Yousif Capital Management LLC Sells 428 Shares of Central Garden & Pet (NASDAQ:CENTA)

Yousif Capital Management LLC lowered its position in Central Garden & Pet (NASDAQ:CENTA) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,681 shares of the company’s stock after selling 428 shares during the quarter. Yousif Capital Management LLC’s holdings in Central Garden & Pet were worth $650,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its holdings in shares of Central Garden & Pet by 33.8% in the third quarter. FMR LLC now owns 76,388 shares of the company’s stock worth $2,399,000 after purchasing an additional 19,306 shares during the period. Barclays PLC grew its position in Central Garden & Pet by 161.7% in the third quarter. Barclays PLC now owns 122,530 shares of the company’s stock worth $3,849,000 after acquiring an additional 75,718 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Central Garden & Pet by 1.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,100,751 shares of the company’s stock worth $65,964,000 after acquiring an additional 38,077 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Central Garden & Pet by 5.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 773,023 shares of the company’s stock worth $24,273,000 after acquiring an additional 41,241 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in Central Garden & Pet in the third quarter worth $7,621,000. Institutional investors own 50.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CENTA shares. StockNews.com upgraded shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. cut their price target on shares of Central Garden & Pet from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Argus lowered shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.00.

Central Garden & Pet Stock Performance

Central Garden & Pet stock opened at $33.25 on Monday. The company has a current ratio of 3.47, a quick ratio of 2.19 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average of $32.49 and a 200-day moving average of $32.24. The firm has a market cap of $2.18 billion, a P/E ratio of 18.27 and a beta of 0.76. Central Garden & Pet has a 1-year low of $27.70 and a 1-year high of $41.03.

Central Garden & Pet (NASDAQ:CENTA) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.24. Central Garden & Pet had a net margin of 3.77% and a return on equity of 10.08%. Sell-side analysts expect that Central Garden & Pet will post 2.2 EPS for the current year.

Insider Buying and Selling at Central Garden & Pet

In other Central Garden & Pet news, insider John D. Walker III sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $32.86, for a total transaction of $328,600.00. Following the completion of the transaction, the insider now owns 67,111 shares of the company’s stock, valued at approximately $2,205,267.46. This trade represents a 12.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 20.28% of the company’s stock.

Central Garden & Pet Company Profile

Central Garden & Pet Co engages in the production and distribution of branded and private label products for the lawn, garden, and pet supplies markets. It operates through the Pet and Garden segments. The Pet segment focuses on 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, food and supplements, products for equine and livestock, animal and household health and insect control products, live fish and small animals as well as outdoor cushions.