Thrivent Financial For Lutherans acquired a new position in shares of Central Garden & Pet Company (NASDAQ:CENT) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,730 shares of the company’s stock, valued at approximately $212,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CENT. PNC Financial Services Group Inc. boosted its position in shares of Central Garden & Pet by 65.7% in the first quarter. PNC Financial Services Group Inc. now owns 4,140 shares of the company’s stock worth $153,000 after buying an additional 1,641 shares during the period. Sei Investments Co. boosted its position in shares of Central Garden & Pet by 39.4% in the first quarter. Sei Investments Co. now owns 4,253 shares of the company’s stock worth $158,000 after buying an additional 1,201 shares during the period. Hartford Investment Management Co. purchased a new position in shares of Central Garden & Pet during the first quarter worth about $204,000. Alliancebernstein L.P. purchased a new position in shares of Central Garden & Pet during the first quarter worth about $222,000. Finally, Strs Ohio boosted its position in shares of Central Garden & Pet by 1,450.0% in the first quarter. Strs Ohio now owns 6,200 shares of the company’s stock worth $229,000 after buying an additional 5,800 shares during the period. 20.89% of the stock is currently owned by institutional investors and hedge funds.
Central Garden & Pet Company (NASDAQ:CENT) traded down 0.781% during mid-day trading on Thursday, hitting $33.645. 61,375 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $32.92 and its 200-day moving average price is $34.02. Central Garden & Pet Company has a 12 month low of $22.97 and a 12 month high of $39.33. The stock has a market cap of $1.74 billion, a PE ratio of 25.373 and a beta of 0.12.
Central Garden & Pet (NASDAQ:CENT) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ 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 business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company posted $0.48 EPS. Equities analysts expect that Central Garden & Pet Company will post $1.50 EPS for the current fiscal year.
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A number of research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Central Garden & Pet from a “sell” rating to a “hold” rating and set a $41.00 price objective on the stock in a research note on Friday, August 4th. BidaskClub cut shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Central Garden & Pet in a research note on Thursday, August 3rd. CL King assumed coverage on shares of Central Garden & Pet in a research note on Friday, July 7th. They issued a “buy” rating and a $38.00 price objective on the stock. Finally, Argus assumed coverage on shares of Central Garden & Pet in a research note on Wednesday, April 19th. They issued a “buy” rating and a $44.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $39.00.
In other news, Director Brooks Pennington III sold 25,933 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $34.16, for a total transaction of $885,871.28. Following the sale, the director now owns 48,365 shares in the company, valued at approximately $1,652,148.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Ranelli sold 3,100 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $29.33, for a total transaction of $90,923.00. Following the sale, the director now owns 110,668 shares in the company, valued at approximately $3,245,892.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,230 shares of company stock worth $3,209,400. Corporate insiders own 11.60% of the company’s stock.
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.
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