XTX Topco Ltd Acquires New Shares in Central Garden & Pet (NASDAQ:CENT)

XTX Topco Ltd bought a new position in shares of Central Garden & Pet (NASDAQ:CENT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,088 shares of the company’s stock, valued at approximately $258,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Empowered Funds LLC acquired a new position in Central Garden & Pet during the 3rd quarter worth approximately $1,681,000. Quest Partners LLC bought a new stake in shares of Central Garden & Pet during the third quarter worth $797,000. American Century Companies Inc. increased its holdings in shares of Central Garden & Pet by 24.5% during the second quarter. American Century Companies Inc. now owns 162,647 shares of the company’s stock worth $6,262,000 after buying an additional 32,009 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Central Garden & Pet by 748.5% in the 2nd quarter. Marshall Wace LLP now owns 84,000 shares of the company’s stock valued at $3,234,000 after acquiring an additional 74,100 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Central Garden & Pet by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 86,877 shares of the company’s stock valued at $3,345,000 after acquiring an additional 1,873 shares in the last quarter. Institutional investors own 16.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CENT shares. Truist Financial lowered their target price on Central Garden & Pet from $50.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Canaccord Genuity Group dropped their price objective on shares of 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 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 MarketBeat, Central Garden & Pet presently has an average rating of “Buy” and an average target price of $46.75.

Central Garden & Pet Trading Down 4.2 %

NASDAQ CENT opened at $41.31 on Thursday. The firm has a market capitalization of $2.71 billion, a PE ratio of 25.53 and a beta of 0.81. The business’s 50-day moving average price is $37.39 and its two-hundred day moving average price is $38.09. The company has a current ratio of 3.66, a quick ratio of 2.19 and a debt-to-equity ratio of 0.76. Central Garden & Pet has a 12 month low of $32.17 and a 12 month high of $47.48.

Central Garden & Pet (NASDAQ:CENT) last released its earnings results on Monday, November 25th. The company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.04. The business had revenue of $669.49 million during the quarter, compared to the consensus estimate of $707.83 million. Central Garden & Pet had a net margin of 3.37% and a return on equity of 9.31%. The business’s quarterly revenue was down 10.8% compared to the same quarter last year. On average, analysts expect that Central Garden & Pet will post 2.22 EPS for the current year.

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.