Thrivent Financial for Lutherans Sells 4,134 Shares of Central Garden & Pet (NASDAQ:CENTA)

Thrivent Financial for Lutherans cut its holdings in Central Garden & Pet (NASDAQ:CENTA) by 9.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,840 shares of the company’s stock after selling 4,134 shares during the period. Thrivent Financial for Lutherans’ holdings in Central Garden & Pet were worth $1,282,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Quarry LP boosted its holdings in Central Garden & Pet by 503.2% in the 2nd quarter. Quarry LP now owns 754 shares of the company’s stock valued at $25,000 after purchasing an additional 629 shares during the period. Federated Hermes Inc. acquired a new position in shares of Central Garden & Pet during the second quarter valued at about $26,000. CWM LLC lifted its stake in shares of Central Garden & Pet by 3,558.1% in the second quarter. CWM LLC now owns 1,134 shares of the company’s stock valued at $37,000 after buying an additional 1,103 shares during the period. Quest Partners LLC bought a new stake in shares of Central Garden & Pet in the second quarter valued at about $37,000. Finally, Public Employees Retirement Association of Colorado grew its position in Central Garden & Pet by 37.4% during the first quarter. Public Employees Retirement Association of Colorado now owns 1,650 shares of the company’s stock worth $61,000 after buying an additional 449 shares in the last quarter. Institutional investors and hedge funds own 50.82% of the company’s stock.

Central Garden & Pet Stock Performance

NASDAQ:CENTA opened at $33.79 on Monday. The firm has a market capitalization of $2.28 billion, a PE ratio of 20.88 and a beta of 0.73. The company has a quick ratio of 2.16, a current ratio of 3.66 and a debt-to-equity ratio of 0.76. Central Garden & Pet has a 12-month low of $27.70 and a 12-month high of $41.03. The firm has a 50-day moving average price of $30.88 and a 200 day moving average price of $33.15.

Analysts Set New Price Targets

A number of brokerages have commented on CENTA. StockNews.com downgraded Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. cut their target price on Central Garden & Pet from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $41.33.

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.