State of Alaska Department of Revenue Sells 1,406 Shares of Central Garden & Pet Co (NASDAQ:CENTA)

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State of Alaska Department of Revenue lessened its stake in Central Garden & Pet Co (NASDAQ:CENTA) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,339 shares of the company’s stock after selling 1,406 shares during the quarter. State of Alaska Department of Revenue’s holdings in Central Garden & Pet were worth $890,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GW&K Investment Management LLC increased its holdings in Central Garden & Pet by 28.9% in the third quarter. GW&K Investment Management LLC now owns 1,019,531 shares of the company’s stock valued at $28,266,000 after purchasing an additional 228,320 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Central Garden & Pet by 1,345.2% during the third quarter. SG Americas Securities LLC now owns 75,122 shares of the company’s stock worth $2,083,000 after buying an additional 69,924 shares in the last quarter. Man Group plc bought a new position in shares of Central Garden & Pet during the third quarter worth about $287,000. Millennium Management LLC grew its holdings in shares of Central Garden & Pet by 2,457.1% during the third quarter. Millennium Management LLC now owns 255,097 shares of the company’s stock worth $7,072,000 after buying an additional 245,121 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY grew its holdings in shares of Central Garden & Pet by 4.4% during the third quarter. Metropolitan Life Insurance Co NY now owns 13,660 shares of the company’s stock worth $379,000 after buying an additional 577 shares in the last quarter. Institutional investors and hedge funds own 66.15% of the company’s stock.

Several research analysts recently commented on the company. KeyCorp reduced their price target on Central Garden & Pet from $36.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. ValuEngine raised Central Garden & Pet from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Zacks Investment Research cut Central Garden & Pet from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 28th. Finally, Bank of America cut Central Garden & Pet from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Central Garden & Pet has a consensus rating of “Hold” and a consensus target price of $33.00.

CENTA opened at $30.88 on Friday. Central Garden & Pet Co has a 12-month low of $20.50 and a 12-month high of $36.92. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 2.65 and a beta of 0.11. The business has a 50 day moving average of $28.34 and a 200-day moving average of $26.65. The company has a quick ratio of 3.02, a current ratio of 4.69 and a debt-to-equity ratio of 0.70.

Central Garden & Pet (NASDAQ:CENTA) last released its quarterly earnings data on Tuesday, November 26th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.13). Central Garden & Pet had a net margin of 3.89% and a return on equity of 9.26%. The business had revenue of $540.74 million during the quarter, compared to analyst estimates of $518.20 million. As a group, analysts expect that Central Garden & Pet Co will post 1.61 earnings per share for the current year.

Central Garden & Pet Company Profile

Central Garden & Pet Company, together with its subsidiaries, produces and distributes products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments, Pet and Garden. The Pet segment supplies products for dogs and cats, including edible bones, edible and non-edible chews, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as food, cages and habitats, toys, chews, and related accessories.

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Institutional Ownership by Quarter for Central Garden & Pet (NASDAQ:CENTA)

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