15,004 Shares in Central Garden & Pet Company (NASDAQ:CENT) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in shares of Central Garden & Pet Company (NASDAQ:CENT - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 15,004 shares of the company's stock, valued at approximately $550,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Central Garden & Pet by 9.3% in the fourth quarter. Vanguard Group Inc. now owns 1,474,313 shares of the company's stock worth $57,203,000 after buying an additional 125,418 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Central Garden & Pet by 0.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 817,499 shares of the company's stock valued at $29,757,000 after acquiring an additional 6,307 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Central Garden & Pet by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 796,917 shares of the company's stock valued at $30,920,000 after purchasing an additional 22,703 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Central Garden & Pet by 1.8% in the 4th quarter. Northern Trust Corp now owns 207,076 shares of the company's stock worth $8,035,000 after purchasing an additional 3,655 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Central Garden & Pet by 14.5% in the 4th quarter. Millennium Management LLC now owns 186,167 shares of the company's stock worth $7,223,000 after purchasing an additional 23,622 shares in the last quarter. 16.13% of the stock is currently owned by institutional investors.

Insider Activity at Central Garden & Pet

In other Central Garden & Pet news, Chairman William E. Brown sold 7,800 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $32.04, for a total value of $249,912.00. Following the transaction, the chairman 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 107,800 shares of company stock valued at $3,490,112 over the last three months. Insiders own 8.19% of the company's stock.

Analysts Set New Price Targets

Separately, Truist Financial downgraded Central Garden & Pet from a "buy" rating to a "hold" rating and set a $35.00 price target on the stock. in a report on Wednesday, April 30th.

Central Garden & Pet Stock Performance

Shares of CENT stock traded down $0.99 during trading hours on Friday, reaching $34.09. The company had a trading volume of 86,909 shares, compared to its average volume of 145,209. The business has a fifty day moving average price of $37.13 and a 200-day moving average price of $36.44. Central Garden & Pet Company has a one year low of $31.97 and a one year high of $43.88. The firm has a market cap of $2.23 billion, a PE ratio of 15.50 and a beta of 0.70. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.93 and a current ratio of 3.31.

Central Garden & Pet (NASDAQ:CENT - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.22. The company had revenue of $960.91 million for the quarter, compared to analysts' expectations of $993.66 million. Central Garden & Pet had a net margin of 4.44% and a return on equity of 10.86%. The firm's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the company posted $1.19 earnings per share. Sell-side analysts predict that Central Garden & Pet Company 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.