California State Teachers Retirement System lowered its holdings in Central Garden & Pet Co (NASDAQ:CENT) by 8.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 17,088 shares of the company’s stock after selling 1,640 shares during the quarter. California State Teachers Retirement System’s holdings in Central Garden & Pet were worth $664,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Citadel Advisors LLC purchased a new position in Central Garden & Pet during the 2nd quarter worth $407,000. Schwab Charles Investment Management Inc. boosted its holdings in Central Garden & Pet by 14.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 44,976 shares of the company’s stock worth $1,430,000 after acquiring an additional 5,682 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Central Garden & Pet by 27.6% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,500 shares of the company’s stock worth $486,000 after acquiring an additional 2,700 shares during the last quarter. Citigroup Inc. boosted its holdings in Central Garden & Pet by 143.9% during the 2nd quarter. Citigroup Inc. now owns 32,036 shares of the company’s stock worth $1,019,000 after acquiring an additional 18,903 shares during the last quarter. Finally, 361 Capital LLC purchased a new position in Central Garden & Pet during the 3rd quarter worth $2,199,000. 20.02% of the stock is owned by institutional investors and hedge funds.

Central Garden & Pet Co (CENT) opened at $38.04 on Friday. The company has a quick ratio of 1.37, a current ratio of 3.10 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1,930.00, a PE ratio of 25.03, a P/E/G ratio of 2.21 and a beta of 0.07. Central Garden & Pet Co has a fifty-two week low of $29.08 and a fifty-two week high of $42.29.

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). The company had revenue of $490.46 million during the quarter, compared to analysts’ expectations of $439.07 million. Central Garden & Pet had a return on equity of 12.81% and a net margin of 3.84%. Central Garden & Pet’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period last year, the firm posted $0.13 earnings per share. analysts predict that Central Garden & Pet Co will post 1.77 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on CENT shares. KeyCorp raised shares of Central Garden & Pet from a “sector weight” rating to an “overweight” rating and set a $44.00 price objective on the stock in a report on Monday, January 22nd. Zacks Investment Research raised shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. BidaskClub downgraded shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. CL King started coverage on shares of Central Garden & Pet in a report on Thursday, December 7th. They set a “buy” rating and a $47.00 price objective on the stock. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Central Garden & Pet in a report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $45.00.

In related news, Director John Ranelli sold 16,189 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $38.17, for a total value of $617,934.13. Following the transaction, the director now directly owns 61,317 shares of the company’s stock, valued at approximately $2,340,469.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brooks Pennington III sold 10,000 shares of the business’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $35.47, for a total transaction of $354,700.00. Following the completion of the transaction, the director now directly owns 35,928 shares in the company, valued at $1,274,366.16. The disclosure for this sale can be found here. Insiders sold a total of 80,299 shares of company stock worth $3,028,258 over the last three months. 11.60% of the stock is owned by insiders.

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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.

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

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