NorthRock Partners LLC Buys Shares of 58,141 Central Garden & Pet (NASDAQ:CENTA)

NorthRock Partners LLC acquired a new position in Central Garden & Pet (NASDAQ:CENTA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 58,141 shares of the company's stock, valued at approximately $1,922,000. NorthRock Partners LLC owned 0.09% of Central Garden & Pet at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Numerai GP LLC acquired a new stake in Central Garden & Pet in the 4th quarter valued at $237,000. Maven Securities LTD bought a new stake in Central Garden & Pet during the fourth quarter worth $879,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Central Garden & Pet by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,678 shares of the company's stock worth $981,000 after buying an additional 1,024 shares in the last quarter. Logan Stone Capital LLC lifted its stake in Central Garden & Pet by 56.1% during the 4th quarter. Logan Stone Capital LLC now owns 399,815 shares of the company's stock valued at $13,214,000 after acquiring an additional 143,668 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its holdings in Central Garden & Pet by 131.0% during the fourth quarter. Gotham Asset Management LLC now owns 16,668 shares of the company's stock worth $551,000 after purchasing an additional 9,451 shares during the last quarter. Institutional investors own 50.82% of the company's stock.

Wall Street Analysts Forecast Growth

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

Central Garden & Pet Price Performance

Shares of NASDAQ CENTA traded up $0.16 during midday trading on Tuesday, reaching $32.30. 62,896 shares of the stock traded hands, compared to its average volume of 316,869. Central Garden & Pet has a one year low of $27.70 and a one year high of $40.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.47 and a quick ratio of 1.97. The company's 50 day moving average is $31.30 and its 200 day moving average is $32.06. The stock has a market capitalization of $2.12 billion, a PE ratio of 17.77 and a beta of 0.68.

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 the consensus estimate of $0.94 by $0.10. The company had revenue of $833.54 million for the quarter, compared to analysts' expectations of $876.36 million. Central Garden & Pet had a net margin of 3.77% and a return on equity of 10.08%. On average, equities research analysts anticipate that Central Garden & Pet will post 2.38 earnings per share for the current 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.