Mesirow Financial Investment Management Equity Management lessened its stake in Central Garden & Pet Co (NASDAQ:CENTA) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 316,737 shares of the company’s stock after selling 4,040 shares during the period. Central Garden & Pet accounts for approximately 1.3% of Mesirow Financial Investment Management Equity Management’s investment portfolio, making the stock its 29th largest holding. Mesirow Financial Investment Management Equity Management’s holdings in Central Garden & Pet were worth $9,898,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of Central Garden & Pet during the fourth quarter worth about $47,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Central Garden & Pet by 114.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,781 shares of the company’s stock worth $125,000 after purchasing an additional 2,015 shares during the period. Virtu Financial LLC acquired a new stake in shares of Central Garden & Pet during the third quarter worth about $219,000. Trexquant Investment LP acquired a new stake in shares of Central Garden & Pet during the third quarter worth about $231,000. Finally, Raymond James & Associates acquired a new stake in shares of Central Garden & Pet during the second quarter worth about $284,000. Institutional investors own 74.19% of the company’s stock.

Shares of CENTA stock opened at $28.58 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.10 and a quick ratio of 3.12. The company has a market cap of $1.46 billion, a P/E ratio of 14.96, a P/E/G ratio of 2.70 and a beta of 0.33. Central Garden & Pet Co has a twelve month low of $26.45 and a twelve month high of $41.97.

Central Garden & Pet (NASDAQ:CENTA) last announced its quarterly earnings results on Wednesday, February 6th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). The company had revenue of $461.99 million for the quarter, compared to analysts’ expectations of $501.24 million. Central Garden & Pet had a net margin of 4.44% and a return on equity of 11.19%. As a group, equities analysts predict that Central Garden & Pet Co will post 1.8 earnings per share for the current year.

A number of equities research analysts recently commented on the company. ValuEngine downgraded Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research downgraded Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Friday. Finally, BMO Capital Markets reduced their price target on Central Garden & Pet to $42.00 and set an “outperform” rating for the company in a research report on Wednesday, November 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $41.25.

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Central Garden & Pet Company 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, including edible bones, edible and non-edible chews, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as food, cages and habitats, toys, chews, and related accessories.

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

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