Central Garden & Pet (CENT) Earning Positive Media Coverage, Accern Reports

Media stories about Central Garden & Pet (NASDAQ:CENT) have trended positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Central Garden & Pet earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.9492329743373 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the headlines that may have impacted Accern Sentiment’s analysis:

Shares of Central Garden & Pet (NASDAQ:CENT) traded up $1.24 on Wednesday, reaching $38.63. 45,300 shares of the company’s stock traded hands, compared to its average volume of 101,009. Central Garden & Pet has a 1-year low of $28.37 and a 1-year high of $40.48. The firm has a market capitalization of $1,935.83, a P/E ratio of 24.28, a P/E/G ratio of 2.25 and a beta of 0.03. The company has a current ratio of 3.38, a quick ratio of 1.63 and a debt-to-equity ratio of 0.69.

Several brokerages recently issued reports on CENT. Sidoti cut Central Garden & Pet from a “buy” rating to a “neutral” rating in a research note on Monday, October 16th. Zacks Investment Research cut Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. KeyCorp reiterated a “hold” rating on shares of Central Garden & Pet in a research note on Monday, October 16th. BidaskClub upgraded Central Garden & Pet from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Central Garden & Pet in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $39.00.

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In other Central Garden & Pet news, Director John Ranelli sold 2,700 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $34.09, for a total transaction of $92,043.00. Following the completion of the transaction, the director now directly owns 110,339 shares in the company, valued at $3,761,456.51. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel George A. Yuhas sold 4,364 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $33.37, for a total transaction of $145,626.68. Following the transaction, the general counsel now owns 50,259 shares of the company’s stock, valued at $1,677,142.83. The disclosure for this sale can be found here. 11.60% of the stock is owned by insiders.

About Central Garden & Pet

Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Pet segment and the Garden segment. It is a marketer and producer of pet supplies in the United States.

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