Stenger Family Office LLC Makes New Investment in Central Garden & Pet Company $CENT

Stenger Family Office LLC acquired a new stake in shares of Central Garden & Pet Company (NASDAQ:CENTFree Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,841 shares of the company’s stock, valued at approximately $877,000.

Several other hedge funds have also recently made changes to their positions in CENT. R Squared Ltd raised its stake in Central Garden & Pet by 7.6% in the 1st quarter. R Squared Ltd now owns 8,241 shares of the company’s stock worth $303,000 after acquiring an additional 583 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of Central Garden & Pet in the first quarter valued at about $259,000. OP Asset Management Ltd acquired a new position in shares of Central Garden & Pet in the first quarter valued at about $241,000. Hsbc Holdings PLC raised its stake in shares of Central Garden & Pet by 15.2% in the fourth quarter. Hsbc Holdings PLC now owns 22,593 shares of the company’s stock worth $727,000 after purchasing an additional 2,976 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of Central Garden & Pet by 5.8% in the fourth quarter. Empowered Funds LLC now owns 67,660 shares of the company’s stock worth $2,175,000 after purchasing an additional 3,719 shares during the last quarter. 16.13% of the stock is owned by institutional investors and hedge funds.

Central Garden & Pet Stock Down 0.9%

Shares of CENT stock opened at $42.39 on Thursday. Central Garden & Pet Company has a twelve month low of $28.77 and a twelve month high of $45.78. The stock has a market cap of $2.65 billion, a P/E ratio of 15.41 and a beta of 0.60. The stock has a 50 day moving average of $40.52 and a 200 day moving average of $37.42. The company has a current ratio of 3.45, a quick ratio of 2.16 and a debt-to-equity ratio of 0.72.

Central Garden & Pet (NASDAQ:CENTGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.21. The business had revenue of $906.15 million for the quarter, compared to analysts’ expectations of $846.58 million. Central Garden & Pet had a net margin of 5.42% and a return on equity of 11.55%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company earned $1.04 EPS. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. As a group, sell-side analysts expect that Central Garden & Pet Company will post 2.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CENT. Zacks Research upgraded Central Garden & Pet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 11th. Weiss Ratings upgraded shares of Central Garden & Pet from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Finally, Canaccord Genuity Group upped their price objective on shares of Central Garden & Pet from $51.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $54.00.

Get Our Latest Stock Report on Central Garden & Pet

Central Garden & Pet Company Profile

(Free Report)

Central Garden & Pet (NASDAQ: CENT) is a leading North American specialty retailer, manufacturer and distributor serving the lawn and garden and pet supplies markets. The company operates through two primary segments: Pet and Garden. In the Pet segment, Central Garden & Pet offers a comprehensive range of products including pet food, treats, accessories, training products and habitat solutions for dogs, cats, birds, fish and small animals. The Garden segment encompasses a wide array of lawn, garden and outdoor living products, such as soils, fertilizers, planters, pest control solutions, landscape lighting and watering equipment.

Central Garden & Pet’s product portfolio includes both proprietary and branded offerings.

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Institutional Ownership by Quarter for Central Garden & Pet (NASDAQ:CENT)

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