Dimensional Fund Advisors LP trimmed its position in shares of Central Garden & Pet Company (NASDAQ:CENT) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,016,145 shares of the company’s stock after selling 3,252 shares during the period. Dimensional Fund Advisors LP owned approximately 1.96% of Central Garden & Pet worth $32,303,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in Central Garden & Pet by 4.3% during the first quarter. Bank of America Corp DE now owns 244,542 shares of the company’s stock worth $9,065,000 after purchasing an additional 10,162 shares in the last quarter. Wellington Management Group LLP acquired a new position in Central Garden & Pet during the first quarter worth $257,000. Citadel Advisors LLC acquired a new position in Central Garden & Pet during the second quarter worth $407,000. Schwab Charles Investment Management Inc. lifted its stake in Central Garden & Pet by 6.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 39,294 shares of the company’s stock worth $1,457,000 after purchasing an additional 2,394 shares in the last quarter. Finally, Credit Suisse AG lifted its stake in Central Garden & Pet by 66.2% during the first quarter. Credit Suisse AG now owns 72,139 shares of the company’s stock worth $2,674,000 after purchasing an additional 28,725 shares in the last quarter. Institutional investors own 20.24% of the company’s stock.

Shares of Central Garden & Pet Company (NASDAQ CENT) opened at 38.18 on Wednesday. Central Garden & Pet Company has a 52 week low of $23.31 and a 52 week high of $40.48. The firm has a market capitalization of $1.98 billion, a PE ratio of 28.79 and a beta of 0.11. The stock has a 50 day moving average price of $37.84 and a 200 day moving average price of $34.67.

Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.11. Central Garden & Pet had a net margin of 3.49% and a return on equity of 13.66%. The company had revenue of $574.59 million during the quarter, compared to analysts’ expectations of $544.26 million. During the same period in the previous year, the company earned $0.48 EPS. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts forecast that Central Garden & Pet Company will post $1.51 earnings per share for the current fiscal year.

In related news, Director Brooks Pennington III sold 2,226 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $33.58, for a total transaction of $74,749.08. Following the completion of the sale, the director now directly owns 48,365 shares of the company’s stock, valued at approximately $1,624,096.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alfred A. Piergallini sold 6,390 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $32.20, for a total transaction of $205,758.00. Following the sale, the director now directly owns 60,430 shares of the company’s stock, valued at $1,945,846. The disclosure for this sale can be found here. Insiders have sold a total of 76,890 shares of company stock valued at $2,612,545 over the last three months. Corporate insiders own 11.60% of the company’s stock.

A number of research analysts have commented on CENT shares. BidaskClub upgraded Central Garden & Pet from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Zacks Investment Research cut Central Garden & Pet from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. CL King started coverage on Central Garden & Pet in a research note on Friday, July 7th. They set a “buy” rating and a $38.00 price target on the stock. Sidoti cut Central Garden & Pet from a “buy” rating to a “neutral” rating in a research note on Monday, October 16th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Central Garden & Pet in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $39.00.

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Central Garden & Pet Profile

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.

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

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