Central Gardens & Pets (NASDAQ:CENT – Get Rating) released an update on its fiscal 2023 earnings outlook on Thursday morning. The company offered his EPS guidance of $2.80 from $2.60, compared to a consensus EPS estimate of $2.93. The company announced earnings guidance for -.
Central Garden & Pet Price Performance
Shares of Central Gardens & Pets opened Thursday at $37.94. The company has a debt to equity ratio of 0.89, a current ratio of 3.34 and a quick ratio of 1.32. His 50-day simple moving average for this business is $40.24 and his 200-day simple moving average is $41.02. The stock has a market cap of $2.05 billion, a P/E of 13.65 and a beta of 0.62. Central Garden & Pet has a one-year low of $35.61 and a one-year high of $53.40.
Central Garden & Pet (NASDAQ:CENT – Get Rating) last reported quarterly results on Monday, November 21. The company reported EPS for the quarter ($0.04), missing analyst consensus expectations of $0.03 ($0.07). The company’s revenue for the quarter was $707.44 million, compared with analysts’ expectations of $724.45 million. Central Garden & Pet’s return on equity was 11.68% and net profit margin was 4.56%. Analysts expect Central Garden & Pet to have an EPS of 2.65 this year.
Analyst upgrades and downgrades
Recently, a number of equity research analysts have focused on the CENT stock. TheStreet downgraded Central Garden & Pet from a b- rating to a c+ rating in its research report on Friday, December 9th. CJS Securities began covering Central Gardens & Pets in his research report on Thursday, August 25th. They issued an above-market valuation and a $50.00 stock price target.
Insider Activities at Central Gardens & Pets
In related news, insider John D. Walker III sold 3,400 shares of Central Gardens & Pets shares in a transaction that took place on Thursday, December 1st. The shares sold for an average of $38.73 and the total trading value he had was $131,682.00. After the sale, the insider now directly owns his 88,272 shares in the company, worth his $3,418,774.56. The transaction was disclosed in filings with the Securities and Exchange Commission and is available on his website at the SEC. His 8.80% of the shares are now owned by corporate insiders.
Institutional investors consider central gardens and pets
Recently, several hedge funds have changed their CENT positions. Vanguard Group Inc. boosted his position in Central Garden & Pet stock by 4.0% in the first quarter. Vanguard Group Inc. now owns 1,416,522 shares worth $62,270,000 after purchasing an additional 54,065 of his shares last quarter. Goldman Sachs Group Inc. increased its Central Garden & Pet holdings by 471.9% in the first quarter. Goldman Sachs Group Inc. now owns 37,401 shares of the company, valued at $1,644,000, after acquiring an additional 30,861 shares in the previous quarter. Price T Rowe Associates Inc. MD purchased new shares of Central Garden & Pet for $876,000 in the third quarter. BNP Paribas Arbitrage SNC increased its Central Gardens & Pets holdings by 688.7% in the third quarter. BNP Paribas Arbitrage SNC now owns 25,223 shares valued at $872,000 after acquiring an additional 22,025 shares in the previous quarter. Finally, Citadel Advisors LLC increased its Central Garden & Pet holding by 112.1% in the third quarter. Citadel Advisors LLC now owns 28,610 shares worth $1,031,000 after acquiring an additional 15,122 shares in the previous quarter. Currently 18.08% of the shares are owned by institutional investors.
About Central Garden & Pet
Central Garden & Pet Company manufactures and distributes a variety of products for the US lawn, garden and pet supplies market. Pets and Gardens He operates in two segments. The Pet Division offers dog and cat supplies, including dog treats and chews, toys, pet beds and grooming products, waste management and training pads, and pet containment. Supplies for aquatic animals, small animals, reptiles, and pet birds. Includes toys, cages and habitats, bedding, food and supplements. Animal and household health and insect control products. Live fish and products for fish, reptiles and other aquarium-based pets (aquariums, furniture, lighting fixtures, pumps, filters, water conditioners, foods, supplements, etc.). Products for horses and livestock, cushions and pillows for outdoor use.
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