Systematic Financial Management LP Buys 627 Shares of Central Garden & Pet Co (CENTA)

Systematic Financial Management LP increased its stake in shares of Central Garden & Pet Co (NASDAQ:CENTA) by 2.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 28,345 shares of the company’s stock after purchasing an additional 627 shares during the period. Systematic Financial Management LP’s holdings in Central Garden & Pet were worth $659,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CENTA. Norges Bank purchased a new stake in Central Garden & Pet during the 4th quarter worth about $14,966,000. Highbridge Capital Management LLC purchased a new stake in Central Garden & Pet during the 4th quarter worth about $4,717,000. Portolan Capital Management LLC purchased a new stake in Central Garden & Pet during the 4th quarter worth about $4,655,000. Principal Financial Group Inc. lifted its holdings 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 in the last quarter. Finally, GW&K Investment Management LLC lifted its holdings in Central Garden & Pet by 24.1% during the 4th quarter. GW&K Investment Management LLC now owns 692,841 shares of the company’s stock worth $21,651,000 after purchasing an additional 134,454 shares in the last quarter. 67.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:CENTA traded down $0.33 on Wednesday, hitting $27.07. The company’s stock had a trading volume of 720 shares, compared to its average volume of 332,340. Central Garden & Pet Co has a 1 year low of $23.07 and a 1 year high of $41.97. The stock has a market cap of $1.59 billion, a P/E ratio of 14.17, a PEG ratio of 3.76 and a beta of 0.13. The company has a quick ratio of 2.79, a current ratio of 4.52 and a debt-to-equity ratio of 0.69.

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

A number of brokerages recently issued reports on CENTA. Zacks Investment Research cut Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine cut Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Friday, February 8th. Finally, TheStreet cut Central Garden & Pet from a “b” rating to a “c+” rating in a report on Friday, February 22nd. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Central Garden & Pet currently has an average rating of “Hold” and a consensus price target of $41.25.

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

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