Sei Investments Co. Purchases 380 Shares of Central Garden & Pet Company (CENT)

Sei Investments Co. increased its position in shares of Central Garden & Pet Company (NASDAQ:CENT) by 8.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,633 shares of the company’s stock after buying an additional 380 shares during the period. Sei Investments Co.’s holdings in Central Garden & Pet were worth $148,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in shares of Central Garden & Pet by 65.7% during the first quarter. PNC Financial Services Group Inc. now owns 4,140 shares of the company’s stock worth $153,000 after buying an additional 1,641 shares during the period. Thrivent Financial For Lutherans purchased a new stake in shares of Central Garden & Pet during the first quarter worth approximately $212,000. Alliancebernstein L.P. purchased a new stake in shares of Central Garden & Pet during the first quarter worth approximately $222,000. Strs Ohio increased its stake in shares of Central Garden & Pet by 1,450.0% during the first quarter. Strs Ohio now owns 6,200 shares of the company’s stock worth $229,000 after buying an additional 5,800 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Central Garden & Pet during the first quarter worth approximately $243,000. Hedge funds and other institutional investors own 20.19% of the company’s stock.

In other Central Garden & Pet news, insider Michael A. Reed sold 15,016 shares of Central Garden & Pet stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $34.31, for a total transaction of $515,198.96. Following the sale, the insider now directly owns 135,008 shares in the company, valued at approximately $4,632,124.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brooks Pennington III sold 25,933 shares of Central Garden & Pet stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $34.16, for a total value of $885,871.28. Following the sale, the director now owns 48,365 shares in the company, valued at $1,652,148.40. The disclosure for this sale can be found here. Insiders have sold a total of 76,890 shares of company stock worth $2,612,545 over the last 90 days. 11.60% of the stock is owned by company insiders.

A number of analysts recently weighed in on CENT shares. Sidoti upgraded shares of Central Garden & Pet from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Central Garden & Pet in a report on Tuesday, June 20th. Zacks Investment Research downgraded Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. CL King assumed coverage on Central Garden & Pet in a report on Friday, July 7th. They issued a “buy” rating and a $38.00 price target for the company. Finally, BidaskClub raised Central Garden & Pet from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Central Garden & Pet currently has an average rating of “Hold” and an average target price of $39.00.

Central Garden & Pet Company (NASDAQ:CENT) opened at 35.82 on Wednesday. The firm has a market capitalization of $1.85 billion, a P/E ratio of 27.01 and a beta of 0.10. The company has a 50-day moving average price of $34.50 and a 200-day moving average price of $34.19. Central Garden & Pet Company has a one year low of $22.97 and a one year high of $39.33.

Central Garden & Pet (NASDAQ:CENT) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.11. Central Garden & Pet had a return on equity of 13.66% and a net margin of 3.49%. The company had revenue of $574.59 million for the quarter, compared to the consensus estimate of $544.26 million. During the same period in the previous year, the business earned $0.48 EPS. Central Garden & Pet’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts anticipate that Central Garden & Pet Company will post $1.51 EPS for the current year.

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Central Garden & Pet Company Profile

Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Pet segment and the Garden segment. It is a marketer and producer of pet supplies in the United States.

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

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