Central Garden & Pet (NASDAQ:CENTA) SVP John Edward Hanson Sells 6,593 Shares of Stock

Posted by Defense World Staff on Aug 9th, 2023

Central Garden & Pet (NASDAQ:CENTA – Get Free Report) SVP John Edward Hanson sold 6,593 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $42.63, for a total transaction of $281,059.59. Following the sale, the senior vice president now directly owns 40,223 shares in the company, valued at approximately $1,714,706.49. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Central Garden & Pet Trading Up 0.3 %

Shares of CENTA opened at $42.95 on Wednesday. Central Garden & Pet has a 52-week low of $33.69 and a 52-week high of $45.93. The company has a quick ratio of 1.77, a current ratio of 3.51 and a debt-to-equity ratio of 0.82. The firm’s fifty day moving average is $36.95 and its two-hundred day moving average is $37.46. The stock has a market cap of $2.32 billion, a PE ratio of 19.00 and a beta of 0.71.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Central Garden & Pet from $41.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 19th. KeyCorp lifted their price target on shares of Central Garden & Pet from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, August 3rd. StockNews.com raised shares of Central Garden & Pet from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 4th. Truist Financial dropped their price target on shares of Central Garden & Pet from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, April 19th. Finally, TheStreet raised shares of Central Garden & Pet from a “c+” rating to a “b” rating in a research note on Thursday, May 4th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $45.75.

View Our Latest Report on Central Garden & Pet

Institutional Investors Weigh In On Central Garden & Pet

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arizona State Retirement System boosted its stake in Central Garden & Pet by 2.2% during the 4th quarter. Arizona State Retirement System now owns 11,696 shares of the company’s stock worth $419,000 after purchasing an additional 247 shares during the last quarter. Susquehanna International Group LLP raised its holdings in shares of Central Garden & Pet by 2.4% during the 4th quarter. Susquehanna International Group LLP now owns 12,275 shares of the company’s stock worth $439,000 after acquiring an additional 289 shares during the period. Pathstone Family Office LLC raised its holdings in shares of Central Garden & Pet by 3.2% during the 4th quarter. Pathstone Family Office LLC now owns 10,830 shares of the company’s stock worth $388,000 after acquiring an additional 331 shares during the period. Legal & General Group Plc raised its holdings in shares of Central Garden & Pet by 0.3% during the 2nd quarter. Legal & General Group Plc now owns 119,814 shares of the company’s stock worth $4,794,000 after acquiring an additional 363 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Central Garden & Pet by 2.5% during the 3rd quarter. Royal Bank of Canada now owns 14,798 shares of the company’s stock worth $506,000 after acquiring an additional 365 shares during the period. Institutional investors and hedge funds own 69.33% of the company’s stock.

About Central Garden & Pet

(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 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.