Central Garden & Pet Co (CENT) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in Central Garden & Pet Co (NASDAQ:CENT) by 30.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,743 shares of the company’s stock after selling 22,154 shares during the period. JPMorgan Chase & Co. owned about 0.10% of Central Garden & Pet worth $2,138,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in CENT. Renaissance Technologies LLC lifted its position in shares of Central Garden & Pet by 1.5% in the fourth quarter. Renaissance Technologies LLC now owns 670,476 shares of the company’s stock worth $26,095,000 after buying an additional 10,000 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Central Garden & Pet by 47.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 58,988 shares of the company’s stock worth $2,296,000 after buying an additional 19,048 shares in the last quarter. Millennium Management LLC lifted its position in shares of Central Garden & Pet by 780.2% in the fourth quarter. Millennium Management LLC now owns 207,168 shares of the company’s stock worth $8,063,000 after buying an additional 183,631 shares in the last quarter. Swiss National Bank lifted its position in shares of Central Garden & Pet by 19.7% in the fourth quarter. Swiss National Bank now owns 20,050 shares of the company’s stock worth $780,000 after buying an additional 3,300 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of 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 buying an additional 39,159 shares in the last quarter. Institutional investors and hedge funds own 21.93% of the company’s stock.

Shares of Central Garden & Pet opened at $43.54 on Thursday, according to MarketBeat. The company has a current ratio of 3.87, a quick ratio of 2.12 and a debt-to-equity ratio of 0.98. Central Garden & Pet Co has a 1-year low of $30.65 and a 1-year high of $45.02. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 24.97 and a beta of 0.09.

Central Garden & Pet (NASDAQ:CENT) last issued its quarterly earnings data on Monday, May 7th. The company reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.04. Central Garden & Pet had a return on equity of 13.92% and a net margin of 5.09%. The company had revenue of $613.10 million for the quarter, compared to analysts’ expectations of $591.76 million. During the same period in the previous year, the firm posted $0.67 earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. analysts predict that Central Garden & Pet Co will post 1.93 EPS for the current fiscal year.

In other Central Garden & Pet news, Director Brooks Pennington III sold 5,181 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $37.64, for a total transaction of $195,012.84. Following the sale, the director now directly owns 46,754 shares of the company’s stock, valued at $1,759,820.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas J. Colligan sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $36.62, for a total value of $73,240.00. Following the sale, the director now directly owns 2,443 shares in the company, valued at $89,462.66. The disclosure for this sale can be found here. Insiders have sold 48,479 shares of company stock worth $1,850,839 over the last three months. 11.60% of the stock is currently owned by insiders.

A number of research firms recently commented on CENT. Zacks Investment Research downgraded Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub upgraded Central Garden & Pet from a “hold” rating to a “buy” rating in a research report on Wednesday, July 4th. ValuEngine upgraded Central Garden & Pet from a “hold” rating to a “buy” rating in a research report on Friday, June 29th. Finally, SunTrust Banks boosted their target price on Central Garden & Pet to $50.00 and gave the stock a “buy” rating in a research report on Monday, April 9th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Central Garden & Pet presently has a consensus rating of “Buy” and a consensus price target of $46.50.

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 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.

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

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