Barclays PLC Buys 11,865 Shares of Central Garden & Pet (NASDAQ:CENT)

Barclays PLC boosted its position in shares of Central Garden & Pet (NASDAQ:CENT) by 51.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,944 shares of the company’s stock after acquiring an additional 11,865 shares during the quarter. Barclays PLC owned 0.05% of Central Garden & Pet worth $1,275,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. XTX Topco Ltd bought a new stake in shares of Central Garden & Pet during the 3rd quarter valued at $258,000. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Central Garden & Pet by 1.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 148,910 shares of the company’s stock valued at $5,431,000 after buying an additional 2,450 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in Central Garden & Pet by 23.2% during the third quarter. Glenmede Trust Co. NA now owns 2,101 shares of the company’s stock valued at $77,000 after acquiring an additional 395 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Central Garden & Pet by 5.4% in the third quarter. BNP Paribas Financial Markets now owns 9,060 shares of the company’s stock worth $330,000 after acquiring an additional 464 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Central Garden & Pet by 11.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 112,305 shares of the company’s stock valued at $4,096,000 after purchasing an additional 11,671 shares during the period. 16.13% of the stock is owned by hedge funds and other institutional investors.

Central Garden & Pet Trading Down 0.1 %

CENT opened at $39.16 on Monday. Central Garden & Pet has a 12 month low of $32.17 and a 12 month high of $47.48. The company has a current ratio of 3.66, a quick ratio of 2.19 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average of $38.07 and a 200 day moving average of $37.98. The firm has a market cap of $2.57 billion, a P/E ratio of 24.20 and a beta of 0.81.

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 return on equity of 9.31% and a net margin of 3.37%. The company had revenue of $669.49 million during the quarter, compared to the consensus estimate of $707.83 million. Central Garden & Pet’s quarterly revenue was down 10.8% on a year-over-year basis. As a group, research analysts forecast that Central Garden & Pet will post 2.22 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.