Shares of Central Garden & Pet Co. (NASDAQ:CENT) have been assigned a consensus broker rating score of 2.00 (Buy) from the four analysts that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company. Central Garden & Pet Co.’s rating score has improved by 14.2% in the last three months as a result of various analysts’ upgrades and downgrades.

Brokerages have set a 1 year consensus price objective of $30.00 for the company and are expecting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Central Garden & Pet Co. an industry rank of 89 out of 265 based on the ratings given to its competitors.

CENT has been the subject of several recent analyst reports. Zacks Investment Research cut Central Garden & Pet Co. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 4th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Central Garden & Pet Co. in a report on Friday, August 26th. Finally, Sidoti started coverage on shares of Central Garden & Pet Co. in a report on Wednesday, August 17th. They set a “neutral” rating for the company.

TRADEMARK VIOLATION NOTICE: “Brokerages Anticipate Central Garden & Pet Co. (CENT) to Announce $0.05 Earnings Per Share” was published by Financial Market News and is the sole property of of Financial Market News. If you are accessing this piece on another publication, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this piece can be read at http://www.financial-market-news.com/brokerages-anticipate-central-garden-pet-co-cent-to-announce-0-05-earnings-per-share/1209648/.

Shares of Central Garden & Pet Co. (NASDAQ:CENT) opened at 30.00 on Friday. The firm has a market capitalization of $1.53 billion, a PE ratio of 33.08 and a beta of 0.36. Central Garden & Pet Co. has a 1-year low of $11.67 and a 1-year high of $29.98. The stock has a 50 day moving average price of $26.29 and a 200 day moving average price of $24.19.

In related news, Director John Ranelli sold 7,886 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $25.49, for a total value of $201,014.14. Following the completion of the sale, the director now directly owns 96,379 shares in the company, valued at $2,456,700.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman William E. Brown sold 14,200 shares of the stock in a transaction on Monday, September 26th. The shares were sold at an average price of $24.48, for a total value of $347,616.00. Following the completion of the sale, the chairman now owns 2,224,293 shares of the company’s stock, valued at $54,450,692.64. The disclosure for this sale can be found here. Insiders own 13.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Emerald Acquisition Ltd. bought a new stake in Central Garden & Pet Co. during the second quarter worth $1,297,000. KBC Group NV increased its stake in Central Garden & Pet Co. by 561.2% in the second quarter. KBC Group NV now owns 16,392 shares of the company’s stock worth $374,000 after buying an additional 13,913 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Central Garden & Pet Co. by 277.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,443 shares of the company’s stock worth $124,000 after buying an additional 4,000 shares during the last quarter. California State Teachers Retirement System bought a new stake in Central Garden & Pet Co. during the second quarter worth $485,000. Finally, Bank of New York Mellon Corp increased its stake in Central Garden & Pet Co. by 72.5% in the second quarter. Bank of New York Mellon Corp now owns 146,686 shares of the company’s stock worth $3,349,000 after buying an additional 61,640 shares during the last quarter. Institutional investors and hedge funds own 20.05% of the company’s stock.

Central Garden & Pet Co. Company Profile

Central Garden & Pet Company is a marketer and producer of branded products, and distributor of third party products to pet, and lawn and garden supplies industries. The Company’s segments are Pet and Garden. Its Pet segment is engaged in the manufacturing, purchase, sale and delivery of internally and externally produced pet supplies, books and food to independent pet distributors, national and regional retail chains, grocery stores, mass merchants and bookstores.

5 Day Chart for NASDAQ:CENT

Get a free copy of the Zacks research report on Central Garden & Pet Co. (CENT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Central Garden & Pet Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Garden & Pet Co. and related companies with MarketBeat.com's FREE daily email newsletter.