Credit Industriel ET Commercial purchased a new stake in Central Garden & Pet Company (NASDAQ:CENTA – Free Report) during the 1st quarter, HoldingsChannel reports. The firm purchased 30,845 shares of the company’s stock, valued at approximately $1,000,000.
A number of other institutional investors have also made changes to their positions in CENTA. Aristides Capital LLC lifted its position in shares of Central Garden & Pet by 8.0% during the 3rd quarter. Aristides Capital LLC now owns 8,436 shares of the company’s stock worth $249,000 after purchasing an additional 623 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Central Garden & Pet by 2.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,421 shares of the company’s stock valued at $996,000 after buying an additional 743 shares during the last quarter. IFP Advisors Inc increased its position in Central Garden & Pet by 198.4% in the 4th quarter. IFP Advisors Inc now owns 1,131 shares of the company’s stock worth $33,000 after buying an additional 752 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Central Garden & Pet by 1.5% during the second quarter. California State Teachers Retirement System now owns 50,530 shares of the company’s stock worth $1,581,000 after buying an additional 771 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Central Garden & Pet by 444.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,001 shares of the company’s stock worth $31,000 after buying an additional 817 shares during the last quarter. 50.82% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
CENTA has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Central Garden & Pet from $33.00 to $32.00 and set an “underweight” rating on the stock in a research note on Friday, April 17th. Canaccord Genuity Group cut their target price on Central Garden & Pet from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Wednesday, June 17th. Wall Street Zen raised shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Zacks Research raised Central Garden & Pet from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Central Garden & Pet presently has an average rating of “Moderate Buy” and an average target price of $45.00.
Central Garden & Pet Price Performance
Shares of CENTA stock opened at $37.95 on Tuesday. The company has a quick ratio of 2.16, a current ratio of 3.45 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average of $35.78 and a 200-day moving average of $33.22. Central Garden & Pet Company has a 12-month low of $25.97 and a 12-month high of $39.99. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 13.80 and a beta of 0.57.
Central Garden & Pet (NASDAQ:CENTA – Get Free Report) last posted 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 company had revenue of $906.15 million during the quarter, compared to the consensus estimate of $846.58 million. Central Garden & Pet had a net margin of 5.42% and a return on equity of 11.55%. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. On average, equities research analysts forecast that Central Garden & Pet Company will post 2.89 earnings per share for the current year.
Central Garden & Pet Company Profile
Central Garden & Pet Co is a leading producer, marketer and distributor of branded consumable gardening products and pet supplies in North America. Headquartered in Walnut Creek, California, the company serves both retail and wholesale customers through a network of distribution centers across the United States and Canada. Operating under the ticker symbol CENTA on the NASDAQ exchange, Central Garden & Pet has been publicly traded since 2003.
The company’s Garden segment offers a broad portfolio of lawn and garden care solutions, including fertilizers, weed and pest control products, soil and mulch, and plant care accessories.
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