John Ranelli Sells 11,800 Shares of Central Garden & Pet Company (NASDAQ:CENT) Stock

Central Garden & Pet Company (NASDAQ:CENT) Director John Ranelli sold 11,800 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $34.41, for a total transaction of $406,038.00. Following the sale, the director now directly owns 110,668 shares of the company’s stock, valued at $3,808,085.88. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Friday, May 26th, John Ranelli sold 3,100 shares of Central Garden & Pet stock. The shares were sold at an average price of $29.33, for a total transaction of $90,923.00.
  • On Thursday, May 25th, John Ranelli sold 17,962 shares of Central Garden & Pet stock. The shares were sold at an average price of $29.39, for a total transaction of $527,903.18.
  • On Monday, May 22nd, John Ranelli sold 22,563 shares of Central Garden & Pet stock. The shares were sold at an average price of $30.49, for a total transaction of $687,945.87.
  • On Tuesday, May 16th, John Ranelli sold 1,196 shares of Central Garden & Pet stock. The shares were sold at an average price of $32.47, for a total transaction of $38,834.12.
  • On Monday, May 15th, John Ranelli sold 629 shares of Central Garden & Pet stock. The shares were sold at an average price of $34.25, for a total transaction of $21,543.25.
  • On Wednesday, May 17th, John Ranelli sold 6,825 shares of Central Garden & Pet stock. The shares were sold at an average price of $32.00, for a total transaction of $218,400.00.
  • On Friday, May 12th, John Ranelli sold 15,000 shares of Central Garden & Pet stock. The shares were sold at an average price of $35.09, for a total transaction of $526,350.00.

Central Garden & Pet Company (NASDAQ:CENT) traded down 0.60% on Thursday, hitting $34.78. 76,044 shares of the company were exchanged. The stock’s 50-day moving average price is $32.56 and its 200-day moving average price is $34.00. The stock has a market capitalization of $1.80 billion, a P/E ratio of 26.23 and a beta of 0.12. Central Garden & Pet Company has a 52-week low of $22.97 and a 52-week high of $39.33.

Central Garden & Pet (NASDAQ:CENT) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.11. Central Garden & Pet had a return on equity of 13.66% and a net margin of 3.49%. The firm had revenue of $574.59 million during the quarter, compared to analysts’ expectations of $544.26 million. During the same period in the previous year, the business earned $0.48 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities research analysts anticipate that Central Garden & Pet Company will post $1.50 earnings per share for the current fiscal year.

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Hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its stake in shares of Central Garden & Pet by 20.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,136 shares of the company’s stock valued at $100,000 after buying an additional 537 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Central Garden & Pet by 8.9% in the second quarter. Sei Investments Co. now owns 4,633 shares of the company’s stock valued at $148,000 after buying an additional 380 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Central Garden & Pet by 65.7% in the first quarter. PNC Financial Services Group Inc. now owns 4,140 shares of the company’s stock valued at $153,000 after buying an additional 1,641 shares during the last quarter. Hartford Investment Management Co. purchased a new stake in shares of Central Garden & Pet during the first quarter valued at approximately $204,000. Finally, Thrivent Financial For Lutherans purchased a new stake in shares of Central Garden & Pet during the first quarter valued at approximately $212,000. Hedge funds and other institutional investors own 21.19% of the company’s stock.

A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Central Garden & Pet from a “sell” rating to a “hold” rating and set a $41.00 target price for the company in a report on Friday, August 4th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Central Garden & Pet in a report on Thursday, August 3rd. BidaskClub lowered shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. CL King assumed coverage on shares of Central Garden & Pet in a report on Friday, July 7th. They issued a “buy” rating and a $38.00 target price for the company. Finally, Sidoti raised shares of Central Garden & Pet from a “neutral” rating to a “buy” rating in a report on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Central Garden & Pet presently has an average rating of “Hold” and an average target price of $39.00.

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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