Central Garden & Pet Co (NASDAQ:CENT) Director Michael Edwards purchased 2,930 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was bought at an average cost of $34.07 per share, for a total transaction of $99,825.10. Following the completion of the acquisition, the director now directly owns 2,930 shares in the company, valued at approximately $99,825.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NASDAQ CENT traded down $0.54 during trading on Thursday, hitting $32.62. 52,929 shares of the company’s stock traded hands, compared to its average volume of 96,123. The company has a market cap of $1.73 billion, a PE ratio of 17.06 and a beta of 0.03. Central Garden & Pet Co has a 12-month low of $29.81 and a 12-month high of $45.02. The company has a quick ratio of 3.71, a current ratio of 5.72 and a debt-to-equity ratio of 0.73.
Central Garden & Pet (NASDAQ:CENT) last released its quarterly earnings data on Tuesday, November 27th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The business had revenue of $502.30 million for the quarter, compared to the consensus estimate of $510.26 million. Central Garden & Pet had a net margin of 5.58% and a return on equity of 13.33%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 earnings per share. As a group, equities research analysts anticipate that Central Garden & Pet Co will post 1.85 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CENT. Piedmont Investment Advisors LLC purchased a new stake in Central Garden & Pet during the second quarter valued at about $105,000. SG Americas Securities LLC purchased a new stake in Central Garden & Pet during the second quarter valued at about $115,000. MetLife Investment Advisors LLC lifted its holdings in Central Garden & Pet by 62.3% during the third quarter. MetLife Investment Advisors LLC now owns 7,214 shares of the company’s stock valued at $260,000 after purchasing an additional 2,768 shares during the last quarter. American Century Companies Inc. purchased a new stake in Central Garden & Pet during the second quarter valued at about $267,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Central Garden & Pet during the second quarter valued at about $312,000. 32.06% of the stock is currently owned by institutional investors and hedge funds.
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Central Garden & Pet Company Profile
Central Garden & Pet Company, together with its subsidiaries, produces and distributes 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 supplies products for dogs and cats comprising edible bones, edible and non-edible chews, rawhide, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and food, cages and habitats, toys, chews, and related accessories for birds, small animals, and specialty pets.
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