Central Garden & Pet Company (NASDAQ:CENTA) Stock Holdings Boosted by Denali Advisors LLC

Denali Advisors LLC increased its holdings in shares of Central Garden & Pet Company (NASDAQ:CENTA - Free Report) by 37.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,626 shares of the company's stock after purchasing an additional 18,026 shares during the period. Denali Advisors LLC owned 0.10% of Central Garden & Pet worth $2,148,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Central Garden & Pet by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 5,979,003 shares of the company's stock valued at $197,606,000 after purchasing an additional 306,449 shares in the last quarter. American Century Companies Inc. increased its holdings in Central Garden & Pet by 14.1% during the 4th quarter. American Century Companies Inc. now owns 1,373,100 shares of the company's stock valued at $45,381,000 after acquiring an additional 170,121 shares in the last quarter. Westwood Holdings Group Inc. increased its holdings in Central Garden & Pet by 1.5% during the 4th quarter. Westwood Holdings Group Inc. now owns 961,615 shares of the company's stock valued at $31,781,000 after acquiring an additional 14,144 shares in the last quarter. Highbridge Capital Management LLC increased its holdings in Central Garden & Pet by 89.8% during the 4th quarter. Highbridge Capital Management LLC now owns 685,847 shares of the company's stock valued at $22,667,000 after acquiring an additional 324,493 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Central Garden & Pet by 10.6% during the 4th quarter. Northern Trust Corp now owns 572,833 shares of the company's stock valued at $18,932,000 after acquiring an additional 54,694 shares in the last quarter. Institutional investors and hedge funds own 50.82% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on CENTA. Wall Street Zen upgraded shares of Central Garden & Pet from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. JPMorgan Chase & Co. lowered their price target on shares of Central Garden & Pet from $34.00 to $31.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Truist Financial reiterated a "hold" rating and set a $35.00 price target (down from $40.00) on shares of Central Garden & Pet in a report on Wednesday, April 30th.

Central Garden & Pet Trading Down 1.9%

CENTA stock traded down $0.70 during midday trading on Friday, reaching $36.01. 487,020 shares of the company's stock traded hands, compared to its average volume of 340,565. The company has a market capitalization of $2.36 billion, a P/E ratio of 19.26 and a beta of 0.66. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.31 and a quick ratio of 1.93. Central Garden & Pet Company has a fifty-two week low of $27.70 and a fifty-two week high of $37.31. The business has a 50-day moving average price of $32.09 and a two-hundred day moving average price of $31.70.

Central Garden & Pet (NASDAQ:CENTA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.10. Central Garden & Pet had a net margin of 3.90% and a return on equity of 10.14%. The firm had revenue of $833.54 million for the quarter, compared to analyst estimates of $876.36 million. Equities research analysts forecast that Central Garden & Pet Company will post 2.38 EPS for the current fiscal year.

Insider Transactions at Central Garden & Pet

In other Central Garden & Pet news, Chairman William E. Brown sold 7,800 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $32.04, for a total transaction of $249,912.00. Following the sale, the chairman directly owned 377,383 shares of the company's stock, valued at approximately $12,091,351.32. This represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 107,800 shares of company stock valued at $3,490,112 over the last 90 days. Corporate insiders own 20.28% of the company's stock.

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.