Gotham Asset Management LLC acquired a new stake in Central Garden & Pet Co (NASDAQ:CENTA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,870 shares of the company’s stock, valued at approximately $308,000.
Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Central Garden & Pet by 1.6% during the 4th quarter. BlackRock Inc. now owns 5,980,155 shares of the company’s stock worth $186,880,000 after acquiring an additional 93,380 shares in the last quarter. Vanguard Group Inc grew its position in Central Garden & Pet by 17.6% during the 3rd quarter. Vanguard Group Inc now owns 4,176,075 shares of the company’s stock worth $138,396,000 after purchasing an additional 625,367 shares during the last quarter. Principal Financial Group Inc. grew its position in Central Garden & Pet by 16.0% during the 4th quarter. Principal Financial Group Inc. now owns 1,035,636 shares of the company’s stock worth $32,364,000 after purchasing an additional 142,962 shares during the last quarter. Rothschild & Co. Asset Management US Inc. grew its position in Central Garden & Pet by 1.3% during the 4th quarter. Rothschild & Co. Asset Management US Inc. now owns 1,017,840 shares of the company’s stock worth $31,808,000 after purchasing an additional 13,089 shares during the last quarter. Finally, FMR LLC grew its position in Central Garden & Pet by 2.1% during the 3rd quarter. FMR LLC now owns 814,357 shares of the company’s stock worth $26,988,000 after purchasing an additional 17,091 shares during the last quarter. 68.74% of the stock is owned by institutional investors and hedge funds.
Several brokerages have issued reports on CENTA. Zacks Investment Research raised shares of Central Garden & Pet from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Monday, February 4th. ValuEngine downgraded shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Friday, February 8th. Finally, TheStreet downgraded shares of Central Garden & Pet from a “b” rating to a “c+” rating in a report on Friday, February 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.25.
Central Garden & Pet (NASDAQ:CENTA) last released its quarterly earnings data on Wednesday, February 6th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $461.99 million for the quarter, compared to analysts’ expectations of $501.24 million. Central Garden & Pet had a return on equity of 11.19% and a net margin of 4.44%. On average, research analysts forecast that Central Garden & Pet Co will post 1.8 EPS for the current year.
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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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