Garden & Pet by 41.4% during the 1st quarter. Captrust Financial Advisors now owns 959 shares of the company’s stock worth $42,000 after buying an additional 281 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Central Garden & Pet by 2.1% during the 4th quarter. California State Teachers Retirement System now owns 13,560 shares of the company’s stock worth $714,000 after buying an additional 282 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in shares of Central Garden & Pet by 6.4% during the 1st quarter. MetLife Investment Management LLC now owns 4,731 shares of the company’s stock worth $208,000 after buying an additional 285 shares during the period. 18.59% of the stock is owned by institutional investors and hedge funds.

About Central Garden & Pet (NASDAQ:CENT)

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 grooming products, waste management and training pads, and pet containment; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; animal and household health and insect control products; live fish and products for fish, reptiles, and other aquarium-based pets, such as aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food, and supplements; and products for horses and livestock, as well as outdoor cushions and pillows.

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Source: defenseworld.net

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai