Bridgewater Associates LP Has $3.08 Million Stock Holdings in Central Garden & Pet (NASDAQ:CENTA)

Bridgewater Associates LP lessened its stake in shares of Central Garden & Pet (NASDAQ:CENTA - Free Report) by 13.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,072 shares of the company's stock after selling 15,008 shares during the period. Bridgewater Associates LP owned 0.15% of Central Garden & Pet worth $3,079,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CENTA. Quarry LP raised its position in shares of Central Garden & Pet by 503.2% in the 2nd quarter. Quarry LP now owns 754 shares of the company's stock valued at $25,000 after buying an additional 629 shares in the last quarter. Federated Hermes Inc. acquired a new position in Central Garden & Pet during the second quarter valued at approximately $26,000. CWM LLC lifted its stake in Central Garden & Pet by 3,558.1% during the second quarter. CWM LLC now owns 1,134 shares of the company's stock worth $37,000 after purchasing an additional 1,103 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Central Garden & Pet in the 2nd quarter valued at $37,000. Finally, Public Employees Retirement Association of Colorado increased its stake in shares of Central Garden & Pet by 37.4% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 1,650 shares of the company's stock valued at $61,000 after purchasing an additional 449 shares during the last quarter. 50.82% of the stock is owned by institutional investors and hedge funds.

Central Garden & Pet Price Performance

CENTA traded down $0.34 on Friday, reaching $33.79. The stock had a trading volume of 217,653 shares, compared to its average volume of 277,040. The firm has a 50-day moving average of $30.88 and a 200-day moving average of $33.15. Central Garden & Pet has a fifty-two week low of $27.70 and a fifty-two week high of $41.03. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 20.88 and a beta of 0.73. The company has a current ratio of 3.66, a quick ratio of 2.16 and a debt-to-equity ratio of 0.76.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Central Garden & Pet from $34.00 to $32.00 and set a "neutral" rating for the company in a research report on Friday, October 11th. StockNews.com downgraded shares of Central Garden & Pet from a "buy" rating to a "hold" rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Central Garden & Pet presently has an average rating of "Buy" and a consensus target price 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.