4,400 Shares in Central Garden & Pet (NASDAQ:CENTA) Bought by CAPROCK Group Inc.

CAPROCK Group Inc. purchased a new position in shares of Central Garden & Pet (NASDAQ:CENTA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,400 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors have also made changes to their positions in the stock. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Central Garden & Pet in the 1st quarter valued at about $56,000. William Blair Investment Management LLC acquired a new stake in shares of Central Garden & Pet in the 2nd quarter valued at about $80,000. Captrust Financial Advisors raised its stake in shares of Central Garden & Pet by 1,422.9% in the 1st quarter. Captrust Financial Advisors now owns 3,396 shares of the company’s stock valued at $176,000 after purchasing an additional 3,173 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in Central Garden & Pet during the first quarter worth about $219,000. Finally, Amalgamated Bank acquired a new stake in Central Garden & Pet during the first quarter worth about $223,000. 66.42% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research upgraded shares of Central Garden & Pet from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Tuesday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $58.83.

NASDAQ CENTA opened at $44.19 on Thursday. Central Garden & Pet has a 52 week low of $34.21 and a 52 week high of $55.82. The company has a current ratio of 3.29, a quick ratio of 2.07 and a debt-to-equity ratio of 0.95. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 14.54 and a beta of 0.61. The company has a 50-day moving average price of $42.36 and a two-hundred day moving average price of $47.08.

Central Garden & Pet (NASDAQ:CENTA) last posted its earnings results on Wednesday, August 4th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $0.99 by $0.38. Central Garden & Pet had a net margin of 5.19% and a return on equity of 15.62%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $954.27 million. As a group, equities research analysts expect that Central Garden & Pet will post 2.72 earnings per share for the current fiscal year.

Central Garden & Pet Profile

Central Garden & Pet Co is an innovator, producer and distributor of branded and private label products for the lawn & garden and pet supplies markets in the United States. Founded initially as a distribution company, it grew its business through a succession of over 50 acquisitions and created a broad portfolio which allows for economies of scale and market advantages.

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

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