BidaskClub downgraded shares of Central Garden & Pet (NASDAQ:CENT) from a hold rating to a sell rating in a research note issued to investors on Saturday, April 14th.
A number of other equities analysts have also recently issued reports on CENT. KeyCorp upgraded shares of Central Garden & Pet from a sector weight rating to an overweight rating and set a $44.00 target price for the company in a research report on Monday, January 22nd. Zacks Investment Research downgraded shares of Central Garden & Pet from a buy rating to a hold rating in a report on Tuesday, February 6th. Finally, SunTrust Banks boosted their target price on shares of Central Garden & Pet to $50.00 and gave the company a buy rating in a report on Monday, April 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $46.00.
Shares of Central Garden & Pet stock opened at $39.69 on Friday. The firm has a market cap of $2,059.20, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 2.10 and a beta of 0.07. The company has a current ratio of 4.42, a quick ratio of 2.46 and a debt-to-equity ratio of 1.04. Central Garden & Pet has a 1 year low of $29.08 and a 1 year high of $43.30.
In other Central Garden & Pet news, General Counsel George A. Yuhas sold 8,351 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $37.03, for a total transaction of $309,237.53. Following the completion of the sale, the general counsel now directly owns 41,908 shares of the company’s stock, valued at $1,551,853.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Ranelli sold 11,563 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $36.97, for a total transaction of $427,484.11. Following the completion of the sale, the director now directly owns 542 shares of the company’s stock, valued at $20,037.74. The disclosure for this sale can be found here. Insiders have sold 42,589 shares of company stock valued at $1,588,316 in the last 90 days. Insiders own 12.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC increased its holdings in Central Garden & Pet by 780.2% in the fourth quarter. Millennium Management LLC now owns 207,168 shares of the company’s stock worth $8,063,000 after buying an additional 183,631 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Central Garden & Pet by 41.2% during the third quarter. Bank of New York Mellon Corp now owns 204,093 shares of the company’s stock valued at $7,927,000 after purchasing an additional 59,561 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Central Garden & Pet by 124.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 51,358 shares of the company’s stock valued at $1,999,000 after purchasing an additional 28,430 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Central Garden & Pet by 47.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 58,988 shares of the company’s stock valued at $2,296,000 after purchasing an additional 19,048 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in Central Garden & Pet during the fourth quarter valued at approximately $713,000. 19.70% of the stock is owned by institutional investors and hedge funds.
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Central Garden & Pet Company Profile
Central Garden & Pet Company, together with its subsidiaries, produces and distributes 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 supplies products for dogs and cats comprising edible bones, edible and non-edible chews, rawhide, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and food, cages and habitats, toys, chews, and related accessories for birds, small animals, and specialty pets.
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