Michael Edwards Acquires 2,930 Shares of Central Garden & Pet Co (CENT) Stock

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.



CENT has been the topic of a number of research analyst reports. KeyCorp initiated coverage on shares of Central Garden & Pet in a report on Thursday, October 11th. They issued an “overweight” rating on the stock. BidaskClub downgraded shares of Central Garden & Pet from a “sell” rating to a “strong sell” rating in a report on Saturday, November 10th. ValuEngine downgraded shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. JPMorgan Chase & Co. initiated coverage on shares of Central Garden & Pet in a report on Tuesday, September 25th. They issued a “neutral” rating and a $37.00 price target on the stock. Finally, Bank of America initiated coverage on shares of Central Garden & Pet in a report on Monday, September 10th. They issued a “buy” rating and a $44.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $44.57.

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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Insider Buying and Selling by Quarter for Central Garden & Pet (NASDAQ:CENT)

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