North Star Investment Management Corp. lifted its stake in Central Garden & Pet Co (NASDAQ:CENT) by 14.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 72,050 shares of the company’s stock after purchasing an additional 9,200 shares during the quarter. North Star Investment Management Corp.’s holdings in Central Garden & Pet were worth $1,842,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Atlanta Capital Management Co. L L C acquired a new stake in Central Garden & Pet during the fourth quarter worth $16,141,000. BlackRock Inc. increased its stake in Central Garden & Pet by 1.6% during the third quarter. BlackRock Inc. now owns 1,598,764 shares of the company’s stock worth $57,619,000 after acquiring an additional 25,919 shares during the last quarter. Citadel Advisors LLC increased its stake in Central Garden & Pet by 106.1% during the third quarter. Citadel Advisors LLC now owns 42,748 shares of the company’s stock worth $1,541,000 after acquiring an additional 22,009 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Central Garden & Pet by 1,595.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 61,070 shares of the company’s stock worth $2,103,000 after acquiring an additional 57,467 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its stake in Central Garden & Pet by 43.2% during the fourth quarter. Eqis Capital Management Inc. now owns 48,517 shares of the company’s stock worth $1,671,000 after acquiring an additional 14,629 shares during the last quarter. 21.96% of the stock is owned by hedge funds and other institutional investors.
CENT has been the subject of several recent analyst reports. BidaskClub cut Central Garden & Pet from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 16th. ValuEngine lowered Central Garden & Pet from a “sell” rating to a “strong sell” rating in a research report on Friday, March 29th. Argus lowered 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. Finally, TheStreet lowered Central Garden & Pet from a “b” rating to a “c+” rating in a research report on Wednesday, February 27th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $41.00.
CENT opened at $26.20 on Thursday. Central Garden & Pet Co has a 52 week low of $25.07 and a 52 week high of $45.02. The firm has a market cap of $1.49 billion, a PE ratio of 13.72 and a beta of -0.06. The company has a quick ratio of 3.12, a current ratio of 5.10 and a debt-to-equity ratio of 0.72.
Central Garden & Pet (NASDAQ:CENT) last released its quarterly earnings results on Wednesday, February 6th. The company reported $0.03 EPS for the quarter, missing the 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 firm had revenue of $462.00 million for the quarter, compared to analysts’ expectations of $487.52 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts predict that Central Garden & Pet Co will post 1.8 earnings per share for the current fiscal year.
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Central Garden & Pet 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, 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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