Central Garden & Pet (NASDAQ:CENTA) Holdings Raised by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC grew its stake in shares of Central Garden & Pet (NASDAQ:CENTA - Free Report) by 49.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,866 shares of the company's stock after acquiring an additional 36,900 shares during the period. Schonfeld Strategic Advisors LLC owned 0.17% of Central Garden & Pet worth $3,664,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Smartleaf Asset Management LLC raised its holdings in shares of Central Garden & Pet by 668.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 930 shares of the company's stock valued at $31,000 after purchasing an additional 809 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Central Garden & Pet in the fourth quarter worth about $102,000. KBC Group NV boosted its stake in shares of Central Garden & Pet by 50.1% during the 4th quarter. KBC Group NV now owns 3,606 shares of the company's stock worth $119,000 after acquiring an additional 1,204 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of Central Garden & Pet by 6.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,458 shares of the company's stock worth $180,000 after acquiring an additional 325 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Central Garden & Pet by 12.6% in the 4th quarter. Bank of Montreal Can now owns 6,538 shares of the company's stock valued at $216,000 after acquiring an additional 734 shares in the last quarter. 50.82% of the stock is owned by institutional investors and hedge funds.

Central Garden & Pet Trading Up 1.6 %

Shares of CENTA opened at $30.27 on Friday. The stock's 50-day moving average price is $31.42 and its 200 day moving average price is $31.90. The company has a quick ratio of 1.97, a current ratio of 3.47 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 16.63 and a beta of 0.75. Central Garden & Pet has a 12-month low of $27.70 and a 12-month high of $41.03.

Central Garden & Pet (NASDAQ:CENTA - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.03) by $0.24. Central Garden & Pet had a return on equity of 10.08% and a net margin of 3.77%. As a group, research analysts predict that Central Garden & Pet will post 2.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

CENTA has been the topic of several analyst reports. StockNews.com upgraded Central Garden & Pet from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Argus lowered shares of Central Garden & Pet from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. cut their target price on shares of Central Garden & Pet from $34.00 to $31.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Truist Financial reiterated a "hold" rating and issued a $35.00 price objective (down from $40.00) on shares of Central Garden & Pet in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Central Garden & Pet currently has a consensus rating of "Moderate Buy" and an average target price of $36.00.

Insider Transactions at Central Garden & Pet

In other news, insider John D. Walker III sold 10,000 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $32.86, for a total value of $328,600.00. Following the sale, the insider now owns 67,111 shares of the company's stock, valued at approximately $2,205,267.46. This represents a 12.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 20.28% of the stock is owned by insiders.

Central Garden & Pet Profile

Central Garden & Pet Co engages in the production and distribution of branded and private label products for the lawn, garden, and pet supplies markets. It operates through the Pet and Garden segments. The Pet segment focuses on dog and cat supplies such as dog treats and chews, toys, pet beds and containment, grooming products, waste management and training pads, supplies for aquatics, small animals, reptiles and pet birds including toys, cages and habitats, bedding, food and supplements, products for equine and livestock, animal and household health and insect control products, live fish, and small animals, as well as outdoor cushions.

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