Headlands Technologies LLC Makes New $586,000 Investment in Central Garden & Pet Company $CENTA

Headlands Technologies LLC bought a new stake in Central Garden & Pet Company (NASDAQ:CENTA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,121 shares of the company’s stock, valued at approximately $586,000.

A number of other institutional investors have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new stake in Central Garden & Pet in the 4th quarter worth about $25,000. Advisory Services Network LLC bought a new stake in Central Garden & Pet in the 3rd quarter valued at about $29,000. EverSource Wealth Advisors LLC lifted its holdings in Central Garden & Pet by 444.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,001 shares of the company’s stock valued at $31,000 after purchasing an additional 817 shares during the last quarter. IFP Advisors Inc lifted its holdings in Central Garden & Pet by 198.4% during the fourth quarter. IFP Advisors Inc now owns 1,131 shares of the company’s stock valued at $33,000 after purchasing an additional 752 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in Central Garden & Pet by 577.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,654 shares of the company’s stock worth $48,000 after purchasing an additional 1,410 shares during the period. Hedge funds and other institutional investors own 50.82% of the company’s stock.

Wall Street Analyst Weigh In

CENTA has been the subject of several recent research reports. Canaccord Genuity Group reduced their target price on shares of Central Garden & Pet from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Wednesday, June 17th. Weiss Ratings cut shares of Central Garden & Pet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 18th. JPMorgan Chase & Co. lifted their price objective on shares of Central Garden & Pet from $32.00 to $37.00 and gave the company an “underweight” rating in a research note on Thursday, July 16th. Wall Street Zen cut shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Zacks Research cut shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $46.67.

Insiders Place Their Bets

In other Central Garden & Pet news, insider John D. Walker III sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $38.50, for a total value of $192,500.00. Following the sale, the insider directly owned 64,679 shares in the company, valued at $2,490,141.50. This represents a 7.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 20.28% of the company’s stock.

Central Garden & Pet Stock Up 0.6%

CENTA stock opened at $36.64 on Thursday. The stock has a 50-day simple moving average of $38.20 and a two-hundred day simple moving average of $35.56. Central Garden & Pet Company has a twelve month low of $25.97 and a twelve month high of $40.79. The firm has a market capitalization of $2.29 billion, a PE ratio of 13.67 and a beta of 0.59. The company has a quick ratio of 2.67, a current ratio of 3.79 and a debt-to-equity ratio of 0.68.

Central Garden & Pet (NASDAQ:CENTA) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.03. Central Garden & Pet had a net margin of 5.39% and a return on equity of 11.13%. The firm had revenue of $882.36 million for the quarter, compared to the consensus estimate of $882.96 million. Central Garden & Pet has set its FY 2026 guidance at 2.850- EPS. On average, equities analysts predict that Central Garden & Pet Company will post 2.98 EPS for the current fiscal year.

Central Garden & Pet Company Profile

Central Garden & Pet Co is a leading producer, marketer and distributor of branded consumable gardening products and pet supplies in North America. Headquartered in Walnut Creek, California, the company serves both retail and wholesale customers through a network of distribution centers across the United States and Canada. Operating under the ticker symbol CENTA on the NASDAQ exchange, Central Garden & Pet has been publicly traded since 2003.

The company’s Garden segment offers a broad portfolio of lawn and garden care solutions, including fertilizers, weed and pest control products, soil and mulch, and plant care accessories.