Central Garden & Pet Co (CENT) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lessened its stake in shares of Central Garden & Pet Co (NASDAQ:CENT) by 28.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,700 shares of the company’s stock after selling 20,337 shares during the period. Dana Investment Advisors Inc. owned 0.10% of Central Garden & Pet worth $1,781,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp grew its position in shares of Central Garden & Pet by 3.9% in the second quarter. Northern Trust Corp now owns 128,222 shares of the company’s stock valued at $5,575,000 after purchasing an additional 4,838 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Central Garden & Pet by 23.4% in the third quarter. Russell Investments Group Ltd. now owns 140,452 shares of the company’s stock valued at $5,063,000 after purchasing an additional 26,676 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Central Garden & Pet by 19.7% in the third quarter. Wells Fargo & Company MN now owns 1,100,725 shares of the company’s stock valued at $39,671,000 after purchasing an additional 180,781 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Central Garden & Pet by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 137,132 shares of the company’s stock valued at $4,943,000 after purchasing an additional 4,260 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of Central Garden & Pet by 1.6% in the third quarter. BlackRock Inc. now owns 1,598,764 shares of the company’s stock valued at $57,619,000 after purchasing an additional 25,919 shares in the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

In related news, Director Brooks Pennington III sold 1,944 shares of the business’s stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $34.70, for a total transaction of $67,456.80. Following the completion of the transaction, the director now directly owns 41,305 shares in the company, valued at $1,433,283.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. 10.35% of the stock is owned by insiders.

Central Garden & Pet stock opened at $29.25 on Friday. Central Garden & Pet Co has a 52 week low of $28.91 and a 52 week high of $45.02. 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 stock has a market cap of $1.69 billion, a P/E ratio of 15.31 and a beta of -0.03.

Central Garden & Pet (NASDAQ:CENT) last posted its earnings results on Wednesday, February 6th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.06). Central Garden & Pet had a return on equity of 11.19% and a net margin of 4.44%. The business had revenue of $462.00 million for the quarter, compared to analysts’ expectations of $487.52 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. Central Garden & Pet’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, equities research analysts predict that Central Garden & Pet Co will post 1.8 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on CENT shares. BidaskClub upgraded Central Garden & Pet from a “hold” rating to a “buy” rating in a research report on Saturday, January 19th. Argus reduced their price target on Central Garden & Pet from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, March 5th. TheStreet cut Central Garden & Pet from a “b” rating to a “c+” rating in a research report on Wednesday, February 27th. Finally, ValuEngine upgraded Central Garden & Pet from a “hold” rating to a “buy” rating in a research report on Tuesday, January 22nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Central Garden & Pet has an average rating of “Hold” and an average price target of $43.00.

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About Central Garden & Pet

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.

Further Reading: Cash Flow

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

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