Central Garden & Pet (NASDAQ:CENTA – Get Rating) insider John D. Walker III sold 5,000 shares of the company's stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $40.56, for a total transaction of $202,800.00. Following the sale, the insider now directly owns 88,116 shares of the company's stock, valued at $3,573,984.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Central Garden & Pet Price Performance
Shares of Central Garden & Pet stock opened at $39.63 on Tuesday. Central Garden & Pet has a fifty-two week low of $37.56 and a fifty-two week high of $52.04. The company has a market cap of $2.15 billion, a PE ratio of 14.36 and a beta of 0.55. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.16 and a quick ratio of 1.45. The firm has a fifty day moving average price of $40.80 and a two-hundred day moving average price of $41.42.
Get Central Garden & Pet alerts:Central Garden & Pet (NASDAQ:CENTA – Get Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.26 by $0.13. Central Garden & Pet had a net margin of 4.48% and a return on equity of 11.86%. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $993.37 million. Analysts expect that Central Garden & Pet will post 2.86 EPS for the current year.
Hedge Funds Weigh In On Central Garden & Pet
Hedge funds have recently made changes to their positions in the business. Legal & General Group Plc grew its holdings in Central Garden & Pet by 0.3% during the 2nd 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. grew its holdings in Central Garden & Pet by 7.6% during the 2nd 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 bought a new stake in Central Garden & Pet during the 2nd quarter worth about $560,000. Thrivent Financial for Lutherans grew its holdings in Central Garden & Pet by 20.6% during the 2nd 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 grew its holdings in Central Garden & Pet by 2.0% during the 2nd 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. Institutional investors and hedge funds own 68.74% of the company's stock.Wall Street Analyst Weigh In
Several research firms recently issued reports on CENTA. Truist Financial decreased their price objective on shares of Central Garden & Pet from $65.00 to $60.00 and set a "buy" rating for the company in a report on Monday, August 8th. CJS Securities began coverage on shares of Central Garden & Pet in a report on Thursday, August 25th. They issued an "outperform" rating and a $50.00 price target for the company. Finally, KeyCorp reduced their price target on shares of Central Garden & Pet from $56.00 to $52.00 and set an "overweight" rating for the company in a report on Thursday, August 4th.
About Central Garden & Pet
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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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