Municipal Employees Retirement System of Michigan lowered its position in Central Garden & Pet Co (NASDAQ:CENT) by 29.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,910 shares of the company’s stock after selling 1,220 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Central Garden & Pet were worth $127,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CENT. GW&K Investment Management LLC boosted its holdings in Central Garden & Pet by 7,060.6% in the first quarter. GW&K Investment Management LLC now owns 448,254 shares of the company’s stock worth $19,275,000 after acquiring an additional 441,994 shares in the last quarter. WINTON GROUP Ltd bought a new position in Central Garden & Pet in the first quarter worth approximately $6,921,000. Capital One National Association boosted its holdings in Central Garden & Pet by 63.3% in the second quarter. Capital One National Association now owns 187,605 shares of the company’s stock worth $8,157,000 after acquiring an additional 72,702 shares in the last quarter. BlackRock Inc. boosted its holdings in Central Garden & Pet by 2.7% in the first quarter. BlackRock Inc. now owns 1,490,348 shares of the company’s stock worth $64,084,000 after acquiring an additional 39,159 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Central Garden & Pet by 3.9% in the first quarter. Wells Fargo & Company MN now owns 844,769 shares of the company’s stock worth $36,326,000 after acquiring an additional 31,595 shares in the last quarter. Institutional investors and hedge funds own 22.20% of the company’s stock.

Several research analysts have issued reports on CENT shares. BidaskClub upgraded Central Garden & Pet from a “sell” rating to a “hold” rating in a report on Wednesday, June 20th. ValuEngine lowered Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Zacks Investment Research lowered Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Finally, BMO Capital Markets started coverage on Central Garden & Pet in a research note on Monday, August 13th. They issued a “buy” rating and a $45.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Central Garden & Pet has an average rating of “Hold” and a consensus price target of $46.20.

In other news, Director John Ranelli sold 5,000 shares of the stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $40.88, for a total value of $204,400.00. Following the completion of the sale, the director now directly owns 7,258 shares of the company’s stock, valued at $296,707.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 12.60% of the company’s stock.

Shares of Central Garden & Pet stock opened at $39.51 on Friday. The company has a market capitalization of $2.09 billion, a PE ratio of 26.34 and a beta of 0.05. Central Garden & Pet Co has a 52 week low of $33.20 and a 52 week high of $45.02. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.42 and a quick ratio of 2.57.

Central Garden & Pet (NASDAQ:CENT) last issued its quarterly earnings data on Wednesday, August 1st. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.01). The company had revenue of $657.90 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the company earned $0.62 earnings per share. equities research analysts predict that Central Garden & Pet Co will post 1.93 earnings per share for the current fiscal 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.

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

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