SG Americas Securities LLC Purchases Shares of 4,192 Central Garden & Pet Co (NASDAQ:CENT)

SG Americas Securities LLC purchased a new position in Central Garden & Pet Co (NASDAQ:CENT) during the first quarter, Holdings Channel reports. The fund purchased 4,192 shares of the company’s stock, valued at approximately $107,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in Central Garden & Pet by 611.5% in the first quarter. BNP Paribas Arbitrage SA now owns 2,405 shares of the company’s stock valued at $61,000 after buying an additional 2,067 shares during the last quarter. North Star Investment Management Corp. raised its stake in Central Garden & Pet by 14.6% in the first quarter. North Star Investment Management Corp. now owns 72,050 shares of the company’s stock valued at $1,842,000 after buying an additional 9,200 shares during the last quarter. 6 Meridian raised its stake in Central Garden & Pet by 47.0% in the first quarter. 6 Meridian now owns 18,077 shares of the company’s stock valued at $462,000 after buying an additional 5,776 shares during the last quarter. Huntington National Bank raised its stake in Central Garden & Pet by 33.6% in the first quarter. Huntington National Bank now owns 1,543 shares of the company’s stock valued at $39,000 after buying an additional 388 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Central Garden & Pet by 33.6% in the fourth quarter. Geode Capital Management LLC now owns 47,314 shares of the company’s stock valued at $1,629,000 after buying an additional 11,905 shares during the last quarter. 22.69% of the stock is currently owned by institutional investors.

A number of equities research analysts have commented on CENT shares. BidaskClub cut Central Garden & Pet from a “hold” rating to a “sell” rating in a research note on Thursday, February 14th. TheStreet cut Central Garden & Pet from a “b” rating to a “c+” rating in a research note on Wednesday, February 27th. Argus decreased their price target on Central Garden & Pet from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, March 5th. Finally, ValuEngine cut Central Garden & Pet from a “sell” rating to a “strong sell” rating in a research note on Friday, March 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $40.50.

In related news, Director Mary Beth Springer sold 2,325 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $27.24, for a total transaction of $63,333.00. Following the sale, the director now directly owns 1,260 shares of the company’s stock, valued at $34,322.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO George C. Roeth sold 3,595 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $26.53, for a total value of $95,375.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,318 shares of company stock valued at $245,086. Company insiders own 10.35% of the company’s stock.

Shares of NASDAQ:CENT traded up $0.18 during trading on Wednesday, hitting $27.68. The stock had a trading volume of 2,747 shares, compared to its average volume of 151,847. Central Garden & Pet Co has a 12-month low of $25.07 and a 12-month high of $45.02. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 14.49 and a beta of -0.05. The company has a quick ratio of 2.79, a current ratio of 4.52 and a debt-to-equity ratio of 0.69.

Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.03. Central Garden & Pet had a return on equity of 9.92% and a net margin of 4.19%. The firm had revenue of $673.70 million during the quarter, compared to analysts’ expectations of $647.00 million. During the same period last year, the business posted $0.86 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, equities analysts anticipate that Central Garden & Pet Co will post 1.85 EPS for the current fiscal year.

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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, 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.

See Also: Risk Tolerance

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

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