Allianz Asset Management GmbH increased its position in shares of Central Garden & Pet Company (NASDAQ:CENTA) by 38.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 331,034 shares of the company’s stock after buying an additional 91,784 shares during the period. Allianz Asset Management GmbH owned 0.64% of Central Garden & Pet worth $12,311,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CENTA. Great West Life Assurance Co. Can raised its stake in Central Garden & Pet by 3.3% during the second quarter. Great West Life Assurance Co. Can now owns 52,581 shares of the company’s stock worth $1,577,000 after buying an additional 1,669 shares during the last quarter. Texas Permanent School Fund raised its stake in Central Garden & Pet by 1.2% during the second quarter. Texas Permanent School Fund now owns 24,793 shares of the company’s stock worth $744,000 after buying an additional 298 shares during the last quarter. Sei Investments Co. raised its stake in Central Garden & Pet by 31.1% during the second quarter. Sei Investments Co. now owns 163,562 shares of the company’s stock worth $4,910,000 after buying an additional 38,828 shares during the last quarter. Trexquant Investment LP bought a new stake in Central Garden & Pet in the second quarter valued at $210,000. Finally, Schwab Charles Investment Management Inc. increased its stake in Central Garden & Pet by 10.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 249,697 shares of the company’s stock valued at $7,496,000 after purchasing an additional 23,982 shares in the last quarter. 62.88% of the stock is owned by institutional investors and hedge funds.

Central Garden & Pet Company (NASDAQ:CENTA) opened at $36.42 on Friday. Central Garden & Pet Company has a twelve month low of $28.12 and a twelve month high of $41.34. The firm has a market cap of $1,951.36, a PE ratio of 25.30 and a beta of 0.28. The company has a current ratio of 3.10, a quick ratio of 1.37 and a debt-to-equity ratio of 0.62.

Central Garden & Pet (NASDAQ:CENTA) last released its earnings results on Tuesday, November 28th. The company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. The firm had revenue of $490.46 million for the quarter. Central Garden & Pet had a net margin of 3.84% and a return on equity of 12.81%. During the same quarter in the previous year, the firm earned $0.13 earnings per share. analysts predict that Central Garden & Pet Company will post 1.62 EPS for the current year.

Several equities research analysts have weighed in on CENTA shares. Sidoti downgraded shares of Central Garden & Pet from a “buy” rating to a “neutral” rating in a research note on Monday, October 16th. Monness Crespi & Hardt started coverage on shares of Central Garden & Pet in a research note on Friday, October 20th. They issued a “buy” rating and a $44.00 price target for the company. Finally, CL King reaffirmed a “buy” rating and issued a $47.00 price target on shares of Central Garden & Pet in a research note on Friday, December 8th.

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Central Garden & Pet Profile

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.

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

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