47,600 Shares in Central Garden & Pet (NASDAQ:CENTA) Bought by Denali Advisors LLC

Denali Advisors LLC acquired a new stake in shares of Central Garden & Pet (NASDAQ:CENTA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 47,600 shares of the company's stock, valued at approximately $1,573,000. Denali Advisors LLC owned approximately 0.07% of Central Garden & Pet at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CENTA. KBC Group NV boosted its position in Central Garden & Pet by 43.8% during the 3rd quarter. KBC Group NV now owns 2,402 shares of the company's stock worth $75,000 after acquiring an additional 732 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Central Garden & Pet in the fourth quarter valued at $102,000. Quantbot Technologies LP increased its stake in Central Garden & Pet by 253.7% in the 3rd quarter. Quantbot Technologies LP now owns 3,891 shares of the company's stock valued at $122,000 after buying an additional 2,791 shares during the last quarter. Point72 DIFC Ltd lifted its position in Central Garden & Pet by 32.0% during the 3rd quarter. Point72 DIFC Ltd now owns 6,154 shares of the company's stock worth $193,000 after buying an additional 1,492 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Central Garden & Pet during the 3rd quarter worth about $194,000. 50.82% of the stock is currently owned by institutional investors and hedge funds.

Central Garden & Pet Stock Performance

CENTA stock traded up $0.76 during trading hours on Friday, hitting $31.48. 526,624 shares of the stock were exchanged, compared to its average volume of 284,526. Central Garden & Pet has a 12 month low of $27.70 and a 12 month high of $41.03. The company has a current ratio of 3.47, a quick ratio of 1.97 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $2.06 billion, a P/E ratio of 17.30 and a beta of 0.76. The company has a 50-day simple moving average of $31.93 and a two-hundred day simple moving average of $32.15.

Central Garden & Pet (NASDAQ:CENTA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.03) by $0.24. Central Garden & Pet had a net margin of 3.77% and a return on equity of 10.08%. On average, analysts forecast that Central Garden & Pet will post 2.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com raised shares of Central Garden & Pet from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Argus cut shares of Central Garden & Pet from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. reduced their price target on Central Garden & Pet from $32.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $41.00.

Insider Buying and Selling at Central Garden & Pet

In other Central Garden & Pet news, insider John D. Walker III sold 10,000 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $32.86, for a total transaction of $328,600.00. Following the completion of the transaction, the insider now owns 67,111 shares of the company's stock, valued at approximately $2,205,267.46. The trade was a 12.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 20.28% of the company's stock.

Central Garden & Pet Profile

Central Garden & Pet Co engages in the production and distribution of branded and private label products for the lawn, garden, and pet supplies markets. It operates through the Pet and Garden segments. The Pet segment focuses on 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, food and supplements, products for equine and livestock, animal and household health and insect control products, live fish and small animals as well as outdoor cushions.