Central Garden & Pet Co (CENTA) Stake Boosted by Olstein Capital Management L.P.

Olstein Capital Management L.P. grew its position in shares of Central Garden & Pet Co (NASDAQ:CENTA) by 27.1% in the 1st quarter, Holdings Channel reports. The fund owned 106,000 shares of the company’s stock after buying an additional 22,600 shares during the quarter. Olstein Capital Management L.P.’s holdings in Central Garden & Pet were worth $2,465,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Mason Street Advisors LLC raised its stake in Central Garden & Pet by 3.7% in the first quarter. Mason Street Advisors LLC now owns 13,176 shares of the company’s stock worth $306,000 after buying an additional 464 shares in the last quarter. Comerica Bank raised its stake in Central Garden & Pet by 1.2% in the first quarter. Comerica Bank now owns 42,427 shares of the company’s stock worth $1,013,000 after buying an additional 486 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Central Garden & Pet by 4.1% in the fourth quarter. State of Alaska Department of Revenue now owns 13,704 shares of the company’s stock worth $428,000 after buying an additional 536 shares in the last quarter. Victory Capital Management Inc. raised its stake in Central Garden & Pet by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 15,305 shares of the company’s stock worth $478,000 after buying an additional 598 shares in the last quarter. Finally, Systematic Financial Management LP raised its stake in Central Garden & Pet by 2.3% in the first quarter. Systematic Financial Management LP now owns 28,345 shares of the company’s stock worth $659,000 after buying an additional 627 shares in the last quarter. 67.67% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:CENTA opened at $26.92 on Tuesday. Central Garden & Pet Co has a 52 week low of $23.07 and a 52 week high of $41.97. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.79 and a current ratio of 4.52. The company has a market cap of $1.59 billion, a PE ratio of 14.09, a PEG ratio of 3.76 and a beta of 0.13.

Central Garden & Pet (NASDAQ:CENTA) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.05. Central Garden & Pet had a net margin of 4.19% and a return on equity of 9.92%. The firm had revenue of $673.70 million for the quarter, compared to analysts’ expectations of $645.58 million. As a group, equities analysts predict that Central Garden & Pet Co will post 1.8 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on CENTA shares. ValuEngine raised shares of Central Garden & Pet from a “strong sell” rating to a “sell” rating in a research note on Monday, April 1st. Zacks Investment Research downgraded shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. Finally, TheStreet downgraded shares of Central Garden & Pet from a “b” rating to a “c+” rating in a research note on Friday, February 22nd. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $41.25.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this piece of content on another website, it was stolen and republished in violation of international copyright and trademark laws. The correct version of this piece of content can be read at https://www.baseballdailydigest.com/news/2019/05/21/central-garden-pet-co-centa-stake-boosted-by-olstein-capital-management-l-p.html.

Central Garden & Pet 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.

Featured Article: Why are analyst ratings important in trading stocks?

Want to see what other hedge funds are holding CENTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Central Garden & Pet Co (NASDAQ:CENTA).

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

Receive News & Ratings for Central Garden & Pet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Garden & Pet and related companies with MarketBeat.com's FREE daily email newsletter.