Central Garden & Pet (CENTA) Set to Announce Earnings on Monday

Central Garden & Pet (NASDAQ:CENTA) is set to post its quarterly earnings results after the market closes on Monday, November 20th. Analysts expect Central Garden & Pet to post earnings of $0.08 per share for the quarter.

Central Garden & Pet Trading Up 0.1 %

NASDAQ CENTA opened at $41.17 on Thursday. Central Garden & Pet has a twelve month low of $33.77 and a twelve month high of $45.93. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.77 and a current ratio of 3.51. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 18.22 and a beta of 0.67. The firm’s 50 day moving average price is $40.17 and its two-hundred day moving average price is $38.51.

Insider Buying and Selling

In other Central Garden & Pet news, Director John Ranelli sold 2,440 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $40.87, for a total transaction of $99,722.80. Following the completion of the transaction, the director now owns 2,946 shares of the company’s stock, valued at approximately $120,403.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Central Garden & Pet news, insider John D. Walker III sold 11,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $41.07, for a total transaction of $451,770.00. Following the completion of the transaction, the insider now owns 70,394 shares of the company’s stock, valued at approximately $2,891,081.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Ranelli sold 2,440 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $40.87, for a total transaction of $99,722.80. Following the transaction, the director now directly owns 2,946 shares of the company’s stock, valued at approximately $120,403.02. The disclosure for this sale can be found here. 20.28% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CENTA. Point72 Hong Kong Ltd acquired a new position in shares of Central Garden & Pet during the second quarter valued at about $42,000. State of Wyoming raised its position in Central Garden & Pet by 66.8% in the second quarter. State of Wyoming now owns 1,583 shares of the company’s stock worth $58,000 after purchasing an additional 634 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Central Garden & Pet in the second quarter worth about $100,000. Northwestern Mutual Wealth Management Co. acquired a new position in Central Garden & Pet in the fourth quarter worth about $118,000. Finally, UBS Group AG raised its position in Central Garden & Pet by 262.1% in the third quarter. UBS Group AG now owns 4,323 shares of the company’s stock worth $147,000 after purchasing an additional 3,129 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on CENTA shares. StockNews.com cut shares of Central Garden & Pet from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 10th. KeyCorp boosted their price target on shares of Central Garden & Pet from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $44.33.

Central Garden & Pet Company Profile

Central Garden & Pet Company produces and distributes various 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 provides dog and cat supplies, such as dog treats and chews, toys, pet beds and grooming products, waste management and training pads, and pet containment; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; animal and household health and insect control products; live fish and products for fish, reptiles, and other aquarium-based pets, such as aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food, and supplements; and products for equine and livestock, as well as outdoor cushions.