Central Garden & Pet Company (NASDAQ:CENTA – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $46.67.
Several brokerages have recently issued reports on CENTA. JPMorgan Chase & Co. increased their price objective on shares of Central Garden & Pet from $32.00 to $37.00 and gave the stock an “underweight” rating in a research report on Thursday, July 16th. Zacks Research cut shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Wall Street Zen lowered shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings cut Central Garden & Pet from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, September 24th.
Get Our Latest Stock Analysis on CENTA
Insider Buying and Selling
In other news, insider John Walker, III sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $38.50, for a total transaction of $192,500.00. Following the sale, the insider owned 64,679 shares in the company, valued at $2,490,141.50. This represents a 7.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 20.28% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp boosted its holdings in Central Garden & Pet by 5.9% during the 2nd quarter. State Street Corp now owns 2,207,738 shares of the company’s stock worth $85,594,000 after acquiring an additional 122,327 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Central Garden & Pet by 67.9% in the 1st quarter. Lazard Asset Management LLC now owns 121,655 shares of the company’s stock worth $3,944,000 after acquiring an additional 49,201 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Central Garden & Pet by 5.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,012,360 shares of the company’s stock worth $32,821,000 after acquiring an additional 47,980 shares in the last quarter. OP Asset Management Ltd purchased a new stake in shares of Central Garden & Pet in the first quarter valued at about $1,324,000. Finally, Quantinno Capital Management LP raised its holdings in shares of Central Garden & Pet by 69.7% in the first quarter. Quantinno Capital Management LP now owns 76,990 shares of the company’s stock valued at $2,496,000 after purchasing an additional 31,622 shares during the last quarter. 50.82% of the stock is currently owned by institutional investors.
Central Garden & Pet Stock Performance
Shares of NASDAQ:CENTA opened at $37.10 on Wednesday. Central Garden & Pet has a twelve month low of $27.39 and a twelve month high of $40.79. The firm has a market cap of $2.32 billion, a PE ratio of 13.84 and a beta of 0.63. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.67 and a current ratio of 3.79. The business has a fifty day moving average of $35.88 and a 200-day moving average of $35.99.
Central Garden & Pet (NASDAQ:CENTA – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.03. The company had revenue of $882.36 million for the quarter, compared to analyst estimates of $882.96 million. Central Garden & Pet had a net margin of 5.39% and a return on equity of 11.13%. Central Garden & Pet has set its FY 2026 guidance at 2.850- EPS. On average, equities research analysts predict that Central Garden & Pet will post 2.98 EPS for the current fiscal year.
About Central Garden & Pet
Central Garden & Pet Company is a manufacturer and distributor of products for the pet and garden markets. The company offers supplies for dogs, cats, birds, fish, reptiles and other companion animals, as well as products for lawn and garden care, pest control, wild bird feeding and outdoor living.
Its portfolio includes well-known brands such as Nylabone, Kaytee, Aqueon, Zilla, Four Paws, K&H Pet Products, Pennington, Amdro, Sevin, Lilly Miller, Ironite and Ferry-Morse. Products are sold through mass merchants, warehouse clubs, home improvement stores, specialty retailers, independent retailers and e-commerce channels.
Central Garden & Pet serves customers primarily in the United States and also has operations and sales activities in Canada.
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