Sei Investments Co. trimmed its position in Central Garden & Pet Co (NASDAQ:CENT) by 17.4% during the second quarter, HoldingsChannel.com reports. The firm owned 11,162 shares of the company’s stock after selling 2,347 shares during the quarter. Sei Investments Co.’s holdings in Central Garden & Pet were worth $485,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of CENT. Piedmont Investment Advisors LLC bought a new position in Central Garden & Pet in the 2nd quarter valued at about $105,000. Louisiana State Employees Retirement System acquired a new position in shares of Central Garden & Pet during the 2nd quarter worth approximately $200,000. Stifel Financial Corp acquired a new position in shares of Central Garden & Pet during the 1st quarter worth approximately $213,000. Victory Capital Management Inc. acquired a new position in shares of Central Garden & Pet during the 1st quarter worth approximately $255,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in shares of Central Garden & Pet by 407.3% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,685 shares of the company’s stock worth $323,000 after purchasing an additional 6,170 shares in the last quarter. 23.49% of the stock is currently owned by institutional investors.

CENT has been the topic of a number of analyst reports. ValuEngine upgraded shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a research report on Monday, June 11th. BidaskClub upgraded shares of Central Garden & Pet from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 12th. Zacks Investment Research lowered shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Finally, BMO Capital Markets started coverage on shares of Central Garden & Pet in a research report on Monday, August 13th. They set a “buy” rating and a $45.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $45.83.

NASDAQ CENT opened at $39.60 on Friday. The company has a current ratio of 4.42, a quick ratio of 2.57 and a debt-to-equity ratio of 0.93. The company has a market cap of $2.09 billion, a P/E ratio of 20.85 and a beta of -0.15. Central Garden & Pet Co has a 1 year low of $34.81 and a 1 year high of $45.02.

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 Thomson Reuters’ consensus estimate of $0.80 by ($0.01). The firm had revenue of $657.90 million for the quarter, compared to analyst estimates of $607.34 million. Central Garden & Pet had a return on equity of 14.69% and a net margin of 5.32%. The business’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.62 EPS. equities analysts expect that Central Garden & Pet Co will post 1.9 EPS for the current year.

Central Garden & Pet 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.

See Also: Price to Earnings Ratio (PE) Basics

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

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