Central Garden & Pet (NASDAQ:CENTA – Get Free Report) has received an average recommendation of “Buy” from the five analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $42.00.
CENTA has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Central Garden & Pet from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. StockNews.com lowered shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Monday, July 1st. Argus upgraded shares of Central Garden & Pet to a “strong-buy” rating in a report on Tuesday, May 28th. Finally, Canaccord Genuity Group upgraded shares of Central Garden & Pet to a “strong-buy” rating in a report on Monday, July 1st.
View Our Latest Stock Report on Central Garden & Pet
Insiders Place Their Bets
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new position in shares of Central Garden & Pet in the 2nd quarter valued at $154,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Central Garden & Pet in the 2nd quarter valued at about $61,000. Quarry LP boosted its holdings in shares of 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 buying an additional 629 shares during the period. Logan Stone Capital LLC boosted its holdings in shares of Central Garden & Pet by 2.5% in the 2nd quarter. Logan Stone Capital LLC now owns 256,147 shares of the company’s stock valued at $8,461,000 after buying an additional 6,181 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Central Garden & Pet by 5.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 631,724 shares of the company’s stock valued at $20,866,000 after buying an additional 33,379 shares during the period. 50.82% of the stock is owned by hedge funds and other institutional investors.
Central Garden & Pet Price Performance
Shares of Central Garden & Pet stock opened at $32.64 on Wednesday. The firm has a market cap of $2.20 billion, a PE ratio of 14.64 and a beta of 0.73. Central Garden & Pet has a 12-month low of $27.88 and a 12-month high of $41.03. The company has a quick ratio of 2.16, a current ratio of 3.66 and a debt-to-equity ratio of 0.75. The company’s fifty day simple moving average is $33.49 and its two-hundred day simple moving average is $35.06.
Central Garden & Pet (NASDAQ:CENTA – Get Free Report) last announced its earnings results 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 firm had revenue of $996.35 million for the quarter, compared to analyst estimates of $1.01 billion. Central Garden & Pet had a net margin of 4.42% and a return on equity of 10.66%. During the same quarter in the previous year, the firm posted $1.40 EPS. As a group, equities analysts expect that Central Garden & Pet will post 2.11 EPS for the current year.
Central Garden & Pet Company Profile
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.
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