Trade Report: Today, Central Garden & Pet Co. (CENT) to Release Earnings on Thursday

Today, Central Garden & Pet Co. (CENT) to Release Earnings on Thursday

Central Garden & Pet Co. (NASDAQ:CENT) is set to release its Q416 earnings data after the market closes on Thursday, December 1st. Analysts expect Central Garden & Pet Co. to post earnings of $0.05 per share for the quarter.

Shares of Central Garden & Pet Co. (NASDAQ:CENT) opened at 29.14 on Tuesday. The firm’s 50-day moving average is $26.29 and its 200-day moving average is $24.19. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 32.13 and a beta of 0.36. Central Garden & Pet Co. has a 52 week low of $11.67 and a 52 week high of $29.98.

In other Central Garden & Pet Co. news, Chairman William E. Brown sold 14,200 shares of the business’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $24.48, for a total transaction of $347,616.00. Following the sale, the chairman now owns 2,224,293 shares of the company’s stock, valued at approximately $54,450,692.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman William E. Brown sold 20,000 shares of the business’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $27.61, for a total transaction of $552,200.00. Following the sale, the chairman now directly owns 2,148,593 shares in the company, valued at approximately $59,322,652.73. The disclosure for this sale can be found here. Company insiders own 13.90% of the company’s stock.

A number of large investors have recently modified their holdings of CENT. Citigroup Inc. boosted its stake in shares of Central Garden & Pet Co. by 1,864.6% in the second quarter. Citigroup Inc. now owns 4,715 shares of the company’s stock worth $107,000 after buying an additional 4,475 shares during the last quarter. American International Group Inc. boosted its stake in shares of Central Garden & Pet Co. by 262.5% in the second quarter. American International Group Inc. now owns 7,493 shares of the company’s stock worth $171,000 after buying an additional 5,426 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of Central Garden & Pet Co. by 288.0% in the second quarter. Nationwide Fund Advisors now owns 8,149 shares of the company’s stock worth $186,000 after buying an additional 6,049 shares during the last quarter. BlackRock Inc. purchased a new position in Central Garden & Pet Co. during the second quarter worth approximately $247,000. Finally, Rhumbline Advisers purchased a new position in Central Garden & Pet Co. during the second quarter worth approximately $263,000. 20.05% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on the stock. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Central Garden & Pet Co. in a report on Friday, August 26th. Sidoti assumed coverage on shares of Central Garden & Pet Co. in a report on Wednesday, August 17th. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research raised shares of Central Garden & Pet Co. from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a report on Thursday, August 4th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $24.33.

About Central Garden & Pet Co.

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