Dimensional Fund Advisors LP Reduces Position in Central Garden & Pet Co (CENT)

Dimensional Fund Advisors LP lessened its stake in shares of Central Garden & Pet Co (NASDAQ:CENT) by 3.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 981,533 shares of the company’s stock after selling 34,612 shares during the quarter. Dimensional Fund Advisors LP owned about 1.90% of Central Garden & Pet worth $38,123,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in Central Garden & Pet by 20.7% in 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 in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Central Garden & Pet by 58.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 3,830 shares of the company’s stock worth $149,000 after purchasing an additional 1,420 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new position in shares of Central Garden & Pet in the 3rd quarter valued at approximately $224,000. Alliancebernstein L.P. raised its position in shares of Central Garden & Pet by 21.7% in the 2nd 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 in the last quarter. Finally, Intrust Bank NA acquired a new position in shares of Central Garden & Pet in the 3rd quarter valued at approximately $289,000. Institutional investors own 20.02% of the company’s stock.

Central Garden & Pet Co (NASDAQ CENT) traded down $0.74 on Friday, reaching $38.04. 70,589 shares of the company’s stock were exchanged, compared to its average volume of 93,308. Central Garden & Pet Co has a 52-week low of $29.08 and a 52-week high of $42.29. 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 company has a market cap of $2,010.63, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 2.19 and a beta of 0.06.

Central Garden & Pet (NASDAQ:CENT) last posted its 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 return on equity of 12.81% and a net margin of 3.84%. The business had revenue of $490.46 million for the quarter, compared to the consensus estimate of $439.07 million. During the same period in the previous year, the firm earned $0.13 earnings per share. The company’s revenue was up 18.6% compared to the same quarter last year. research analysts expect that Central Garden & Pet Co will post 1.77 EPS for the current fiscal year.

In other news, CFO Nicholas Lahanas sold 7,119 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were 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 approximately $1,084,250.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Ranelli sold 16,189 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $38.17, for a total transaction 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. Insiders sold a total of 80,299 shares of company stock worth $3,028,258 in the last 90 days. Corporate insiders own 11.60% of the company’s stock.

Several equities analysts have recently commented on CENT shares. Sidoti cut shares of 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. Zacks Investment Research upgraded shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Oppenheimer reaffirmed a “hold” rating on shares of Central Garden & Pet in a report on Wednesday, November 29th. Finally, 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 target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Central Garden & Pet currently has an average rating of “Hold” and an average target price of $45.00.

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About Central Garden & Pet

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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