GHP Investment Advisors Inc. Boosts Holdings in Central Garden & Pet (NASDAQ:CENTA)

GHP Investment Advisors Inc. raised its position in Central Garden & Pet (NASDAQ:CENTA) by 2.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 91,775 shares of the company’s stock after buying an additional 2,352 shares during the quarter. GHP Investment Advisors Inc. owned about 0.14% of Central Garden & Pet worth $2,882,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Central Garden & Pet by 39.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,650 shares of the company’s stock worth $397,000 after acquiring an additional 3,560 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Central Garden & Pet by 1.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,100,751 shares of the company’s stock valued at $65,964,000 after purchasing an additional 38,077 shares in the last quarter. CWM LLC increased its position in Central Garden & Pet by 72.6% during the 3rd quarter. CWM LLC now owns 1,957 shares of the company’s stock worth $61,000 after purchasing an additional 823 shares during the period. SG Americas Securities LLC purchased a new position in shares of Central Garden & Pet during the 3rd quarter worth approximately $594,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Central Garden & Pet in the 2nd quarter valued at approximately $154,000. Hedge funds and other institutional investors own 50.82% of the company’s stock.

Insider Buying and Selling at Central Garden & Pet

In related news, Director Brooks Pennington III sold 1,486 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $32.80, for a total transaction of $48,740.80. Following the sale, the director now owns 40,743 shares of the company’s stock, valued at $1,336,370.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Central Garden & Pet news, Director John Ranelli sold 2,500 shares of Central Garden & Pet stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $34.28, for a total value of $85,700.00. Following the completion of the sale, the director now directly owns 822 shares of the company’s stock, valued at approximately $28,178.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brooks Pennington III sold 1,486 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $32.80, for a total value of $48,740.80. Following the completion of the transaction, the director now owns 40,743 shares of the company’s stock, valued at $1,336,370.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,986 shares of company stock worth $2,146,841. 20.28% of the stock is owned by insiders.

Central Garden & Pet Stock Down 0.2 %

CENTA opened at $28.98 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.16 and a current ratio of 3.66. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 13.00 and a beta of 0.72. Central Garden & Pet has a one year low of $27.70 and a one year high of $41.03. The business’s fifty day moving average is $31.72 and its two-hundred day moving average is $33.88.

Central Garden & Pet (NASDAQ:CENTA) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.25 by $0.07. Central Garden & Pet had a net margin of 4.42% and a return on equity of 10.66%. The business had revenue of $996.35 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the firm earned $1.40 EPS. Analysts anticipate that Central Garden & Pet will post 2.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. StockNews.com lowered Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. lowered their price target on shares of Central Garden & Pet from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Finally, Canaccord Genuity Group upgraded shares of Central Garden & Pet to a “strong-buy” rating in a research note on Monday, July 1st. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $41.33.

Central Garden & Pet Company Profile

Central Garden & Pet Company produces and distributes various 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 provides 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, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.