Logan Stone Capital LLC Has $8.46 Million Stake in Central Garden & Pet (NASDAQ:CENTA)

Logan Stone Capital LLC lifted its holdings in Central Garden & Pet (NASDAQ:CENTA) by 2.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 256,147 shares of the company’s stock after purchasing an additional 6,181 shares during the quarter. Central Garden & Pet accounts for approximately 2.2% of Logan Stone Capital LLC’s investment portfolio, making the stock its 7th largest position. Logan Stone Capital LLC owned 0.38% of Central Garden & Pet worth $8,461,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Central Garden & Pet by 30.2% in the first quarter. Vanguard Group Inc. now owns 5,636,319 shares of the company’s stock worth $208,093,000 after purchasing an additional 1,306,309 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Central Garden & Pet by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,653,753 shares of the company’s stock valued at $120,682,000 after acquiring an additional 29,780 shares during the period. Champlain Investment Partners LLC increased its stake in Central Garden & Pet by 24.8% in the first quarter. Champlain Investment Partners LLC now owns 2,303,369 shares of the company’s stock worth $85,040,000 after purchasing an additional 457,699 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Central Garden & Pet by 29.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,087,178 shares of the company’s stock worth $77,059,000 after purchasing an additional 480,805 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its stake in shares of Central Garden & Pet by 7.2% during the first quarter. Silvercrest Asset Management Group LLC now owns 1,112,400 shares of the company’s stock valued at $41,070,000 after purchasing an additional 74,256 shares during the period. Institutional investors own 50.82% of the company’s stock.

Insider Buying and Selling

In other news, Director John Ranelli sold 2,500 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $34.28, for a total transaction of $85,700.00. Following the completion of the sale, the director now owns 822 shares in the company, valued at approximately $28,178.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Central Garden & Pet news, Director Brooks Pennington III sold 1,486 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $32.80, for a total value of $48,740.80. Following the completion of the transaction, the director now owns 40,743 shares of the company’s stock, valued at $1,336,370.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John Ranelli sold 2,500 shares of Central Garden & Pet stock in a transaction on Monday, August 19th. The stock was sold at an average price of $34.28, for a total transaction of $85,700.00. Following the sale, the director now owns 822 shares of the company’s stock, valued at $28,178.16. The disclosure for this sale can be found here. Insiders sold a total of 63,986 shares of company stock worth $2,146,841 in the last 90 days. 20.28% of the stock is owned by corporate insiders.

Central Garden & Pet Price Performance

Shares of CENTA opened at $31.91 on Friday. The stock has a market capitalization of $2.15 billion, a PE ratio of 14.31 and a beta of 0.73. Central Garden & Pet has a fifty-two week low of $27.88 and a fifty-two week high of $41.03. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.16 and a current ratio of 3.66. The company has a 50 day moving average price of $33.39 and a 200-day moving average price of $34.87.

Central Garden & Pet (NASDAQ:CENTA) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. The company had revenue of $996.35 million for the quarter, compared to the consensus estimate of $1.01 billion. Central Garden & Pet had a return on equity of 10.66% and a net margin of 4.42%. During the same quarter last year, the company earned $1.40 earnings per share. Equities analysts predict that Central Garden & Pet will post 2.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

CENTA has been the topic of several recent analyst reports. StockNews.com downgraded shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Monday, July 1st. JPMorgan Chase & Co. reduced their target price on shares of Central Garden & Pet from $38.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Finally, Canaccord Genuity Group upgraded Central Garden & Pet to a “strong-buy” rating in a report on Monday, July 1st. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $42.00.

About Central Garden & Pet

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.