Quantinno Capital Management LP Has $1.36 Million Stock Position in Central Garden & Pet Company $CENT

Quantinno Capital Management LP raised its holdings in Central Garden & Pet Company (NASDAQ:CENT) by 45.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,080 shares of the company’s stock after purchasing an additional 11,508 shares during the quarter. Quantinno Capital Management LP’s holdings in Central Garden & Pet were worth $1,363,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Jane Street Group LLC acquired a new position in shares of Central Garden & Pet during the 1st quarter worth $7,347,000. Citadel Advisors LLC boosted its stake in Central Garden & Pet by 120.9% in the third quarter. Citadel Advisors LLC now owns 156,596 shares of the company’s stock valued at $5,113,000 after buying an additional 85,706 shares in the last quarter. Millennium Management LLC grew its position in Central Garden & Pet by 39.2% in the first quarter. Millennium Management LLC now owns 259,144 shares of the company’s stock valued at $9,500,000 after acquiring an additional 72,977 shares during the last quarter. Renaissance Technologies LLC raised its stake in Central Garden & Pet by 59.5% during the first quarter. Renaissance Technologies LLC now owns 181,787 shares of the company’s stock worth $6,684,000 after acquiring an additional 67,800 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in Central Garden & Pet by 37.7% during the second quarter. Qube Research & Technologies Ltd now owns 149,156 shares of the company’s stock worth $5,247,000 after acquiring an additional 40,803 shares in the last quarter. Institutional investors own 16.13% of the company’s stock.

Central Garden & Pet Trading Down 0.3%

Shares of CENT stock opened at $44.44 on Friday. Central Garden & Pet Company has a 1-year low of $28.77 and a 1-year high of $46.97. The company has a current ratio of 3.79, a quick ratio of 2.67 and a debt-to-equity ratio of 0.68. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 16.58 and a beta of 0.61. The stock has a 50-day moving average of $43.43 and a 200-day moving average of $39.51.

Central Garden & Pet (NASDAQ:CENT) last announced its earnings results on Wednesday, August 5th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. Central Garden & Pet had a return on equity of 11.13% and a net margin of 5.39%.The business had revenue of $883.72 million for the quarter, compared to analysts’ expectations of $882.96 million. During the same period in the prior year, the business posted $1.56 earnings per share. The firm’s revenue was down 8.2% on a year-over-year basis. Central Garden & Pet has set its FY 2026 guidance at 2.850- EPS. On average, equities research analysts forecast that Central Garden & Pet Company will post 3 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CENT shares. Zacks Research downgraded shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Canaccord Genuity Group increased their price objective on shares of Central Garden & Pet from $51.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of Central Garden & Pet from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Central Garden & Pet presently has a consensus rating of “Buy” and an average target price of $54.00.

Insider Activity at Central Garden & Pet

In other news, insider John D. Walker III sold 5,000 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $38.50, for a total transaction of $192,500.00. Following the completion of the sale, the insider directly owned 64,679 shares in the company, valued at $2,490,141.50. This represents a 7.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 8.20% of the company’s stock.

About Central Garden & Pet

Central Garden & Pet (NASDAQ: CENT) is a leading North American specialty retailer, manufacturer and distributor serving the lawn and garden and pet supplies markets. The company operates through two primary segments: Pet and Garden. In the Pet segment, Central Garden & Pet offers a comprehensive range of products including pet food, treats, accessories, training products and habitat solutions for dogs, cats, birds, fish and small animals. The Garden segment encompasses a wide array of lawn, garden and outdoor living products, such as soils, fertilizers, planters, pest control solutions, landscape lighting and watering equipment.

Central Garden & Pet’s product portfolio includes both proprietary and branded offerings.