Nisa Investment Advisors LLC Has $49,000 Stock Position in Central Garden & Pet Company (NASDAQ:CENTA)

Nisa Investment Advisors LLC lifted its stake in shares of Central Garden & Pet Company (NASDAQ:CENTA) by 53.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,490 shares of the company’s stock after purchasing an additional 517 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Central Garden & Pet were worth $49,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CENTA. Envestnet Asset Management Inc. lifted its holdings in shares of Central Garden & Pet by 64.7% in the first quarter. Envestnet Asset Management Inc. now owns 15,410 shares of the company’s stock valued at $504,000 after purchasing an additional 6,054 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Central Garden & Pet during the first quarter valued at about $255,000. GHP Investment Advisors Inc. grew its position in shares of Central Garden & Pet by 1.7% during the 1st quarter. GHP Investment Advisors Inc. now owns 92,347 shares of the company’s stock valued at $3,023,000 after acquiring an additional 1,527 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in Central Garden & Pet in the first quarter worth $224,000. Finally, CWA Asset Management Group LLC purchased a new stake in Central Garden & Pet in the 1st quarter worth about $573,000. 50.82% of the stock is currently owned by institutional investors and hedge funds.

Central Garden & Pet Trading Down 1.9%

CENTA stock opened at $36.01 on Friday. Central Garden & Pet Company has a one year low of $27.70 and a one year high of $37.31. The company has a market capitalization of $2.36 billion, a PE ratio of 19.26 and a beta of 0.66. The company’s 50 day moving average price is $32.09 and its two-hundred day moving average price is $31.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.93 and a current ratio of 3.31.

Central Garden & Pet (NASDAQ:CENTA) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.10. Central Garden & Pet had a return on equity of 10.14% and a net margin of 3.90%. The firm had revenue of $833.54 million for the quarter, compared to analysts’ expectations of $876.36 million. As a group, analysts predict that Central Garden & Pet Company will post 2.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CENTA has been the topic of a number of recent research reports. Truist Financial reissued a “hold” rating and set a $35.00 price objective (down previously from $40.00) on shares of Central Garden & Pet in a report on Wednesday, April 30th. Wall Street Zen upgraded Central Garden & Pet from a “hold” rating to a “buy” rating in a research report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Central Garden & Pet from $34.00 to $31.00 and set a “neutral” rating for the company in a research report on Friday, April 11th.

Insider Transactions at Central Garden & Pet

In other Central Garden & Pet news, Chairman William E. Brown sold 7,800 shares of the company’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $32.04, for a total transaction of $249,912.00. Following the completion of the transaction, the chairman owned 377,383 shares of the company’s stock, valued at $12,091,351.32. This represents a 2.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders have sold 107,800 shares of company stock valued at $3,490,112. 20.28% of the stock is owned by company insiders.

Central Garden & Pet 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.