Central Garden & Pet (CENT) Receiving Somewhat Positive News Coverage, Study Shows

Media stories about Central Garden & Pet (NASDAQ:CENT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Central Garden & Pet earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the company an impact score of 47.5403690235313 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

CENT has been the topic of several recent research reports. Zacks Investment Research upgraded Central Garden & Pet from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Friday. KeyCorp reiterated a “hold” rating on shares of Central Garden & Pet in a research report on Monday, October 16th. Sidoti cut Central Garden & Pet from a “buy” rating to a “neutral” rating in a research report on Monday, October 16th. Oppenheimer reiterated a “hold” rating on shares of Central Garden & Pet in a research report on Wednesday, November 29th. Finally, CL King initiated coverage on Central Garden & Pet in a research report on Thursday, December 7th. They set a “buy” rating and a $47.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $44.00.

Central Garden & Pet (NASDAQ CENT) traded down $1.59 during mid-day trading on Friday, reaching $37.88. The company’s stock had a trading volume of 207,419 shares, compared to its average volume of 98,866. The company has a quick ratio of 1.37, a current ratio of 4.42 and a debt-to-equity ratio of 1.04. The company has a market cap of $2,046.40, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.09 and a beta of 0.06. Central Garden & Pet has a 1 year low of $29.08 and a 1 year high of $42.29.

Central Garden & Pet (NASDAQ:CENT) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.04. The firm had revenue of $442.01 million for the quarter, compared to analysts’ expectations of $435.19 million. Central Garden & Pet had a return on equity of 12.86% and a net margin of 4.69%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.12 EPS. equities research analysts expect that Central Garden & Pet will post 1.89 earnings per share for the current fiscal year.

In related news, CFO Nicholas Lahanas sold 7,119 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $38.78, for a total value of $276,074.82. Following the transaction, the chief financial officer now owns 27,959 shares in the company, valued at $1,084,250.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Ranelli sold 46,991 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $37.87, for a total value of $1,779,549.17. Following the completion of the transaction, the director now owns 61,317 shares in the company, valued at approximately $2,322,074.79. The disclosure for this sale can be found here. Insiders have sold a total of 80,299 shares of company stock worth $3,028,258 in the last quarter. Company insiders own 11.60% 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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