Prudential Financial Inc. Sells 7,353 Shares of Central Garden & Pet Co (CENTA)

Prudential Financial Inc. decreased its holdings in shares of Central Garden & Pet Co (NASDAQ:CENTA) by 7.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 87,295 shares of the company’s stock after selling 7,353 shares during the period. Prudential Financial Inc. owned about 0.17% of Central Garden & Pet worth $2,728,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. State of Alaska Department of Revenue grew its position in shares of Central Garden & Pet by 4.1% during the fourth quarter. State of Alaska Department of Revenue now owns 13,704 shares of the company’s stock worth $428,000 after acquiring an additional 536 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Central Garden & Pet by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 15,305 shares of the company’s stock worth $478,000 after acquiring an additional 598 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Central Garden & Pet during the fourth quarter worth about $47,000. Congress Asset Management Co. MA grew its position in shares of Central Garden & Pet by 3.1% during the fourth quarter. Congress Asset Management Co. MA now owns 53,779 shares of the company’s stock worth $1,681,000 after acquiring an additional 1,630 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position 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 acquiring an additional 2,015 shares during the last quarter. Hedge funds and other institutional investors own 68.04% of the company’s stock.

Several research firms have recently commented on CENTA. Zacks Investment Research upgraded shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. ValuEngine lowered shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. TheStreet lowered shares of Central Garden & Pet from a “b” rating to a “c+” rating in a research report on Friday, February 22nd. Finally, BMO Capital Markets decreased their target price on shares of Central Garden & Pet to $42.00 and set an “outperform” rating for the company in a research report on Wednesday, November 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $41.25.

Shares of CENTA opened at $26.29 on Friday. The stock has a market capitalization of $1.52 billion, a P/E ratio of 13.76, a P/E/G ratio of 2.56 and a beta of 0.15. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.10 and a quick ratio of 3.12. Central Garden & Pet Co has a 52-week low of $25.98 and a 52-week high of $41.97.

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

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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.

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

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