Armistice Capital LLC Sells 701,085 Shares of Central Garden & Pet Company $CENTA

Armistice Capital LLC lowered its holdings in Central Garden & Pet Company (NASDAQ:CENTA) by 68.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 324,000 shares of the company’s stock after selling 701,085 shares during the quarter. Armistice Capital LLC owned about 0.49% of Central Garden & Pet worth $10,138,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in CENTA. The Manufacturers Life Insurance Company raised its holdings in shares of Central Garden & Pet by 13.9% in the second quarter. The Manufacturers Life Insurance Company now owns 861,479 shares of the company’s stock valued at $26,956,000 after buying an additional 105,209 shares during the last quarter. Squarepoint Ops LLC bought a new stake in Central Garden & Pet during the 2nd quarter worth about $1,148,000. Qube Research & Technologies Ltd increased its position in Central Garden & Pet by 105.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 256,418 shares of the company’s stock valued at $8,023,000 after acquiring an additional 131,497 shares in the last quarter. State Street Corp raised its stake in shares of Central Garden & Pet by 3.5% in the second quarter. State Street Corp now owns 2,174,296 shares of the company’s stock worth $68,034,000 after acquiring an additional 73,755 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in shares of Central Garden & Pet by 10.8% during the second quarter. Cerity Partners LLC now owns 25,162 shares of the company’s stock worth $787,000 after purchasing an additional 2,448 shares in the last quarter. Institutional investors own 50.82% of the company’s stock.

Analyst Ratings Changes

CENTA has been the subject of a number of research reports. KeyCorp reissued an “overweight” rating and issued a $50.00 price target on shares of Central Garden & Pet in a report on Tuesday, November 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Central Garden & Pet in a research report on Monday. Wall Street Zen downgraded Central Garden & Pet from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Zacks Research lowered Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 24th. Finally, JPMorgan Chase & Co. raised their price target on Central Garden & Pet from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Tuesday, November 25th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Central Garden & Pet has an average rating of “Hold” and an average target price of $41.50.

Central Garden & Pet Stock Down 0.6%

Shares of Central Garden & Pet stock opened at $30.58 on Friday. The business has a fifty day simple moving average of $28.74 and a 200 day simple moving average of $31.28. The stock has a market cap of $1.91 billion, a PE ratio of 11.99 and a beta of 0.63. The company has a quick ratio of 2.33, a current ratio of 3.67 and a debt-to-equity ratio of 0.75. Central Garden & Pet Company has a 12 month low of $25.97 and a 12 month high of $37.35.

Central Garden & Pet (NASDAQ:CENTA) last released its earnings results on Monday, November 24th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.11. Central Garden & Pet had a return on equity of 11.17% and a net margin of 5.20%.The firm had revenue of $678.00 million for the quarter, compared to analyst estimates of $657.86 million. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. Research analysts predict that Central Garden & Pet Company will post 2.38 EPS for the current year.

Central Garden & Pet Company 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.