Central Garden & Pet (NASDAQ:CENT – Free Report) had its price objective boosted by Truist Financial from $50.00 to $60.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.
Separately, TheStreet cut Central Garden & Pet from a b rating to a c+ rating in a research note on Tuesday, November 21st.
View Our Latest Research Report on Central Garden & Pet
Central Garden & Pet Trading Up 6.2 %
Shares of NASDAQ CENT opened at $41.43 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.47 and a quick ratio of 1.90. The stock has a market capitalization of $2.23 billion, a P/E ratio of 16.44 and a beta of 0.66. Central Garden & Pet has a 1-year low of $28.48 and a 1-year high of $44.45. The business has a fifty day moving average price of $34.66 and a 200 day moving average price of $30.30.
Central Garden & Pet (NASDAQ:CENT – Get Free Report) last issued its quarterly earnings data on Monday, November 20th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $750.15 million during the quarter, compared to analysts’ expectations of $731.81 million. Central Garden & Pet had a return on equity of 10.32% and a net margin of 4.06%. During the same period in the prior year, the business posted ($0.03) EPS. Equities research analysts expect that Central Garden & Pet will post 2.5 EPS for the current fiscal year.
Insider Buying and Selling at Central Garden & Pet
In other Central Garden & Pet news, Director John Ranelli sold 4,375 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $23.18, for a total value of $101,416.00. Following the completion of the sale, the director now directly owns 227 shares in the company, valued at $5,262.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider John Edward Hanson sold 9,375 shares of the stock in a transaction dated 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 directly owns 53,918 shares of the company’s stock, valued at $1,353,730.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Ranelli sold 4,375 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $23.18, for a total value of $101,416.00. Following the completion of the transaction, the director now directly owns 227 shares in the company, valued at $5,262.04. The disclosure for this sale can be found here. 9.53% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Advisor Group Holdings Inc. grew its holdings in Central Garden & Pet by 43.5% during the first quarter. Advisor Group Holdings Inc. now owns 2,176 shares of the company’s stock worth $96,000 after acquiring an additional 660 shares during the period. Swiss National Bank grew its holdings in Central Garden & Pet by 7.1% during the first quarter. Swiss National Bank now owns 22,750 shares of the company’s stock worth $1,000,000 after acquiring an additional 1,500 shares during the period. Bank of New York Mellon Corp grew its holdings in Central Garden & Pet by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 110,564 shares of the company’s stock worth $4,862,000 after acquiring an additional 1,758 shares during the period. Citigroup Inc. grew its holdings in Central Garden & Pet by 9.0% during the first quarter. Citigroup Inc. now owns 14,464 shares of the company’s stock worth $636,000 after acquiring an additional 1,189 shares during the period. Finally, MetLife Investment Management LLC grew its holdings in Central Garden & Pet by 6.4% during the first quarter. MetLife Investment Management LLC now owns 4,731 shares of the company’s stock worth $208,000 after acquiring an additional 285 shares during the period. 17.74% of the stock is owned by institutional investors and hedge funds.
About Central Garden & Pet
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.
Recommended Stories
Receive News & Ratings for Central Garden & Pet Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Central Garden & Pet and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: americanbankingnews.com
