Monness Crespi & Hardt reaffirmed their buy rating on shares of Central Garden & Pet (NASDAQ:CENTA) in a research report released on Friday morning, Briefing.com Automated Import reports. Monness Crespi & Hardt currently has a $36.00 target price on the stock, down from their previous target price of $44.00.
Other analysts have also recently issued research reports about the company. BidaskClub raised Central Garden & Pet from a sell rating to a hold rating in a research report on Wednesday, July 24th. Zacks Investment Research raised Central Garden & Pet from a sell rating to a hold rating in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Central Garden & Pet currently has an average rating of Hold and a consensus target price of $39.60.
CENTA traded down $5.85 on Friday, reaching $21.37. 1,184,778 shares of the stock were exchanged, compared to its average volume of 227,139. The firm’s 50-day moving average is $25.61. Central Garden & Pet has a fifty-two week low of $20.97 and a fifty-two week high of $40.81. The company has a quick ratio of 2.79, a current ratio of 4.52 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 3.79 and a beta of 0.04.
Central Garden & Pet (NASDAQ:CENTA) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.06). Central Garden & Pet had a return on equity of 9.92% and a net margin of 4.19%. The firm had revenue of $706.58 million for the quarter, compared to analyst estimates of $689.17 million. As a group, equities analysts anticipate that Central Garden & Pet will post 1.81 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Swiss National Bank lifted its position in Central Garden & Pet by 2.4% during the 2nd quarter. Swiss National Bank now owns 78,000 shares of the company’s stock worth $1,922,000 after acquiring an additional 1,800 shares during the period. Envestnet Asset Management Inc. lifted its position in Central Garden & Pet by 6.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 17,686 shares of the company’s stock worth $436,000 after acquiring an additional 1,061 shares during the period. Advisory Services Network LLC acquired a new stake in Central Garden & Pet during the 2nd quarter worth about $94,000. Olstein Capital Management L.P. lifted its holdings in shares of Central Garden & Pet by 3.8% in the 2nd quarter. Olstein Capital Management L.P. now owns 110,000 shares of the company’s stock valued at $2,710,000 after buying an additional 4,000 shares during the period. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in shares of Central Garden & Pet by 9.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 17,270 shares of the company’s stock valued at $425,000 after buying an additional 1,440 shares during the period. 66.22% of the stock is owned by institutional investors.
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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