JPMorgan Chase & Co. Has $2 Million Stake in Central Garden & Pet Co (CENT)

JPMorgan Chase & Co. decreased its stake in Central Garden & Pet Co (NASDAQ:CENT) by 14.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,915 shares of the company’s stock after selling 8,863 shares during the period. JPMorgan Chase & Co. owned 0.10% of Central Garden & Pet worth $1,998,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its stake in shares of Central Garden & Pet by 20.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,136 shares of the company’s stock valued at $100,000 after buying an additional 537 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of Central Garden & Pet by 58.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,830 shares of the company’s stock valued at $149,000 after buying an additional 1,420 shares during the period. Sei Investments Co. increased its stake in shares of Central Garden & Pet by 8.9% in the second quarter. Sei Investments Co. now owns 4,633 shares of the company’s stock valued at $148,000 after buying an additional 380 shares during the period. State Board of Administration of Florida Retirement System acquired a new stake in shares of Central Garden & Pet in the third quarter valued at about $224,000. Finally, Alliancebernstein L.P. increased its stake in shares of Central Garden & Pet by 21.7% in the second quarter. Alliancebernstein L.P. now owns 7,300 shares of the company’s stock valued at $232,000 after buying an additional 1,300 shares during the period. 20.02% of the stock is owned by institutional investors.

Several equities research analysts have recently weighed in on CENT shares. Zacks Investment Research cut Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Sidoti lowered Central Garden & Pet from a “buy” rating to a “neutral” rating in a research report on Monday, October 16th. KeyCorp restated a “hold” rating on shares of Central Garden & Pet in a research report on Monday, October 16th. Oppenheimer restated a “hold” rating on shares of Central Garden & Pet in a research report on Wednesday, November 29th. Finally, CL King started coverage on Central Garden & Pet in a research report on Thursday, December 7th. They set a “buy” rating and a $47.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $45.00.

In other Central Garden & Pet news, CFO Nicholas Lahanas sold 7,119 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $38.78, for a total value of $276,074.82. Following the transaction, the chief financial officer now owns 27,959 shares in the company, valued at $1,084,250.02. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John Ranelli sold 16,189 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $38.17, for a total value of $617,934.13. Following the completion of the transaction, the director now owns 61,317 shares in the company, valued at approximately $2,340,469.89. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,299 shares of company stock worth $3,028,258. Corporate insiders own 12.60% of the company’s stock.

Shares of Central Garden & Pet Co (NASDAQ CENT) traded down $0.30 during trading on Wednesday, hitting $39.19. The company had a trading volume of 172,709 shares, compared to its average volume of 107,848. Central Garden & Pet Co has a 52 week low of $29.08 and a 52 week high of $42.29. The company has a current ratio of 3.10, a quick ratio of 1.37 and a debt-to-equity ratio of 0.62. The company has a market cap of $2,088.92, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 2.27 and a beta of 0.03.

Central Garden & Pet (NASDAQ:CENT) last announced its earnings results on Tuesday, November 28th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $490.46 million for the quarter, compared to the consensus estimate of $439.07 million. Central Garden & Pet had a net margin of 3.84% and a return on equity of 12.81%. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 EPS. analysts predict that Central Garden & Pet Co will post 1.77 earnings per share for the current fiscal year.

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Central Garden & Pet Company 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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