CAPROCK Group Inc. bought a new position in Central Garden & Pet Company (NASDAQ:CENT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 7,641 shares of the company’s stock, valued at approximately $243,000.

Other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its stake in Central Garden & Pet by 5.4% in the fourth quarter. State Street Corp now owns 188,769 shares of the company’s stock worth $6,245,000 after buying an additional 9,753 shares in the last quarter. Guggenheim Capital LLC boosted its stake in shares of Central Garden & Pet by 5.0% in the fourth quarter. Guggenheim Capital LLC now owns 28,967 shares of the company’s stock valued at $959,000 after buying an additional 1,374 shares during the period. Teachers Advisors LLC boosted its stake in shares of Central Garden & Pet by 9.9% in the fourth quarter. Teachers Advisors LLC now owns 248,203 shares of the company’s stock valued at $8,213,000 after buying an additional 22,292 shares during the period. Hartford Investment Management Co. acquired a new stake in shares of Central Garden & Pet during the first quarter valued at $204,000. Finally, James Investment Research Inc. acquired a new stake in shares of Central Garden & Pet during the first quarter valued at $2,029,000. Institutional investors own 21.19% of the company’s stock.

Shares of Central Garden & Pet Company (CENT) opened at 35.33 on Monday. The firm has a 50-day moving average of $32.02 and a 200 day moving average of $33.93. Central Garden & Pet Company has a 52 week low of $22.97 and a 52 week high of $39.33. The firm has a market cap of $1.83 billion, a PE ratio of 26.64 and a beta of 0.12.

Central Garden & Pet (NASDAQ:CENT) last issued its earnings results on Wednesday, August 2nd. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.11. The firm had revenue of $574.59 million during the quarter, compared to analyst estimates of $544.26 million. Central Garden & Pet had a net margin of 3.49% and a return on equity of 13.66%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business earned $0.48 earnings per share. Equities research analysts predict that Central Garden & Pet Company will post $1.48 EPS for the current fiscal year.

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Several analysts have weighed in on CENT shares. Argus started coverage on shares of Central Garden & Pet in a research note on Wednesday, April 19th. They issued a “buy” rating and a $44.00 price objective for the company. Zacks Investment Research upgraded shares of Central Garden & Pet from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Tuesday, April 25th. BidaskClub upgraded shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Sidoti upgraded shares of Central Garden & Pet from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Central Garden & Pet in a research note on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $39.50.

In other Central Garden & Pet news, Director John Ranelli sold 3,100 shares of the stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $29.33, for a total transaction of $90,923.00. Following the completion of the transaction, the director now owns 110,668 shares in the company, valued at $3,245,892.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael A. Reed sold 15,107 shares of the stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $33.21, for a total transaction of $501,703.47. Following the transaction, the insider now owns 142,558 shares of the company’s stock, valued at approximately $4,734,351.18. The disclosure for this sale can be found here. Insiders have sold 82,382 shares of company stock valued at $2,613,603 in the last quarter. Company insiders own 11.60% of the company’s stock.

About Central Garden & Pet

Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Pet segment and the Garden segment. It is a marketer and producer of pet supplies in the United States.

Institutional Ownership by Quarter for Central Garden & Pet (NASDAQ:CENT)

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