Goldman Sachs Group Inc. Purchases 28,430 Shares of Central Garden & Pet (CENT)
Goldman Sachs Group Inc. increased its position in Central Garden & Pet (NASDAQ:CENT) by 124.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,358 shares of the company’s stock after purchasing an additional 28,430 shares during the period. Goldman Sachs Group Inc. owned 0.10% of Central Garden & Pet worth $1,999,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of CENT. Bank of New York Mellon Corp grew its stake in Central Garden & Pet by 41.2% in the third quarter. Bank of New York Mellon Corp now owns 204,093 shares of the company’s stock worth $7,927,000 after purchasing an additional 59,561 shares during the period. Macquarie Group Ltd. purchased a new stake in Central Garden & Pet in the third quarter worth $324,000. Envestnet Asset Management Inc. grew its stake in Central Garden & Pet by 104.6% in the third quarter. Envestnet Asset Management Inc. now owns 4,273 shares of the company’s stock worth $166,000 after purchasing an additional 2,185 shares during the period. Schwab Charles Investment Management Inc. grew its stake in Central Garden & Pet by 47.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 58,988 shares of the company’s stock worth $2,296,000 after purchasing an additional 19,048 shares during the period. Finally, Moody Aldrich Partners LLC grew its stake in Central Garden & Pet by 25.3% in the fourth quarter. Moody Aldrich Partners LLC now owns 48,015 shares of the company’s stock worth $1,869,000 after purchasing an additional 9,702 shares during the period. 19.66% of the stock is currently owned by institutional investors.
Several equities research analysts recently weighed in on the company. BidaskClub cut Central Garden & Pet from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research cut Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. SunTrust Banks boosted their target price on Central Garden & Pet to $50.00 and gave the stock a “buy” rating in a report on Monday, April 9th. Finally, KeyCorp reissued a “buy” rating and issued a $46.00 target price on shares of Central Garden & Pet in a report on Monday, March 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $45.60.
Central Garden & Pet (NASDAQ:CENT) last released its earnings results on Wednesday, February 7th. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.04. Central Garden & Pet had a return on equity of 12.86% and a net margin of 4.69%. The business had revenue of $442.01 million for the quarter, compared to the consensus estimate of $435.19 million. During the same period in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. research analysts predict that Central Garden & Pet will post 1.89 EPS for the current year.
In other Central Garden & Pet news, General Counsel George A. Yuhas sold 8,351 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $37.03, for a total value of $309,237.53. Following the sale, the general counsel now directly owns 41,908 shares of the company’s stock, valued at $1,551,853.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Ranelli sold 11,563 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $36.97, for a total value of $427,484.11. Following the completion of the sale, the director now directly owns 542 shares in the company, valued at $20,037.74. The disclosure for this sale can be found here. Insiders sold 42,589 shares of company stock worth $1,588,316 over the last three months. Corporate insiders own 12.60% of the company’s stock.
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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 comprising edible bones, edible and non-edible chews, rawhide, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and food, cages and habitats, toys, chews, and related accessories for birds, small animals, and specialty pets.
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