Central Garden & Pet Company (CENT) Director John Ranelli Sells 46,991 Shares

Central Garden & Pet Company (NASDAQ:CENT) Director John Ranelli sold 46,991 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $37.87, for a total transaction of $1,779,549.17. Following the completion of the transaction, the director now directly owns 61,317 shares in the company, valued at approximately $2,322,074.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

John Ranelli also recently made the following trade(s):

  • On Monday, December 11th, John Ranelli sold 16,189 shares of Central Garden & Pet stock. The shares were sold at an average price of $38.17, for a total transaction of $617,934.13.

Central Garden & Pet Company (NASDAQ CENT) traded down $0.05 during midday trading on Wednesday, hitting $39.01. 106,830 shares of the company were exchanged, compared to its average volume of 101,653. Central Garden & Pet Company has a fifty-two week low of $29.08 and a fifty-two week high of $42.29. The company has a quick ratio of 1.37, a current ratio of 3.10 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $2,039.14, a price-to-earnings ratio of 26.40, a PEG ratio of 2.37 and a beta of 0.03.

Central Garden & Pet (NASDAQ:CENT) last posted its quarterly earnings data on Tuesday, November 28th. The company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). Central Garden & Pet had a net margin of 3.84% and a return on equity of 12.81%. The company had revenue of $490.46 million for the quarter, compared to analyst estimates of $439.07 million. During the same quarter in the prior year, the business earned $0.13 EPS. Central Garden & Pet’s revenue was up 18.6% compared to the same quarter last year. analysts forecast that Central Garden & Pet Company will post 1.66 EPS for the current year.

Several equities research analysts have commented on the stock. BidaskClub lowered shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Tuesday. KeyCorp restated a “hold” rating on shares of Central Garden & Pet in a research note on Monday, October 16th. Sidoti lowered shares of Central Garden & Pet from a “buy” rating to a “neutral” rating in a research note on Monday, October 16th. Oppenheimer restated a “hold” rating on shares of Central Garden & Pet in a research note on Wednesday, November 29th. Finally, CL King assumed coverage on shares of Central Garden & Pet in a research note on Thursday, December 7th. They issued a “buy” rating and a $47.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Central Garden & Pet currently has an average rating of “Hold” and a consensus price target of $44.00.

Several hedge funds and other institutional investors have recently bought and sold shares of CENT. Texas Permanent School Fund grew its position in Central Garden & Pet by 1.5% in the second quarter. Texas Permanent School Fund now owns 7,458 shares of the company’s stock worth $237,000 after buying an additional 108 shares during the last quarter. Suntrust Banks Inc. grew its position in Central Garden & Pet by 1.3% in the second quarter. Suntrust Banks Inc. now owns 10,721 shares of the company’s stock worth $339,000 after buying an additional 137 shares during the last quarter. Sei Investments Co. grew its position in Central Garden & Pet by 8.9% in the second quarter. Sei Investments Co. now owns 4,633 shares of the company’s stock worth $148,000 after buying an additional 380 shares during the last quarter. ETRADE Capital Management LLC grew its position in Central Garden & Pet by 2.3% in the second quarter. ETRADE Capital Management LLC now owns 20,354 shares of the company’s stock worth $647,000 after buying an additional 466 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in Central Garden & Pet by 20.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,136 shares of the company’s stock worth $100,000 after buying an additional 537 shares during the last quarter. Institutional investors and hedge funds own 20.05% of the company’s stock.

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Central Garden & Pet Company Profile

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.

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

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