John Edward Hanson sells 6,466 shares of Central Garden & Pet (NASDAQ: CENTA)

Central Garden & Pet (NASDAQ:CENTA – Get Rating) SVP John Edward Hanson sold 6,466 shares of the company in a trade dated Tuesday, August 16. The stock was sold at an average price of $42.65, for a total transaction of $275,774.90. Following the completion of the sale, the senior vice president now directly owns 49,805 shares of the company, valued at $2,124,183.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website.

Central Garden and Pet Stock Performance

Shares of Central Garden & Pet opened at $41.27 on Friday. The company has a market capitalization of $2.24 billion, a PE ratio of 14.95 and a beta of 0.55. The company has a debt ratio of 0.88, a quick ratio of 1.45 and a current ratio of 3.16. The company has a 50-day simple moving average of $40.63 and a two-hundred-day simple moving average of $41.50. Central Garden & Pet has a one-year low of $37.56 and a one-year high of $52.04.

Central Garden & Pet (NASDAQ:CENTA – Get Rating) last announced its results on Wednesday, August 3. The company reported EPS of $1.39 for the quarter, beating analyst consensus estimates of $1.26 by $0.13. The company posted revenue of $1.02 billion in the quarter, versus a consensus estimate of $993.37 million. Central Garden & Pet had a net margin of 4.48% and a return on equity of 11.86%. Research analysts expect Central Garden & Pet to post EPS of 2.86 for the current fiscal year.

Hedge funds weigh on Central Garden & Pet

Major investors have recently increased or reduced their stake in the company. Advisor Group Holdings Inc. increased its equity stake in Central Garden & Pet by 49.7% during the fourth quarter. Advisor Group Holdings Inc. now owns 1,726 shares of the company valued at $82,000 after acquiring 573 additional shares in the last quarter. Victory Capital Management Inc. increased its equity stake in Central Garden & Pet by 4.3% during the fourth quarter. Victory Capital Management Inc. now owns 25,124 shares of the company valued at $1,202,000 after acquiring 1,033 additional shares in the last quarter. ProShare Advisors LLC increased its equity stake in Central Garden & Pet by 62.3% during the fourth quarter. ProShare Advisors LLC now owns 10,097 shares of the company valued at $483,000 after acquiring 3,874 additional shares in the last quarter. Profund Advisors LLC acquired a new position in shares of Central Garden & Pet during the fourth quarter, valued at approximately $215,000. Finally, First Trust Advisors LP increased its equity stake in Central Garden & Pet by 19.8% during the fourth quarter. First Trust Advisors LP now owns 83,929 shares of the company valued at $4,016,000 after acquiring 13,855 additional shares in the last quarter. 68.74% of the shares are currently held by institutional investors.

Wall Street analysts predict growth

A number of analysts have weighed in on CENTA shares recently. Truist Financial lowered its price target on Central Garden & Pet shares from $65.00 to $60.00 and set a “buy” rating for the company in a Monday, August 8 research note. KeyCorp lowered its price target on Central Garden & Pet shares from $56.00 to $52.00 and set an “overweight” rating for the company in a Thursday, Aug. 4 research note.

About Central Garden & Pet

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Central Garden & Pet Company produces and distributes various products for the lawn and garden and pet supply markets in the United States. It operates through two segments, Pet and Garden. The Pets segment provides dog and cat supplies, such as dog treats and chews, toys, pet beds and grooming products, waste management and training mats, and pet containment devices; supplies for aquatic animals, small animals, reptiles and pet birds, including toys, cages and habitats, bedding, food and supplements; animal and household health and insect control products; live fish and products for fish, reptiles and other aquarium pets, such as aquariums, furniture and fixtures, pumps, filters, water conditioners, foods and supplements; and products for horses and livestock, as well as outdoor cushions and pillows.

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