Central Garden & Pet (NASDAQ:CENTA) Shares Bought by Logan Stone Capital LLC

Logan Stone Capital LLC boosted its position in Central Garden & Pet (NASDAQ:CENTA - Free Report) by 56.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 399,815 shares of the company's stock after buying an additional 143,668 shares during the period. Central Garden & Pet makes up approximately 4.4% of Logan Stone Capital LLC's investment portfolio, making the stock its 7th largest holding. Logan Stone Capital LLC owned 0.61% of Central Garden & Pet worth $13,214,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Summit Investment Advisors Inc. boosted its position in Central Garden & Pet by 6.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,458 shares of the company's stock worth $180,000 after purchasing an additional 325 shares in the last quarter. Sei Investments Co. boosted its position in Central Garden & Pet by 0.8% in the 4th quarter. Sei Investments Co. now owns 49,074 shares of the company's stock worth $1,622,000 after purchasing an additional 410 shares in the last quarter. Keybank National Association OH lifted its position in shares of Central Garden & Pet by 2.7% during the 4th quarter. Keybank National Association OH now owns 17,640 shares of the company's stock valued at $583,000 after buying an additional 468 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Central Garden & Pet by 0.4% during the 4th quarter. Rhumbline Advisers now owns 160,457 shares of the company's stock valued at $5,303,000 after buying an additional 678 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Central Garden & Pet by 0.7% during the 4th quarter. Swiss National Bank now owns 107,637 shares of the company's stock valued at $3,557,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 50.82% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CENTA shares. Truist Financial restated a "hold" rating and issued a $35.00 price objective (down previously from $40.00) on shares of Central Garden & Pet in a report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price objective on Central Garden & Pet from $34.00 to $31.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, StockNews.com lowered Central Garden & Pet from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Central Garden & Pet has a consensus rating of "Hold" and a consensus target price of $33.00.

Central Garden & Pet Price Performance

CENTA stock traded up $0.56 during midday trading on Friday, reaching $32.04. The stock had a trading volume of 320,703 shares, compared to its average volume of 318,122. Central Garden & Pet has a 52-week low of $27.70 and a 52-week high of $40.39. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 17.60 and a beta of 0.68. The company's fifty day simple moving average is $31.29 and its 200 day simple moving average is $32.02. The company has a current ratio of 3.47, a quick ratio of 1.97 and a debt-to-equity ratio of 0.78.

Central Garden & Pet (NASDAQ:CENTA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.94 by $0.10. Central Garden & Pet had a return on equity of 10.08% and a net margin of 3.77%. The business had revenue of $833.54 million during the quarter, compared to the consensus estimate of $876.36 million. As a group, sell-side analysts predict that Central Garden & Pet will post 2.38 earnings per share for the current fiscal year.

Central Garden & Pet Company 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.