Central Garden & Pet (NASDAQ:CENT) Short Interest Up 5.5% in March

Central Garden & Pet (NASDAQ:CENTGet Free Report) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,160,000 shares, an increase of 5.5% from the February 29th total of 1,100,000 shares. Based on an average daily trading volume, of 112,200 shares, the short-interest ratio is presently 10.3 days. Currently, 14.5% of the company’s shares are sold short.

Insider Buying and Selling

In related news, CFO Nicholas Lahanas sold 13,101 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $37.64, for a total transaction of $493,121.64. Following the completion of the sale, the chief financial officer now directly owns 115,796 shares of the company’s stock, valued at $4,358,561.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider John Edward Hanson sold 5,321 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $37.19, for a total transaction of $197,887.99. Following the completion of the transaction, the insider now owns 35,460 shares in the company, valued at $1,318,757.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Nicholas Lahanas sold 13,101 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $37.64, for a total transaction of $493,121.64. Following the transaction, the chief financial officer now owns 115,796 shares of the company’s stock, valued at approximately $4,358,561.44. The disclosure for this sale can be found here. Insiders sold a total of 25,822 shares of company stock valued at $965,026 over the last ninety days. Insiders own 9.53% of the company’s stock.

Hedge Funds Weigh In On Central Garden & Pet

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Central Garden & Pet by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,496,701 shares of the company’s stock worth $75,000,000 after acquiring an additional 27,379 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Central Garden & Pet by 9.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 18,212 shares of the company’s stock worth $913,000 after acquiring an additional 1,560 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Central Garden & Pet by 14.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 31,625 shares of the company’s stock worth $1,585,000 after buying an additional 4,046 shares during the last quarter. Legal & General Group Plc grew its position in shares of Central Garden & Pet by 1.6% in the 4th quarter. Legal & General Group Plc now owns 26,563 shares of the company’s stock worth $1,331,000 after buying an additional 418 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Central Garden & Pet by 210.8% in the 4th quarter. Barclays PLC now owns 15,116 shares of the company’s stock worth $758,000 after buying an additional 10,252 shares during the last quarter. 16.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CENT has been the topic of a number of research reports. Canaccord Genuity Group assumed coverage on shares of Central Garden & Pet in a research report on Tuesday, March 12th. They issued a “buy” rating and a $52.00 price objective on the stock. Truist Financial raised their price target on shares of Central Garden & Pet from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Canaccord Genuity Group assumed coverage on shares of Central Garden & Pet in a report on Tuesday, March 12th. They issued a “buy” rating and a $52.00 price objective for the company. Finally, TheStreet upgraded shares of Central Garden & Pet from a “c+” rating to a “b-” rating in a report on Friday, March 1st.

Get Our Latest Report on CENT

Central Garden & Pet Stock Up 0.1 %

CENT stock opened at $40.95 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.55 and a current ratio of 3.47. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 20.31 and a beta of 0.72. Central Garden & Pet has a fifty-two week low of $28.48 and a fifty-two week high of $44.45. The stock has a fifty day moving average of $41.58 and a 200-day moving average of $34.19.

Central Garden & Pet (NASDAQ:CENTGet Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.15. Central Garden & Pet had a return on equity of 10.32% and a net margin of 4.06%. The firm had revenue of $634.53 million for the quarter, compared to analysts’ expectations of $620.11 million. As a group, equities research analysts predict that Central Garden & Pet will post 2.29 earnings per share for the current year.

Central Garden & Pet Company Profile

(Get Free Report)

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 containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.

Further Reading

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