Central Garden & Pet (NASDAQ:CENT) Receives Average Recommendation of “Hold” from Analysts
Shares of Central Garden & Pet (NASDAQ:CENT) have received a consensus rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $37.50.
A number of research firms recently weighed in on CENT. ValuEngine lowered shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a research note on Tuesday. KeyCorp upped their target price on shares of Central Garden & Pet from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Zacks Investment Research lowered shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating and set a $42.00 price target on the stock. in a research note on Tuesday, October 6th. Finally, BidaskClub lowered shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Thursday, October 22nd.
In other news, CAO Howard Machek sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $38.10, for a total transaction of $342,900.00. Following the transaction, the chief accounting officer now directly owns 31,979 shares in the company, valued at $1,218,399.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Brooks Pennington III sold 1,806 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $38.23, for a total transaction of $69,043.38. Following the transaction, the director now owns 35,455 shares in the company, valued at $1,355,444.65. The disclosure for this sale can be found here. Corporate insiders own 11.50% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in CENT. Creative Financial Designs Inc. ADV purchased a new position in shares of Central Garden & Pet during the second quarter worth approximately $26,000. Macquarie Group Ltd. acquired a new stake in shares of Central Garden & Pet during the second quarter worth $30,000. Advisor Group Holdings Inc. acquired a new stake in shares of Central Garden & Pet during the first quarter worth $40,000. Bank of Montreal Can lifted its holdings in shares of Central Garden & Pet by 371.5% during the second quarter. Bank of Montreal Can now owns 1,141 shares of the company’s stock worth $41,000 after purchasing an additional 899 shares during the period. Finally, Flagship Harbor Advisors LLC lifted its holdings in shares of Central Garden & Pet by 324.7% during the third quarter. Flagship Harbor Advisors LLC now owns 1,083 shares of the company’s stock worth $43,000 after purchasing an additional 828 shares during the period. Institutional investors and hedge funds own 17.26% of the company’s stock.
CENT stock opened at $40.86 on Friday. The company’s 50 day moving average price is $40.59 and its 200 day moving average price is $38.03. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.70 and a current ratio of 3.81. Central Garden & Pet has a fifty-two week low of $23.82 and a fifty-two week high of $44.80. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 20.33 and a beta of 0.74.
About Central Garden & Pet
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, including edible bones, edible and non-edible chews, rawhides, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as cages and habitats, toys, chews, and related accessories.
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