28,180 Shares of Central Garden & Pet Company $CENTA Acquired by CenterBook Partners LP

CenterBook Partners LP purchased a new position in shares of Central Garden & Pet Company (NASDAQ:CENTA) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 28,180 shares of the company’s stock, valued at approximately $945,000.

A number of other large investors also recently modified their holdings of the business. Commonwealth Equity Services LLC acquired a new stake in shares of Central Garden & Pet in the third quarter valued at about $304,000. ProShare Advisors LLC acquired a new position in Central Garden & Pet during the third quarter valued at approximately $232,000. Fifth Third Wealth Advisors LLC acquired a new position in Central Garden & Pet during the third quarter valued at approximately $368,000. Nisa Investment Advisors LLC boosted its position in Central Garden & Pet by 28.6% during the third quarter. Nisa Investment Advisors LLC now owns 4,945 shares of the company’s stock valued at $166,000 after purchasing an additional 1,100 shares during the last quarter. Finally, CWA Asset Management Group LLC grew its stake in Central Garden & Pet by 11.7% in the third quarter. CWA Asset Management Group LLC now owns 46,136 shares of the company’s stock valued at $1,546,000 after purchasing an additional 4,835 shares in the last quarter. 50.82% of the stock is currently owned by institutional investors and hedge funds.

Central Garden & Pet Price Performance

Shares of NASDAQ CENTA opened at $41.20 on Wednesday. The company has a quick ratio of 2.67, a current ratio of 3.79 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average price is $36.39 and its two-hundred day moving average price is $35.47. The company has a market cap of $2.58 billion, a PE ratio of 15.37 and a beta of 0.58. Central Garden & Pet Company has a twelve month low of $27.41 and a twelve month high of $42.44.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CENTA. Weiss Ratings lowered Central Garden & Pet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, November 4th. Zacks Research downgraded Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. increased their price objective on Central Garden & Pet from $32.00 to $37.00 and gave the company an “underweight” rating in a report on Thursday, July 16th. Finally, Wall Street Zen cut shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $46.67.

About Central Garden & Pet

Central Garden & Pet is a consumer products company focused on the pet and lawn and garden markets. Founded in 1980 and headquartered in Walnut Creek, California, it supplies products to retailers, distributors and consumers, primarily in North America. Its Pet segment offers products for animals including dogs, cats, birds, fish, reptiles and small animals. Brands in its portfolio include Aqueon, Kaytee, Nylabone, Chuckit! and Zilla, with products ranging from pet food and treats to toys, habitats and health supplies.