Shares of Central Garden & Pet Co (NASDAQ:CENTA) have been given a consensus recommendation of “Hold” by the seven brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $35.50.
CENTA has been the subject of several research reports. ValuEngine upgraded Central Garden & Pet from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. KeyCorp upped their price target on Central Garden & Pet from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Zacks Investment Research lowered Central Garden & Pet from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Finally, Bank of America lowered Central Garden & Pet from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 27th.
CENTA opened at $28.48 on Tuesday. The business’s 50-day moving average is $29.64 and its two-hundred day moving average is $27.22. Central Garden & Pet has a 1 year low of $20.50 and a 1 year high of $32.29. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.84 and a quick ratio of 2.22. The firm has a market capitalization of $1.59 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 2.98 and a beta of 0.07.
Central Garden & Pet (NASDAQ:CENTA) last released its earnings results on Wednesday, February 5th. The company reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.03. The firm had revenue of $482.83 million during the quarter, compared to the consensus estimate of $472.28 million. Central Garden & Pet had a return on equity of 8.60% and a net margin of 3.60%. As a group, sell-side analysts expect that Central Garden & Pet will post 1.62 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. grew its position in shares of Central Garden & Pet by 78.5% in the fourth quarter. Meeder Asset Management Inc. now owns 1,401 shares of the company’s stock valued at $41,000 after purchasing an additional 616 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Central Garden & Pet in the first quarter valued at $56,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Central Garden & Pet by 38.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,667 shares of the company’s stock valued at $78,000 after purchasing an additional 743 shares during the period. Tower Research Capital LLC TRC grew its position in Central Garden & Pet by 778.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,368 shares of the company’s stock valued at $158,000 after acquiring an additional 4,757 shares during the period. Finally, ProShare Advisors LLC acquired a new position in shares of Central Garden & Pet during the fourth quarter worth about $200,000. 66.04% of the stock is owned by institutional investors and hedge funds.
Central Garden & Pet Company Profile
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, including edible bones, edible and non-edible chews, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as food, cages and habitats, toys, chews, and related accessories.
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