Central Garden & Pet (NASDAQ:CENTA) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in shares of Central Garden & Pet (NASDAQ:CENTA – Get Rating) by 0.8% in the 4th quarter, Holdings Channel reports. The fund owned 42,516 shares of the company’s stock after selling 330 shares during the period. Thrivent Financial for Lutherans’ holdings in Central Garden & Pet were worth $1,522,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Arizona State Retirement System grew its stake in shares of Central Garden & Pet by 2.2% during the fourth quarter. Arizona State Retirement System now owns 11,696 shares of the company’s stock valued at $419,000 after acquiring an additional 247 shares in the last quarter. Olstein Capital Management L.P. grew its stake in Central Garden & Pet by 1.2% in the fourth quarter. Olstein Capital Management L.P. now owns 82,000 shares of the company’s stock worth $2,936,000 after purchasing an additional 1,000 shares in the last quarter. CX Institutional acquired a new position in Central Garden & Pet in the fourth quarter worth about $1,231,000. ProShare Advisors LLC acquired a new position in Central Garden & Pet in the fourth quarter worth about $228,000. Finally, State of New Jersey Common Pension Fund D grew its stake in Central Garden & Pet by 5.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 61,282 shares of the company’s stock worth $2,194,000 after purchasing an additional 3,072 shares in the last quarter. 69.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CENTA. TheStreet upgraded Central Garden & Pet from a “c+” rating to a “b” rating in a research note on Thursday, May 4th. StockNews.com began coverage on Central Garden & Pet in a research note on Thursday. They issued a “hold” rating for the company. JPMorgan Chase & Co. decreased their price target on Central Garden & Pet from $41.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, April 19th. Truist Financial decreased their price target on Central Garden & Pet from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, April 19th. Finally, KeyCorp decreased their price target on Central Garden & Pet from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Wednesday, April 19th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $44.75.

Central Garden & Pet Stock Performance

CENTA opened at $35.38 on Friday. The business’s 50 day moving average is $36.96 and its 200-day moving average is $37.91. The stock has a market cap of $1.91 billion, a PE ratio of 16.93 and a beta of 0.69. The company has a current ratio of 3.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.88. Central Garden & Pet has a twelve month low of $33.69 and a twelve month high of $43.43.

Central Garden & Pet Company Profile

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Central Garden & Pet Co engages in the production and distribution of branded and private label products for the lawn, and garden and pet supplies markets. It operates through the following segments: Pets and Garden. The Pet segment includes dog and cat supplies such as dog treats and chews, toys, pet beds and grooming products, waste management and training pads, pet containment, 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.