Central Garden & Pet (NASDAQ:CENTA – Get Rating)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $40.66 and traded as low as $35.54. Central Garden & Pet shares last traded at $35.64, with a volume of 165,363 shares changing hands.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Truist Financial lowered their price target on Central Garden & Pet from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, August 8th. CJS Securities assumed coverage on Central Garden & Pet in a research report on Thursday, August 25th. They set an "outperform" rating and a $50.00 price target for the company. Finally, KeyCorp lowered their price target on Central Garden & Pet from $56.00 to $52.00 and set an "overweight" rating for the company in a research report on Thursday, August 4th.
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Central Garden & Pet Price Performance
The company has a market capitalization of $1.94 billion, a P/E ratio of 12.91 and a beta of 0.58. The company has a fifty day moving average price of $39.56 and a 200 day moving average price of $40.66. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.16 and a quick ratio of 1.45.
Central Garden & Pet (NASDAQ:CENTA – Get Rating) last posted its earnings results on Wednesday, August 3rd. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.26 by $0.13. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $993.37 million. Central Garden & Pet had a return on equity of 11.86% and a net
margin of 4.48%. On average, sell-side analysts forecast that Central Garden & Pet will post 2.87 EPS for the current fiscal year.
Insider Buying and Selling
In other Central Garden & Pet news, insider John D. Walker III sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $40.56, for a total value of $202,800.00. Following the completion of the sale, the insider now directly owns 88,116 shares in the company, valued at $3,573,984.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Central Garden & Pet news, insider John D. Walker III sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $40.56, for a total value of $202,800.00. Following the completion of the sale, the insider now directly owns 88,116 shares in the company, valued at $3,573,984.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Edward Hanson sold 6,466 shares of the stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $42.65, for a total value of $275,774.90. Following the sale, the senior vice president now owns 49,805 shares of the company's stock, valued at approximately $2,124,183.25. The disclosure for this sale can be found here. Corporate insiders own 20.28% of the company's stock.
Institutional Trading of Central Garden & Pet
A number of hedge funds have recently modified their holdings of CENTA. Legal & General Group Plc increased its stake in shares of Central Garden & Pet by 0.3% in the second quarter. Legal & General Group Plc now owns 119,814 shares of the company's stock worth $4,794,000 after acquiring an additional 363 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Central Garden & Pet by 7.6% in the second quarter. Goldman Sachs Group Inc. now owns 109,683 shares of the company's stock worth $4,388,000 after acquiring an additional 7,774 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Central Garden & Pet in the second quarter worth $560,000. Thrivent Financial for Lutherans increased its stake in shares of Central Garden & Pet by 20.6% in the second quarter. Thrivent Financial for Lutherans now owns 38,908 shares of the company's stock worth $1,557,000 after acquiring an additional 6,634 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Central Garden & Pet by 2.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 19,202 shares of the company's stock worth $768,000 after acquiring an additional 379 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.
Central Garden & Pet Company Profile
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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 grooming products, waste management and training pads, and pet containment; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; animal and household health and insect control products; live fish and products for fish, reptiles, and other aquarium-based pets, such as aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food, and supplements; and products for horses and livestock, as well as outdoor cushions and pillows.
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