ProShare Advisors LLC Purchases 3,078 Shares of Central Garden & Pet (NASDAQ:CENT)

ProShare Advisors LLC increased its position in shares of Central Garden & Pet (NASDAQ:CENT) by 9.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,490 shares of the company’s stock after purchasing an additional 3,078 shares during the period. ProShare Advisors LLC’s holdings in Central Garden & Pet were worth $1,416,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in Central Garden & Pet by 23.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 138,273 shares of the company’s stock worth $5,365,000 after buying an additional 25,968 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Central Garden & Pet in the fourth quarter worth about $682,000. JPMorgan Chase & Co. grew its position in shares of Central Garden & Pet by 73.8% during the third quarter. JPMorgan Chase & Co. now owns 35,228 shares of the company’s stock worth $1,285,000 after purchasing an additional 14,964 shares in the last quarter. American Century Companies Inc. raised its stake in Central Garden & Pet by 12.7% during the 4th quarter. American Century Companies Inc. now owns 200,091 shares of the company’s stock valued at $7,764,000 after purchasing an additional 22,556 shares during the period. Finally, Amundi raised its stake in Central Garden & Pet by 193.8% during the 4th quarter. Amundi now owns 4,201 shares of the company’s stock valued at $151,000 after purchasing an additional 2,771 shares during the period. 16.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Truist Financial downgraded Central Garden & Pet from a “buy” rating to a “hold” rating and set a $35.00 price target for the company. in a research note on Wednesday, April 30th.

Central Garden & Pet Stock Performance

Shares of NASDAQ CENT opened at $36.27 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.97 and a current ratio of 3.47. The company has a market cap of $2.38 billion, a P/E ratio of 19.93 and a beta of 0.73. The firm’s fifty day moving average is $35.38 and its two-hundred day moving average is $37.00. Central Garden & Pet has a 52-week low of $31.97 and a 52-week high of $46.85.

Central Garden & Pet (NASDAQ:CENT) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.94 by $0.10. Central Garden & Pet had a net margin of 3.77% and a return on equity of 10.08%. The business had revenue of $833.54 million during the quarter, compared to the consensus estimate of $876.36 million. During the same quarter in the prior year, the firm earned $0.99 EPS. The business’s revenue was down 7.4% on a year-over-year basis. As a group, analysts anticipate that Central Garden & Pet will post 2.38 EPS for the current fiscal 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.