Central Garden & Pet (NASDAQ:CENTA) Shares Bought by Logan Stone Capital LLC

Logan Stone Capital LLC raised its holdings in shares of Central Garden & Pet (NASDAQ:CENTA) by 56.1% in the 4th quarter, HoldingsChannel reports. The firm owned 399,815 shares of the company’s stock after buying an additional 143,668 shares during the period. Central Garden & Pet makes up approximately 4.4% of Logan Stone Capital LLC’s holdings, making the stock its 7th largest holding. Logan Stone Capital LLC’s holdings in Central Garden & Pet were worth $13,214,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its holdings in shares of Central Garden & Pet by 668.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 930 shares of the company’s stock worth $31,000 after buying an additional 809 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Central Garden & Pet during the fourth quarter worth $102,000. KBC Group NV lifted its holdings in shares of Central Garden & Pet by 50.1% during the fourth quarter. KBC Group NV now owns 3,606 shares of the company’s stock worth $119,000 after buying an additional 1,204 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Central Garden & Pet by 6.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,458 shares of the company’s stock worth $180,000 after buying an additional 325 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Central Garden & Pet by 12.6% during the fourth quarter. Bank of Montreal Can now owns 6,538 shares of the company’s stock worth $216,000 after buying an additional 734 shares in the last quarter. Institutional investors and hedge funds own 50.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CENTA shares. JPMorgan Chase & Co. dropped their target price on Central Garden & Pet from $34.00 to $31.00 and set a “neutral” rating for the company in a report on Friday, April 11th. StockNews.com downgraded Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Friday. Finally, Truist Financial reissued a “hold” rating and set a $35.00 target price (down previously from $40.00) on shares of Central Garden & Pet in a report on Wednesday, April 30th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Central Garden & Pet has an average rating of “Hold” and a consensus price target of $33.00.

Central Garden & Pet Stock Performance

NASDAQ:CENTA opened at $30.72 on Monday. The stock has a market cap of $2.01 billion, a P/E ratio of 16.88 and a beta of 0.68. The company has a current ratio of 3.47, a quick ratio of 1.97 and a debt-to-equity ratio of 0.78. The stock’s 50-day moving average is $31.36 and its 200-day moving average is $31.96. Central Garden & Pet has a 1-year low of $27.70 and a 1-year high of $41.03.

Central Garden & Pet (NASDAQ:CENTA) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.10. The company had revenue of $833.54 million for the quarter, compared to analyst estimates of $876.36 million. Central Garden & Pet had a return on equity of 10.08% and a net margin of 3.77%. Equities research analysts anticipate that Central Garden & Pet will post 2.38 earnings per share for the current year.

About Central Garden & Pet

Central Garden & Pet Co engages in the production and distribution of branded and private label products for the lawn, garden, and pet supplies markets. It operates through the Pet and Garden segments. The Pet segment focuses on dog and cat supplies such as dog treats and chews, toys, pet beds and containment, grooming products, waste management and training pads, supplies for aquatics, small animals, reptiles and pet birds including toys, cages and habitats, bedding, food and supplements, products for equine and livestock, animal and household health and insect control products, live fish, and small animals, as well as outdoor cushions.