Millennium Management LLC Grows Stock Position in Central Garden & Pet Co (NASDAQ:CENTA)

Millennium Management LLC raised its position in Central Garden & Pet Co (NASDAQ:CENTA) by 2,457.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,097 shares of the company’s stock after acquiring an additional 245,121 shares during the quarter. Millennium Management LLC owned 0.44% of Central Garden & Pet worth $7,072,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CENTA. Arizona State Retirement System boosted its holdings in Central Garden & Pet by 1.4% in the second quarter. Arizona State Retirement System now owns 64,162 shares of the company’s stock valued at $1,581,000 after purchasing an additional 874 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Central Garden & Pet by 6.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 17,686 shares of the company’s stock valued at $436,000 after purchasing an additional 1,061 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Central Garden & Pet by 9.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 17,270 shares of the company’s stock valued at $425,000 after buying an additional 1,440 shares during the last quarter. United Services Automobile Association boosted its stake in shares of Central Garden & Pet by 2.4% during the 2nd quarter. United Services Automobile Association now owns 67,327 shares of the company’s stock valued at $1,659,000 after buying an additional 1,578 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of Central Garden & Pet by 2.4% during the second quarter. Swiss National Bank now owns 78,000 shares of the company’s stock worth $1,922,000 after buying an additional 1,800 shares in the last quarter. 64.07% of the stock is owned by institutional investors.

A number of brokerages have recently issued reports on CENTA. Zacks Investment Research lowered shares of Central Garden & Pet from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 28th. ValuEngine upgraded Central Garden & Pet from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. BidaskClub raised Central Garden & Pet from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. KeyCorp cut their price objective on Central Garden & Pet from $36.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. Finally, Bank of America downgraded Central Garden & Pet from a “buy” rating to a “neutral” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $33.00.

Shares of NASDAQ:CENTA opened at $26.85 on Tuesday. The company has a quick ratio of 3.02, a current ratio of 4.69 and a debt-to-equity ratio of 0.70. The company’s 50-day moving average price is $28.02 and its 200 day moving average price is $26.01. The company has a market cap of $1.49 billion, a PE ratio of 16.70, a P/E/G ratio of 2.30 and a beta of 0.05. Central Garden & Pet Co has a fifty-two week low of $20.50 and a fifty-two week high of $36.92.

Central Garden & Pet (NASDAQ:CENTA) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). Central Garden & Pet had a return on equity of 9.26% and a net margin of 3.89%. The business had revenue of $540.74 million during the quarter, compared to the consensus estimate of $518.20 million. As a group, equities analysts anticipate that Central Garden & Pet Co will post 1.61 EPS for the current year.

Central Garden & Pet Company Profile

Central Garden & Pet Company, together with its subsidiaries, produces and distributes 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 supplies products for dogs and cats, including edible bones, edible and non-edible chews, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as food, cages and habitats, toys, chews, and related accessories.

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

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