California State Teachers Retirement System cut its holdings in shares of Central Garden & Pet Company (NASDAQ:CENT) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,728 shares of the company’s stock after selling 1,200 shares during the quarter. California State Teachers Retirement System’s holdings in Central Garden & Pet were worth $595,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BNP Paribas Arbitrage SA increased its holdings in Central Garden & Pet by 20.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,136 shares of the company’s stock worth $100,000 after purchasing an additional 537 shares during the last quarter. Sei Investments Co. increased its holdings in Central Garden & Pet by 8.9% during the 2nd quarter. Sei Investments Co. now owns 4,633 shares of the company’s stock worth $148,000 after purchasing an additional 380 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in Central Garden & Pet during the 1st quarter worth approximately $222,000. Texas Permanent School Fund increased its holdings in Central Garden & Pet by 1.5% during the 2nd quarter. Texas Permanent School Fund now owns 7,458 shares of the company’s stock worth $237,000 after purchasing an additional 108 shares during the last quarter. Finally, CAPROCK Group Inc. purchased a new stake in Central Garden & Pet during the 2nd quarter worth approximately $243,000. Institutional investors own 20.05% of the company’s stock.

A number of equities research analysts have recently weighed in on CENT shares. Zacks Investment Research downgraded Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub downgraded Central Garden & Pet from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. KeyCorp reiterated a “hold” rating on shares of Central Garden & Pet in a report on Wednesday, September 6th. Sidoti downgraded Central Garden & Pet from a “buy” rating to a “neutral” rating in a report on Monday, October 16th. Finally, Oppenheimer reiterated a “hold” rating on shares of Central Garden & Pet in a report on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $39.00.

Shares of Central Garden & Pet Company (NASDAQ:CENT) opened at $42.02 on Tuesday. Central Garden & Pet Company has a twelve month low of $29.08 and a twelve month high of $42.28. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.10 and a quick ratio of 1.37. The firm has a market capitalization of $2,050.77, a P/E ratio of 26.58, a PEG ratio of 2.39 and a beta of 0.03.

Central Garden & Pet (NASDAQ:CENT) last issued its quarterly earnings results on Tuesday, November 28th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). Central Garden & Pet had a net margin of 3.84% and a return on equity of 12.81%. The firm had revenue of $490.46 million during the quarter, compared to the consensus estimate of $439.07 million. During the same quarter last year, the firm posted $0.13 earnings per share. Central Garden & Pet’s revenue was up 18.6% compared to the same quarter last year. sell-side analysts predict that Central Garden & Pet Company will post 1.66 earnings per share for the current fiscal year.

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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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