Olstein Capital Management L.P. grew its holdings in Central Garden & Pet Co (NASDAQ:CENTA) by 3.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 110,000 shares of the company’s stock after buying an additional 4,000 shares during the period. Olstein Capital Management L.P. owned 0.19% of Central Garden & Pet worth $2,710,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in CENTA. Amundi Pioneer Asset Management Inc. purchased a new position in Central Garden & Pet during the first quarter worth about $56,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Central Garden & Pet by 30.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,454 shares of the company’s stock worth $80,000 after acquiring an additional 805 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new stake in Central Garden & Pet during the first quarter worth approximately $142,000. SG Americas Securities LLC acquired a new stake in Central Garden & Pet during the first quarter worth approximately $185,000. Finally, BNP Paribas Arbitrage SA boosted its position in Central Garden & Pet by 431.6% during the first quarter. BNP Paribas Arbitrage SA now owns 9,473 shares of the company’s stock worth $220,000 after acquiring an additional 7,691 shares during the last quarter. 66.24% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently issued reports on CENTA shares. KeyCorp decreased their target price on shares of Central Garden & Pet from $39.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Monness Crespi & Hardt restated a “buy” rating and set a $36.00 target price (down previously from $44.00) on shares of Central Garden & Pet in a research report on Friday, August 2nd. Zacks Investment Research lowered shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Finally, BidaskClub upgraded shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $39.60.
Central Garden & Pet (NASDAQ:CENTA) last posted its earnings results on Thursday, August 1st. The company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06). The firm had revenue of $706.58 million for the quarter, compared to analyst estimates of $689.17 million. Central Garden & Pet had a net margin of 4.30% and a return on equity of 9.66%. On average, research analysts expect that Central Garden & Pet Co will post 1.73 EPS for the current year.
Central Garden & Pet Profile
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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