Central Garden & Pet (NASDAQ:CENTA) Director John Ranelli sold 3,668 shares of the company’s stock on February 19th for a total of $126,546, reducing his stake by over 85%. This insider sale comes as the company slightly beat EPS estimates but missed revenue for its latest quarter, while analysts generally hold a “Hold” rating with an average price target of $40.75. The stock traded down around 1.2% following the news, with institutional investors owning over 50% of the shares.
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Insider Selling: Central Garden & Pet (NASDAQ:CENTA) Director Sells 3,668 Shares of Stock
Central Garden & Pet (NASDAQ:CENTA) Director John Ranelli sold 3,668 shares of the company’s stock on February 19th for a total of $126,546, reducing his stake by over 85%. This insider sale comes as the company slightly beat EPS estimates but missed revenue for its latest quarter, while analysts generally hold a “Hold” rating with an average price target of $40.75. The stock traded down around 1.2% following the news, with institutional investors owning over 50% of the shares.