Thrivent Financial for Lutherans Cuts Stake in Central Garden & Pet (NASDAQ:CENT)

Thrivent Financial for Lutherans lessened its holdings in Central Garden & Pet (NASDAQ:CENT) by 5.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,482 shares of the company’s stock after selling 427 shares during the period. Thrivent Financial for Lutherans’ holdings in Central Garden & Pet were worth $273,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CENT. DekaBank Deutsche Girozentrale acquired a new stake in shares of Central Garden & Pet in the second quarter valued at $51,000. Point72 Asset Management L.P. purchased a new stake in Central Garden & Pet during the 2nd quarter worth about $113,000. SG Americas Securities LLC acquired a new stake in Central Garden & Pet in the 3rd quarter valued at about $111,000. Cubist Systematic Strategies LLC purchased a new position in shares of Central Garden & Pet in the 2nd quarter valued at about $187,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Central Garden & Pet during the second quarter worth about $207,000. Institutional investors and hedge funds own 16.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CENT. Canaccord Genuity Group reduced their target price on shares of Central Garden & Pet from $48.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Truist Financial dropped their price objective on Central Garden & Pet from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Central Garden & Pet presently has a consensus rating of “Buy” and a consensus target price of $46.75.

Central Garden & Pet Trading Down 1.0 %

Shares of Central Garden & Pet stock opened at $40.31 on Friday. The company has a market capitalization of $2.72 billion, a P/E ratio of 24.88 and a beta of 0.81. Central Garden & Pet has a 1 year low of $32.17 and a 1 year high of $47.48. The company’s fifty day moving average is $36.30 and its two-hundred day moving average is $38.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.19 and a current ratio of 3.66.

Central Garden & Pet (NASDAQ:CENT) last issued its quarterly earnings results on Monday, November 25th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.04. Central Garden & Pet had a net margin of 3.37% and a return on equity of 9.31%. The business had revenue of $669.49 million for the quarter, compared to analyst estimates of $707.83 million. The firm’s revenue for the quarter was down 10.8% on a year-over-year basis. Analysts forecast that Central Garden & Pet will post 2.22 earnings per share for the current year.

Central Garden & Pet Profile

Central Garden & Pet Company produces and distributes various 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 provides dog and cat supplies, such as dog treats and chews, toys, pet beds and containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.