Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Central Garden & Pet (CENT) Share Price

Media stories about Central Garden & Pet (NASDAQ:CENT) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Central Garden & Pet earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.7832468210265 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Shares of Central Garden & Pet (NASDAQ CENT) opened at 34.26 on Friday. The firm’s 50-day moving average is $33.02 and its 200-day moving average is $34.03. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 25.84 and a beta of 0.12. Central Garden & Pet has a 12-month low of $22.97 and a 12-month high of $39.33.

Central Garden & Pet (NASDAQ:CENT) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.11. The firm had revenue of $574.59 million for the quarter, compared to analysts’ expectations of $544.26 million. Central Garden & Pet had a net margin of 3.49% and a return on equity of 13.66%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 earnings per share. Equities research analysts forecast that Central Garden & Pet will post $1.50 EPS for the current fiscal year.

CENT has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. CL King initiated coverage on shares of Central Garden & Pet in a research report on Friday, July 7th. They set a “buy” rating and a $38.00 price objective for the company. Sidoti raised shares of Central Garden & Pet from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th. BidaskClub raised shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Central Garden & Pet in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Central Garden & Pet has an average rating of “Hold” and an average price target of $39.00.

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In other Central Garden & Pet news, Director John Ranelli sold 22,563 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $30.49, for a total transaction of $687,945.87. Following the sale, the director now directly owns 39,385 shares of the company’s stock, valued at $1,200,848.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brooks Pennington III sold 25,933 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $34.16, for a total transaction of $885,871.28. Following the transaction, the director now owns 48,365 shares of the company’s stock, valued at approximately $1,652,148.40. The disclosure for this sale can be found here. Insiders have sold 99,230 shares of company stock worth $3,209,400 over the last three months. 11.60% of the stock is owned by corporate insiders.

About Central Garden & Pet

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.

Insider Buying and Selling by Quarter for Central Garden & Pet (NASDAQ:CENT)

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