Central Garden & Pet (NASDAQ:CENT – Get Free Report) had its price objective upped by Truist Financial from $50.00 to $60.00 in a report released on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 44.82% from the company’s current price.
Separately, TheStreet downgraded Central Garden & Pet from a “b” rating to a “c+” rating in a report on Tuesday, November 21st.
Get Our Latest Analysis on Central Garden & Pet
Central Garden & Pet Price Performance
Shares of CENT traded up $1.57 on Friday, hitting $41.43. The company’s stock had a trading volume of 403,147 shares, compared to its average volume of 106,827. The company has a market capitalization of $2.23 billion, a PE ratio of 16.44 and a beta of 0.66. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.73 and a quick ratio of 1.90. Central Garden & Pet has a fifty-two week low of $28.48 and a fifty-two week high of $44.45. The company has a 50 day moving average price of $42.97 and a 200 day moving average price of $37.70.
Central Garden & Pet (NASDAQ:CENT – Get Free Report) last posted its quarterly earnings data on Monday, November 20th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. Central Garden & Pet had a return on equity of 10.37% and a net margin of 4.06%. The firm had revenue of $750.15 million for the quarter, compared to the consensus estimate of $731.81 million. During the same quarter in the prior year, the business earned ($0.03) EPS. On average, research analysts anticipate that Central Garden & Pet will post 2.53 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, insider John Edward Hanson sold 9,375 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $25.11, for a total value of $235,380.00. Following the transaction, the insider now owns 53,918 shares of the company’s stock, valued at approximately $1,353,730.01. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director John Ranelli sold 4,375 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $23.18, for a total value of $101,416.00. Following the transaction, the director now owns 227 shares of the company’s stock, valued at approximately $5,262.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John Edward Hanson sold 9,375 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $25.11, for a total value of $235,380.00. Following the completion of the transaction, the insider now directly owns 53,918 shares in the company, valued at approximately $1,353,730.01. The disclosure for this sale can be found here. Company insiders own 9.53% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Captrust Financial Advisors increased its position in shares of Central Garden & Pet by 41.4% in the 1st quarter. Captrust Financial Advisors now owns 959 shares of the company’s stock valued at $42,000 after buying an additional 281 shares in the last quarter. Advisor Group Holdings Inc. increased its position in shares of Central Garden & Pet by 43.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,176 shares of the company’s stock valued at $96,000 after buying an additional 660 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Central Garden & Pet in the 3rd quarter valued at $98,000. Bank of Montreal Can bought a new stake in shares of Central Garden & Pet in the 2nd quarter valued at $116,000. Finally, UBS Group AG increased its position in shares of Central Garden & Pet by 180.9% in the 4th quarter. UBS Group AG now owns 3,242 shares of the company’s stock valued at $121,000 after buying an additional 2,088 shares in the last quarter. Institutional investors and hedge funds own 17.74% of the company’s stock.
Central Garden & Pet Company Profile
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 containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.
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