Central Garden & Pet Company (CENT) Position Lifted by Renaissance Technologies LLC

Renaissance Technologies LLC increased its holdings in shares of Central Garden & Pet Company (NASDAQ:CENT) by 34.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 641,776 shares of the company’s stock after acquiring an additional 165,676 shares during the quarter. Renaissance Technologies LLC owned about 1.24% of Central Garden & Pet worth $20,402,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CENT. Vanguard Group Inc. grew its holdings in Central Garden & Pet by 8.8% in the 1st quarter. Vanguard Group Inc. now owns 1,322,444 shares of the company’s stock valued at $49,022,000 after buying an additional 106,439 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Central Garden & Pet by 102.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 179,861 shares of the company’s stock valued at $5,718,000 after buying an additional 91,219 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Central Garden & Pet by 85.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 150,475 shares of the company’s stock valued at $4,784,000 after buying an additional 69,342 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in Central Garden & Pet by 24.1% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 261,448 shares of the company’s stock valued at $8,311,000 after buying an additional 50,830 shares in the last quarter. Finally, Teachers Advisors LLC grew its holdings in Central Garden & Pet by 13.0% in the 2nd quarter. Teachers Advisors LLC now owns 275,869 shares of the company’s stock valued at $8,770,000 after buying an additional 31,819 shares in the last quarter. 20.19% of the stock is currently owned by institutional investors and hedge funds.

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CENT has been the topic of a number of research reports. Zacks Investment Research lowered Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub lowered Central Garden & Pet from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Central Garden & Pet in a report on Tuesday, June 20th. Sidoti raised Central Garden & Pet from a “neutral” rating to a “buy” rating in a report on Monday, June 19th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Central Garden & Pet in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $39.00.

In other news, Director Brooks Pennington III sold 2,226 shares of Central Garden & Pet stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $33.58, for a total value of $74,749.08. Following the completion of the transaction, the director now directly owns 48,365 shares in the company, valued at $1,624,096.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael A. Reed sold 15,016 shares of Central Garden & Pet stock in a transaction on Monday, August 7th. The shares were sold at an average price of $34.31, for a total value of $515,198.96. Following the completion of the transaction, the insider now owns 135,008 shares of the company’s stock, valued at $4,632,124.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,890 shares of company stock valued at $2,612,545. 11.60% of the stock is owned by company insiders.

Shares of Central Garden & Pet Company (NASDAQ CENT) opened at 38.78 on Thursday. Central Garden & Pet Company has a 52-week low of $22.97 and a 52-week high of $39.83. The company has a market capitalization of $2.01 billion, a P/E ratio of 29.25 and a beta of 0.11. The stock’s 50 day moving average price is $36.83 and its 200-day moving average price is $34.51.

Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.11. The company had revenue of $574.59 million during the quarter, compared to analysts’ expectations of $544.26 million. Central Garden & Pet had a return on equity of 13.66% and a net margin of 3.49%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 earnings per share. On average, equities analysts expect that Central Garden & Pet Company will post $1.52 earnings per share for the current year.

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.

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

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