Central Garden & Pet Company (NASDAQ:CENTA) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Central Garden & Pet Company (NASDAQ:CENTAGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $45.00.

A number of brokerages have commented on CENTA. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Central Garden & Pet in a report on Tuesday, July 7th. Wall Street Zen upgraded shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. cut their price objective on shares of Central Garden & Pet from $33.00 to $32.00 and set an “underweight” rating for the company in a research report on Friday, April 17th. Canaccord Genuity Group reduced their price objective 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. Finally, Zacks Research raised Central Garden & Pet from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th.

Read Our Latest Research Report on Central Garden & Pet

Institutional Investors Weigh In On Central Garden & Pet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Central Garden & Pet by 2.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,924,354 shares of the company’s stock worth $55,729,000 after purchasing an additional 54,930 shares during the period. Denali Advisors LLC bought a new stake in shares of Central Garden & Pet during the 4th quarter valued at $893,000. Jennison Associates LLC raised its position in shares of Central Garden & Pet by 118.0% during the 4th quarter. Jennison Associates LLC now owns 58,573 shares of the company’s stock valued at $1,710,000 after purchasing an additional 31,708 shares during the period. First Eagle Investment Management LLC purchased a new position in shares of Central Garden & Pet during the 4th quarter valued at $5,092,000. Finally, Vanguard Group Inc. lifted its stake in shares of Central Garden & Pet by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 5,804,612 shares of the company’s stock valued at $169,437,000 after buying an additional 20,819 shares in the last quarter. 50.82% of the stock is owned by hedge funds and other institutional investors.

Central Garden & Pet Stock Performance

Central Garden & Pet stock opened at $37.53 on Monday. Central Garden & Pet has a 52-week low of $25.97 and a 52-week high of $39.99. The company has a market cap of $2.35 billion, a P/E ratio of 13.65 and a beta of 0.57. 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 business has a 50-day simple moving average of $36.04 and a two-hundred day simple moving average of $33.44.

Central Garden & Pet (NASDAQ:CENTAGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.21. The firm 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%. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. Analysts predict that Central Garden & Pet will post 2.89 EPS for the current year.

About Central Garden & Pet

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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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Analyst Recommendations for Central Garden & Pet (NASDAQ:CENTA)

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