Central Garden & Pet Co (CENTA) Given Consensus Rating of “Buy” by Brokerages

Shares of Central Garden & Pet Co (NASDAQ:CENTA) have been given a consensus rating of “Buy” by the six ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a 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 $45.00.

Several equities research analysts have commented on CENTA shares. Bank of America started coverage on shares of Central Garden & Pet in a research note on Monday, September 10th. They issued a “buy” rating and a $44.00 price target on the stock. BMO Capital Markets started coverage on shares of Central Garden & Pet in a research note on Monday, August 13th. They issued an “outperform” rating on the stock. Finally, ValuEngine lowered shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a research note on Thursday.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. United Services Automobile Association increased its stake in shares of Central Garden & Pet by 63.6% during the second quarter. United Services Automobile Association now owns 137,500 shares of the company’s stock valued at $5,565,000 after acquiring an additional 53,435 shares during the period. Northern Trust Corp increased its stake in shares of Central Garden & Pet by 5.2% during the second quarter. Northern Trust Corp now owns 529,876 shares of the company’s stock valued at $21,445,000 after acquiring an additional 26,324 shares during the period. California Public Employees Retirement System increased its stake in shares of Central Garden & Pet by 25.6% during the second quarter. California Public Employees Retirement System now owns 101,690 shares of the company’s stock valued at $4,115,000 after acquiring an additional 20,756 shares during the period. Millennium Management LLC increased its stake in shares of Central Garden & Pet by 91.2% during the second quarter. Millennium Management LLC now owns 171,316 shares of the company’s stock valued at $6,933,000 after acquiring an additional 81,713 shares during the period. Finally, Paloma Partners Management Co acquired a new position in shares of Central Garden & Pet during the second quarter valued at approximately $283,000. Institutional investors and hedge funds own 63.49% of the company’s stock.

Shares of NASDAQ:CENTA traded down $0.45 during trading hours on Thursday, hitting $33.45. The stock had a trading volume of 210,400 shares, compared to its average volume of 263,304. Central Garden & Pet has a 1-year low of $32.57 and a 1-year high of $41.97. The firm has a market capitalization of $1.78 billion, a P/E ratio of 22.30, a PEG ratio of 1.50 and a beta of 0.09. The company has a current ratio of 4.42, a quick ratio of 2.57 and a debt-to-equity ratio of 0.93.

Central Garden & Pet (NASDAQ:CENTA) last announced its quarterly earnings results on Wednesday, August 1st. The company reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. Central Garden & Pet had a net margin of 5.32% and a return on equity of 14.69%. The company had revenue of $657.94 million for the quarter. analysts predict that Central Garden & Pet will post 1.88 EPS for the current year.

About Central Garden & Pet

Central Garden & Pet Company, together with its subsidiaries, produces and distributes 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 supplies products for dogs and cats comprising edible bones, edible and non-edible chews, rawhide, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and food, cages and habitats, toys, chews, and related accessories for birds, small animals, and specialty pets.

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