Central Garden & Pet Co (NASDAQ:CENTA) has been given an average rating of “Hold” by the seven analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $41.67.
CENTA has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. ValuEngine downgraded shares of Central Garden & Pet from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 20th. Finally, BidaskClub upgraded shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a report on Tuesday.
Shares of NASDAQ:CENTA traded down $0.44 during trading on Monday, reaching $25.69. 255,726 shares of the company traded hands, compared to its average volume of 249,614. The company has a fifty day simple moving average of $25.87. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 3.59 and a beta of 0.03. Central Garden & Pet has a 1-year low of $23.07 and a 1-year high of $41.97. The company has a current ratio of 4.52, a quick ratio of 2.79 and a debt-to-equity ratio of 0.69.
Central Garden & Pet (NASDAQ:CENTA) last released its quarterly earnings data on Monday, May 6th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.05. Central Garden & Pet had a net margin of 4.19% and a return on equity of 9.92%. The business had revenue of $673.70 million during the quarter, compared to analyst estimates of $645.58 million. As a group, research analysts anticipate that Central Garden & Pet will post 1.81 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. acquired a new position in Central Garden & Pet in the first quarter valued at about $56,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Central Garden & Pet by 30.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,454 shares of the company’s stock valued at $80,000 after buying an additional 805 shares in the last quarter. QS Investors LLC boosted its position in Central Garden & Pet by 314.3% in the fourth quarter. QS Investors LLC now owns 5,800 shares of the company’s stock valued at $182,000 after buying an additional 4,400 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new position in Central Garden & Pet in the first quarter valued at about $142,000. Finally, SG Americas Securities LLC acquired a new position in Central Garden & Pet in the first quarter valued at about $185,000. Institutional investors and hedge funds own 66.52% of the company’s stock.
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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