Central Garden & Pet Company (CENTA): Why insiders taking interest in this stock

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Central Garden & Pet Company (NASDAQ:CENTA) changes shares on Thursday trading session, with a change of 3.21% or $1.01 shares. The trading starts at $31.39 and closed at $31.43 throughout the day. The trading session low price was $31.02 and day high was $32.48 on Thursday, June 25. After the session, the Consumer Defensive sector daily volume shifted to 0.44 million while its average volume is 286.76K. In other hand, the CENTA market cap reached to $1.35B. While, its current target price is $32.44 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 2.21% and down -5.73% for month. Its quarterly performance was 32.57% above, while its half year performance is up 8.60%. CENTA yearly performance stood at positive 35.17% and rise 10.49% for year-to-date. Current recommendation for Central Garden & Pet Company is 2.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. CENTA EPS (TTM) for 12-month is 1.54. EPS for this year is 1.30%, while for the next year its value is 1.78. Sales growth for the current quarter is 3.56 while its EPS Q/Q reached 0.70%. It has an EPS of next five years will be up 5.90%.

Let’s take a look on the analyst recommendations on CENTA for the current month and previous month. For the current month, 2 of 5 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 3 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $32.00-$38.00. Average target price for CENTA was reached at $35.25.

Blackrock Inc., Vanguard Group, Inc. (The) and Dimensional Fund Advisors LP are the top three holders in Central Garden & Pet Company (CENTA) stock. On Mar 30, 2020, Blackrock Inc. has 6.04 million shares which valued 154.47 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 4.38 million shares which valued at 111.92 million. On Mar 30, 2020, Dimensional Fund Advisors LP has a total of 2.74 million shares which valued at 70.08 million. In the end, Dimensional Fund Advisors LP have 6.57% shares outstanding of Central Garden & Pet Company (CENTA) on Mar 30, 2020. The insider ownership moved to 6.48% and institutional holding shifted to 93.25%.

The company posted an EPS (TTM) of 1.54. According to the most recent quarter report on (Jun 2020), 2 analysts estimated an average EPS of 0.8, while 0.8 EPS posted a year ago period. Analyst Estimated EPS for CENTA published in the report was 0.8-0.8 during the same period. Comparing with last year, the average estimated EPS was 0.8 which is higher than 0.78 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CENTA rise 12.55% for period of 200 days. SMA for 50 days was 1.79% which is showing green signal, while SMA-20 was -1.09%. The moving average value for Central Garden & Pet Company (CENTA) is 29.37 and 32.82 for 200 and 50 days respectively.