From MarketBeat:

Central Garden & Pet was downgraded by StockNews.com from a “buy” rating to a “hold” rating on Friday. The company has a “Moderate Buy” rating and an average price target of $44.33.

Central Garden & Pet’s trading has decreased by 1.2%. The firm has released data on its fifty and 200-day moving averages, a debt-to-equity ratio of 0.82, and a market cap of $2.36 billion.

Central Garden & Pet’s quarterly earnings beat analysts’ estimates, with $0.10 earnings per share. The company reported revenue of $750.15 million for the quarter.

Insiders have sold shares of Central Garden & Pet stock, with John Edward Hanson selling 6,000 shares at an average price of $39.23, totaling $235,380.00.

Several institutional investors have increased their stakes in Central Garden & Pet. Victory Capital Management Inc. now owns 2,238,044 shares of the company’s stock.

Central Garden & Pet Company produces and distributes products for the lawn and garden, and pet supplies markets. The company operates through two segments: Pet and Garden.

Central Garden & Pet has not been identified as top-rated by analysts but is currently rated as a “Moderate Buy” based on an average price target.



Read more: Central Garden & Pet (NASDAQ:CENTA) Downgraded by StockNews.com to “Hold”