Wipfli Financial Advisors LLC Acquires Shares of 920 Central Garden & Pet (NASDAQ:CENTA)

Wipfli Financial Advisors LLC bought a new stake in Central Garden & Pet (NASDAQ:CENTAGet Rating) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 920 shares of the company’s stock, valued at approximately $31,000.

A number of other hedge funds have also modified their holdings of the business. Texas Permanent School Fund raised its position in shares of Central Garden & Pet by 4.1% in the third quarter. Texas Permanent School Fund now owns 29,814 shares of the company’s stock valued at $1,018,000 after buying an additional 1,185 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Central Garden & Pet in the third quarter valued at about $676,000. Boston Trust Walden Corp raised its position in shares of Central Garden & Pet by 13.3% in the third quarter. Boston Trust Walden Corp now owns 668,744 shares of the company’s stock valued at $22,844,000 after buying an additional 78,613 shares during the last quarter. Olstein Capital Management L.P. raised its position in shares of Central Garden & Pet by 1.3% in the third quarter. Olstein Capital Management L.P. now owns 81,000 shares of the company’s stock valued at $2,767,000 after buying an additional 1,000 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Central Garden & Pet by 0.3% in the second quarter. Legal & General Group Plc now owns 119,814 shares of the company’s stock valued at $4,794,000 after buying an additional 363 shares during the last quarter. 69.21% of the stock is currently owned by institutional investors and hedge funds.

Central Garden & Pet Price Performance

Shares of CENTA opened at $38.00 on Friday. Central Garden & Pet has a 1-year low of $33.69 and a 1-year high of $44.72. The stock has a market cap of $2.06 billion, a PE ratio of 13.67 and a beta of 0.65. The firm has a 50-day simple moving average of $37.56 and a two-hundred day simple moving average of $38.19. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.34 and a quick ratio of 1.32.

Central Garden & Pet (NASDAQ:CENTAGet Rating) last announced its quarterly earnings results on Monday, November 21st. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.07). Central Garden & Pet had a net margin of 4.56% and a return on equity of 11.68%. The company had revenue of $707.44 million for the quarter, compared to analyst estimates of $724.45 million. As a group, analysts forecast that Central Garden & Pet will post 2.65 EPS for the current year.

Insider Buying and Selling at Central Garden & Pet

In other Central Garden & Pet news, insider John D. Walker III sold 3,400 shares of Central Garden & Pet stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $38.73, for a total transaction of $131,682.00. Following the completion of the sale, the insider now directly owns 88,272 shares in the company, valued at $3,418,774.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 20.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Central Garden & Pet from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Friday, January 13th. TheStreet cut shares of Central Garden & Pet from a “b” rating to a “c+” rating in a research report on Monday, November 21st. StockNews.com cut shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 19th. Finally, KeyCorp cut their price objective on shares of Central Garden & Pet from $52.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday, November 22nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $49.25.

Central Garden & Pet Profile

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Central Garden & Pet Company produces and distributes various products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments, Pet and Garden. The Pet segment provides dog and cat supplies, such as dog treats and chews, toys, pet beds and grooming products, waste management and training pads, and pet containment; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; animal and household health and insect control products; live fish and products for fish, reptiles, and other aquarium-based pets, such as aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food, and supplements; and products for equine and livestock, as well as outdoor cushions.

See Also

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Institutional Ownership by Quarter for Central Garden & Pet (NASDAQ:CENTA)

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