The Q4 2017 EPS Estimates for Central Garden & Pet Co Decreased by KeyCorp (CENT)

The Q4 2017 EPS Estimates for Central Garden & Pet Co Decreased by KeyCorp (CENT)

Central Garden & Pet Co (NASDAQ:CENT) – Research analysts at KeyCorp dropped their Q4 2017 earnings estimates for shares of Central Garden & Pet Co in a research report issued on Wednesday, Zacks Investment Research reports. KeyCorp analyst J. Gere now anticipates that the company will post earnings of $0.11 per share for the quarter, down from their previous estimate of $0.12.

A number of other research analysts have also recently commented on the company. Zacks Investment Research cut Central Garden & Pet Co from a “buy” rating to a “hold” rating in a report on Wednesday, February 1st. Argus started coverage on Central Garden & Pet Co in a report on Wednesday, April 19th. They issued a “buy” rating and a $44.00 price objective on the stock. Finally, Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Central Garden & Pet Co in a report on Saturday, March 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $40.00. Central Garden & Pet Co (NASDAQ:CENT) traded down 2.08% during midday trading on Friday, hitting $32.54. The stock had a trading volume of 101,239 shares. The firm has a 50-day moving average of $36.66 and a 200-day moving average of $33.20. Central Garden & Pet Co has a 12-month low of $17.20 and a 12-month high of $39.33. The company has a market cap of $1.68 billion, a PE ratio of 26.85 and a beta of 0.42.

In other Central Garden & Pet Co news, Director John Ranelli sold 15,000 shares of the company’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $35.09, for a total transaction of $526,350.00. Following the transaction, the director now directly owns 47,489 shares in the company, valued at $1,666,389.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Balousek sold 12,000 shares of the company’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $35.50, for a total value of $426,000.00. Following the transaction, the director now owns 630 shares in the company, valued at $22,365. The disclosure for this sale can be found here. Insiders have sold 116,461 shares of company stock worth $3,948,252 over the last 90 days. 11.60% of the stock is owned by insiders. A number of institutional investors have recently bought and sold shares of the stock. Driehaus Capital Management LLC raised its position in Central Garden & Pet Co by 25.0% in the first 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. Credit Suisse AG raised its position in Central Garden & Pet Co by 66.2% in the first quarter. Credit Suisse AG now owns 72,139 shares of the company’s stock valued at $2,674,000 after buying an additional 28,725 shares during the period. Bank of America Corp DE raised its position in Central Garden & Pet Co by 4.3% in the first quarter. Bank of America Corp DE now owns 244,542 shares of the company’s stock valued at $9,065,000 after buying an additional 10,162 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Central Garden & Pet Co during the first quarter valued at approximately $243,000. Finally, Schwab Charles Investment Management Inc. raised its position in Central Garden & Pet Co by 6.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 39,294 shares of the company’s stock valued at $1,457,000 after buying an additional 2,394 shares during the period. 19.44% of the stock is currently owned by hedge funds and other institutional investors.

Central Garden & Pet Co Company Profile Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Pet segment and the Garden segment. It is a marketer and producer of pet supplies in the United States.

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