Rutabaga Capital Management LLC MA Sells 25,833 Shares of Central Garden & Pet Company (CENTA)

Rutabaga Capital Management LLC MA reduced its stake in Central Garden & Pet Company (NASDAQ:CENTA) by 9.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 242,996 shares of the company’s stock after selling 25,833 shares during the period. Rutabaga Capital Management LLC MA owned approximately 0.47% of Central Garden & Pet worth $7,295,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC grew its stake in shares of Central Garden & Pet by 27.7% during the second quarter. FMR LLC now owns 1,598,246 shares of the company’s stock valued at $47,979,000 after acquiring an additional 346,336 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Central Garden & Pet by 4.5% during the second quarter. Vanguard Group Inc. now owns 3,319,441 shares of the company’s stock valued at $99,650,000 after acquiring an additional 143,550 shares in the last quarter. Rothschild Asset Management Inc. grew its stake in shares of Central Garden & Pet by 13.7% during the second quarter. Rothschild Asset Management Inc. now owns 978,676 shares of the company’s stock valued at $29,380,000 after acquiring an additional 117,911 shares in the last quarter. Eaton Vance Management grew its stake in shares of Central Garden & Pet by 94.7% during the second quarter. Eaton Vance Management now owns 158,065 shares of the company’s stock valued at $4,745,000 after acquiring an additional 76,865 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of Central Garden & Pet during the second quarter valued at about $1,950,000. Hedge funds and other institutional investors own 62.98% of the company’s stock.

Several brokerages have recently weighed in on CENTA. CL King began coverage on Central Garden & Pet in a research note on Friday, July 7th. They set a “buy” rating and a $38.00 target price for the company. Sidoti upgraded Central Garden & Pet from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th.

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Shares of Central Garden & Pet Company (CENTA) traded up 2.40% during mid-day trading on Friday, hitting $38.43. The stock had a trading volume of 34,848 shares. Central Garden & Pet Company has a 52 week low of $21.70 and a 52 week high of $38.43. The stock has a 50-day moving average price of $35.51 and a 200 day moving average price of $32.93. The stock has a market cap of $1.99 billion, a P/E ratio of 28.98 and a beta of 0.33.

Central Garden & Pet (NASDAQ:CENTA) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates 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. On average, equities analysts forecast that Central Garden & Pet Company will post $1.47 EPS for the current fiscal year.

Central Garden & Pet 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:CENTA)

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