7,457 Shares in Central Garden & Pet (NASDAQ:CENT) Bought by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new stake in Central Garden & Pet (NASDAQ:CENT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,457 shares of the company’s stock, valued at approximately $272,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its position in shares of Central Garden & Pet by 0.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 893,226 shares of the company’s stock worth $32,576,000 after purchasing an additional 7,893 shares during the period. Inspire Investing LLC increased its stake in Central Garden & Pet by 21.5% during the 3rd quarter. Inspire Investing LLC now owns 11,235 shares of the company’s stock worth $410,000 after purchasing an additional 1,988 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Central Garden & Pet during the 3rd quarter worth approximately $111,000. Cubist Systematic Strategies LLC bought a new position in Central Garden & Pet in the second quarter valued at approximately $187,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Central Garden & Pet in the second quarter valued at approximately $113,000. Institutional investors own 16.13% of the company’s stock.

Central Garden & Pet Trading Up 0.9 %

Shares of CENT opened at $38.70 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.16 and a current ratio of 3.66. Central Garden & Pet has a 52-week low of $31.31 and a 52-week high of $47.48. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 17.83 and a beta of 0.75. The business’s fifty day moving average is $35.78 and its 200-day moving average is $38.71.

Insider Buying and Selling at Central Garden & Pet

In other Central Garden & Pet news, Chairman William E. Brown sold 60,000 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $33.54, for a total transaction of $2,012,400.00. Following the sale, the chairman now owns 1,125,773 shares of the company’s stock, valued at approximately $37,758,426.42. The trade was a 5.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 9.53% of the company’s stock.

Analyst Upgrades and Downgrades

CENT has been the subject of a number of research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $48.00 target price on shares of Central Garden & Pet in a research note on Monday, September 30th. Truist Financial dropped their target price on 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. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $47.50.

Central Garden & Pet Company 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.