Brighton Jones LLC cut its stake in shares of Central Garden & Pet Company (NASDAQ:CENTA) by 9.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 13,337 shares of the company’s stock after selling 1,460 shares during the period. Brighton Jones LLC’s holdings in Central Garden & Pet were worth $400,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CENTA. Convergence Investment Partners LLC acquired a new position in shares of Central Garden & Pet during the second quarter valued at about $415,000. ClariVest Asset Management LLC raised its position in shares of Central Garden & Pet by 15.4% in the second quarter. ClariVest Asset Management LLC now owns 286,850 shares of the company’s stock valued at $8,611,000 after buying an additional 38,297 shares during the period. Rhumbline Advisers raised its position in shares of Central Garden & Pet by 2.0% in the second quarter. Rhumbline Advisers now owns 71,921 shares of the company’s stock valued at $2,159,000 after buying an additional 1,428 shares during the period. Arizona State Retirement System raised its position in shares of Central Garden & Pet by 0.6% in the second quarter. Arizona State Retirement System now owns 17,693 shares of the company’s stock valued at $531,000 after buying an additional 100 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Central Garden & Pet by 10.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 249,697 shares of the company’s stock valued at $7,496,000 after buying an additional 23,982 shares during the period. Institutional investors and hedge funds own 62.98% of the company’s stock.

Central Garden & Pet Company (NASDAQ:CENTA) opened at 33.97 on Tuesday. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 25.62 and a beta of 0.34. Central Garden & Pet Company has a 52 week low of $21.70 and a 52 week high of $38.17. The firm has a 50-day moving average price of $32.26 and a 200 day moving average price of $32.33.

Central Garden & Pet (NASDAQ:CENTA) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.11. Central Garden & Pet had a return on equity of 13.66% and a net margin of 3.49%. The company had revenue of $574.59 million for the quarter. On average, equities research analysts forecast that Central Garden & Pet Company will post $1.47 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Brighton Jones LLC Has $400,000 Position in Central Garden & Pet Company (CENTA)” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://www.watchlistnews.com/brighton-jones-llc-has-400000-position-in-central-garden-pet-company-centa/1529664.html.

Several brokerages have issued reports on CENTA. CL King began coverage on Central Garden & Pet in a research note on Friday, July 7th. They issued a “buy” rating and a $38.00 price target on the stock. Sidoti raised Central Garden & Pet from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th.

About Central Garden & Pet

Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Pet segment and the Garden segment. It is a marketer and producer of pet supplies in the United States.

Want to see what other hedge funds are holding CENTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Central Garden & Pet Company (NASDAQ:CENTA).

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

Receive News & Ratings for Central Garden & Pet Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Garden & Pet Company and related companies with Analyst Ratings Network's FREE daily email newsletter.