Pinebridge Investments L.P. trimmed its holdings in shares of Central Garden & Pet Co (NASDAQ:CENTA) by 22.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 48,121 shares of the company’s stock after selling 13,969 shares during the period. Pinebridge Investments L.P. owned approximately 0.08% of Central Garden & Pet worth $1,185,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Quantamental Technologies LLC bought a new position in shares of Central Garden & Pet during the 2nd quarter worth about $50,000. Amundi Pioneer Asset Management Inc. bought a new position in Central Garden & Pet during the 1st quarter valued at about $56,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Central Garden & Pet by 30.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,454 shares of the company’s stock valued at $80,000 after purchasing an additional 805 shares during the last quarter. Advisory Services Network LLC bought a new position in Central Garden & Pet during the 2nd quarter valued at about $94,000. Finally, NumerixS Investment Technologies Inc bought a new position in Central Garden & Pet during the 1st quarter valued at about $142,000. 67.10% of the stock is owned by institutional investors.

Shares of NASDAQ:CENTA traded up $0.23 during trading on Thursday, hitting $26.11. 2,420 shares of the company’s stock were exchanged, compared to its average volume of 317,880. Central Garden & Pet Co has a 1-year low of $20.50 and a 1-year high of $36.92. The firm has a 50-day moving average price of $23.63 and a two-hundred day moving average price of $24.98. The company has a current ratio of 4.84, a quick ratio of 3.17 and a debt-to-equity ratio of 0.67. The firm has a market cap of $1.55 billion, a P/E ratio of 13.69, a PEG ratio of 2.77 and a beta of 0.12.

Central Garden & Pet (NASDAQ:CENTA) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.06). Central Garden & Pet had a return on equity of 9.66% and a net margin of 4.30%. The business had revenue of $706.58 million for the quarter, compared to analyst estimates of $689.17 million. As a group, research analysts predict that Central Garden & Pet Co will post 1.73 EPS for the current year.

Several equities research analysts have weighed in on CENTA shares. BidaskClub upgraded shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. Monness Crespi & Hardt restated a “buy” rating and issued a $36.00 price objective (down previously from $44.00) on shares of Central Garden & Pet in a research report on Friday, August 2nd. Zacks Investment Research upgraded shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research report on Tuesday, August 20th. Finally, KeyCorp lowered their price objective on shares of Central Garden & Pet from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Central Garden & Pet currently has an average rating of “Buy” and an average price target of $38.50.

About Central Garden & Pet

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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