Arizona State Retirement System lessened its holdings in Central Garden & Pet Co (NASDAQ:CENT) by 7.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,055 shares of the company’s stock after selling 1,217 shares during the quarter. Arizona State Retirement System’s holdings in Central Garden & Pet were worth $655,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Piedmont Investment Advisors LLC purchased a new stake in Central Garden & Pet in the 2nd quarter valued at approximately $105,000. SG Americas Securities LLC purchased a new stake in Central Garden & Pet in the 2nd quarter valued at approximately $115,000. Louisiana State Employees Retirement System purchased a new stake in Central Garden & Pet in the 2nd quarter valued at approximately $200,000. Stifel Financial Corp purchased a new stake in Central Garden & Pet in the 1st quarter valued at approximately $213,000. Finally, Victory Capital Management Inc. purchased a new stake in Central Garden & Pet in the 1st quarter valued at approximately $255,000. 23.49% of the stock is currently owned by institutional investors.

CENT stock opened at $39.60 on Friday. Central Garden & Pet Co has a 12-month low of $34.81 and a 12-month high of $45.02. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.42 and a quick ratio of 2.57. The company has a market cap of $2.09 billion, a PE ratio of 26.37 and a beta of -0.15.

Central Garden & Pet (NASDAQ:CENT) last posted its quarterly earnings results on Wednesday, August 1st. The company reported $0.79 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.01). Central Garden & Pet had a net margin of 5.32% and a return on equity of 14.69%. The company had revenue of $657.90 million for the quarter, compared to analyst estimates of $607.34 million. During the same quarter in the previous year, the business posted $0.62 earnings per share. Central Garden & Pet’s revenue was up 14.5% on a year-over-year basis. analysts forecast that Central Garden & Pet Co will post 1.9 earnings per share for the current year.

CENT has been the topic of a number of analyst reports. Zacks Investment Research lowered Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. BidaskClub raised Central Garden & Pet from a “sell” rating to a “hold” rating in a report on Wednesday, June 20th. Bank of America initiated coverage on Central Garden & Pet in a report on Monday, September 10th. They issued a “buy” rating and a $44.00 price objective on the stock. ValuEngine lowered Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Finally, BMO Capital Markets started coverage on Central Garden & Pet in a report on Monday, August 13th. They issued a “buy” rating and a $45.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $45.83.

Central Garden & Pet Company Profile

Central Garden & Pet Company, together with its subsidiaries, produces and distributes 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 supplies products for dogs and cats comprising edible bones, edible and non-edible chews, rawhide, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and food, cages and habitats, toys, chews, and related accessories for birds, small animals, and specialty pets.

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

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