Central Garden & Pet Co (CENTA) Given Daily Coverage Optimism Rating of 0.32

In other Central Garden & Pet Co news, Director John Balousek sold 12,000 shares of the company's stock in a transaction on Friday, February 17th. Following the completion of the sale, the insider now directly owns 142,558 shares in the company, valued at approximately $4,734,351.18. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

05/08/2015 - Central Garden & Pet Company was downgraded to " by analysts at Zacks. It dropped, as 62 investors sold APD shares while 245 reduced holdings. Blackrock Fund Advsrs stated it has 0% of its portfolio in Central Garden & Pet Co (NASDAQ:CENT). $43,818 worth of Central Garden & Pet Co (NASDAQ:CENT) shares were sold by SPRINGER MARY BETH. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. The shares were sold at an average price of $33.64, for a total value of $1,089,195.92. Also, General Counsel George A. Yuhas sold 7,287 shares of the business's stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $34.03, for a total value of $670,016.67.

Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of Central Garden & Pet Company (NASDAQ:CENT). Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 1,322,444 shares of the stock are valued at $41.96 million. Central Garden & Pet Co (NASDAQ:CENTA) has risen 73.49% since May 22, 2016 and is uptrending. The firm's 50-day moving average price is $36.45 and its 200 day moving average price is $33.48. This company shares are 52.54% off its target price of $45 and the current market capitalization stands at $1.48B.

Analysts await Central Garden & Pet Co (NASDAQ:CENT) to report earnings on August, 1. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. The firm had revenue of $570 million for the quarter, compared to analysts' expectations of $572.37 million. They expect $0.51 earnings per share, up 6.25% or $0.03 from last year's $0.48 per share. $1.02M worth of Central Garden & Pet Co (NASDAQ:CENT) shares were sold by SPRINGER MARY BETH. If you are reading this story on another domain, it was illegally copied and republished in violation of worldwide copyright and trademark laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/05/17/q3-2017-eps-estimates-for-central-garden-pet-co-boosted-by-analyst-cent-updated.html.

Several equities research analysts have recently weighed in on the company. Central Garden & Pet Co has a one year low of $17.20 and a one year high of $39.33. Dimensional Fund Advisors Limited Partnership invested 0.02% of its portfolio in Central Garden & Pet Co (NASDAQ:CENT). Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.8 average brokerage recommendation. The company has an average rating of "Hold" and a consensus price target of $40.00. Moreover, Foundry Prtnrs Llc has 0.18% invested in Central Garden & Pet Co (NASDAQ:CENT) for 126,075 shares. Insiders have sold a total of 116,461 shares of company stock worth $3,948,252 in the last quarter. Finally, Oppenheimer Holdings Inc. reaffirmed a "hold" rating on shares of Central Garden & Pet Co in a research note on Saturday, March 25th. TIAA CREF Investment Management LLC now owns 198,057 shares of the company's stock worth $5,149,000 after buying an additional 161,741 shares during the last quarter. Hartford Investment Management Co. acquired a new stake in Central Garden & Pet Co during the first quarter worth $204,000. Finally, FMR LLC boosted its stake in Central Garden & Pet Co by 66.6% in the fourth quarter. Driehaus Capital Management LLC now owns 52,847 shares of the company's stock valued at $1,959,000 after buying an additional 10,565 shares during the period.

Institutional investors now hold around $394 million or 92.2% in CENT stock.

It is a marketer and producer of pet supplies in the United States. He most recently served as a SVP Finance, Operations Management & Reporting and CFO of Central's Pet Segment.