BidaskClub upgraded shares of Central Garden & Pet (NASDAQ:CENT) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning, BidAskClub reports.

Separately, ValuEngine raised shares of ZTE CORP/ADR from a hold rating to a buy rating in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Central Garden & Pet presently has an average rating of Hold and a consensus target price of $40.50.

CENT stock opened at $29.90 on Wednesday. The company has a current ratio of 4.52, a quick ratio of 2.79 and a debt-to-equity ratio of 0.69. Central Garden & Pet has a 12 month low of $25.07 and a 12 month high of $44.22. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 15.65 and a beta of -0.13. The firm has a 50-day moving average price of $28.06.

Central Garden & Pet (NASDAQ:CENT) last released its earnings results on Monday, May 6th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.69 by $0.03. Central Garden & Pet had a net margin of 4.19% and a return on equity of 9.92%. The firm had revenue of $673.70 million for the quarter, compared to analyst estimates of $647.00 million. During the same period last year, the firm earned $0.86 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, equities research analysts forecast that Central Garden & Pet will post 1.8 EPS for the current fiscal year.

In related news, Director Brooks Pennington III sold 1,644 shares of Central Garden & Pet stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $26.24, for a total transaction of $43,138.56. Following the sale, the director now directly owns 42,023 shares of the company’s stock, valued at approximately $1,102,683.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George C. Roeth sold 3,595 shares of Central Garden & Pet stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $26.53, for a total transaction of $95,375.35. The disclosure for this sale can be found here. Insiders have sold a total of 10,962 shares of company stock worth $288,224 over the last ninety days. 12.60% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Huntington National Bank boosted its position in Central Garden & Pet by 33.6% during the 1st quarter. Huntington National Bank now owns 1,543 shares of the company’s stock worth $39,000 after buying an additional 388 shares during the period. Mint Tower Capital Management B.V. acquired a new stake in Central Garden & Pet during the 1st quarter worth approximately $50,000. BNP Paribas Arbitrage SA boosted its position in Central Garden & Pet by 611.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,405 shares of the company’s stock worth $61,000 after buying an additional 2,067 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in Central Garden & Pet during the 4th quarter worth approximately $100,000. Finally, Metropolitan Life Insurance Co. NY boosted its position in Central Garden & Pet by 371.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,513 shares of the company’s stock worth $121,000 after buying an additional 2,768 shares during the period. 22.70% of the stock is currently owned by institutional investors.

Central Garden & Pet Company Profile

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, 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 food, cages and habitats, toys, chews, and related accessories.

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Analyst Recommendations for Central Garden & Pet (NASDAQ:CENT)

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