Proficio Capital Partners LLC Makes New $682,000 Investment in Central Garden & Pet (NASDAQ:CENT)

Proficio Capital Partners LLC purchased a new stake in Central Garden & Pet (NASDAQ:CENT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,576 shares of the company's stock, valued at approximately $682,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc increased its stake in Central Garden & Pet by 693.6% during the 4th quarter. Versant Capital Management Inc now owns 1,246 shares of the company's stock worth $48,000 after acquiring an additional 1,089 shares during the period. Glenmede Trust Co. NA grew its holdings in shares of Central Garden & Pet by 23.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,101 shares of the company's stock valued at $77,000 after purchasing an additional 395 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Central Garden & Pet by 29.0% during the third quarter. Franklin Resources Inc. now owns 4,521 shares of the company's stock worth $157,000 after buying an additional 1,016 shares during the last quarter. XTX Topco Ltd acquired a new position in Central Garden & Pet in the 3rd quarter worth about $258,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Central Garden & Pet in the third quarter valued at approximately $272,000. 16.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Central Garden & Pet

In related news, insider John D. Walker III sold 10,000 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $32.86, for a total value of $328,600.00. Following the transaction, the insider now owns 67,111 shares in the company, valued at approximately $2,205,267.46. This represents a 12.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.19% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Argus downgraded Central Garden & Pet from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. Canaccord Genuity Group dropped their target price on shares of Central Garden & Pet from $48.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $45.00.

Central Garden & Pet Stock Up 2.1 %

Shares of NASDAQ CENT traded up $0.71 during mid-day trading on Wednesday, reaching $35.19. 158,955 shares of the company's stock traded hands, compared to its average volume of 133,438. Central Garden & Pet has a 1-year low of $32.17 and a 1-year high of $47.48. The stock has a market cap of $2.31 billion, a P/E ratio of 19.34 and a beta of 0.73. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.47 and a quick ratio of 1.97. The business has a 50-day simple moving average of $36.71 and a 200 day simple moving average of $37.08.

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

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.