Shares of Central Garden & Pet (NASDAQ:CENTA – Get Ratings) have received a “moderate buy” consensus recommendation from the six brokerage firms that cover the company, Marketbeat Ratings reports. Two research analysts rated the stock with a hold rating and three gave the company a buy rating. The average annual price target for brokers who published stock reports last year is $49.50.
A number of equity analysts have recently published reports on CENTA stock. JPMorgan Chase & Company raised its price target on Central Gardens & Pets from $37.00 to $40.00, giving it a “neutral” rating in its research notes on Tuesday, Nov. 22. TheStreet lowered Central Garden & Pet’s rating from ‘b’ to ‘c+’ in its research notes on Monday, November 21st. StockNews.com downgraded Central Garden & Pet from ‘Buy’ to ‘Hold’ in its research notes on Wednesday, October 19th. Finally, KeyCorp lowered its price target on Central Garden & Pet from $52.00 to $48.00 and gave the stock an “overweight” rating in its research report on Tuesday, November 22nd.
Central Garden & Pet Price Performance
CENTA shares opened at $37.30 on Thursday. The company has a current ratio of 3.34, a quick ratio of 1.32 and a debt to equity ratio of 0.89. The company has a market capitalization of $2.02 billion, a PE ratio of 13.42 and a beta of 0.65. Central Garden & Pet has a 12-month low of $33.69 and a 12-month high of $46.96. His 50-day moving average price for this business is $37.79 and his 200-day moving average price is $38.25.
Central Gardens & Pets (NASDAQ:CENTA – Get Rating) last reported quarterly earnings data on Monday, November 21. The company reported his earnings per share (EPS) for the quarter ($0.04), but missed his consensus forecast of $0.03 ($0.07). The business generated $707.44 million in revenue for the quarter, compared with analyst estimates of $724.45 million. Central Garden & Pet’s return on equity was 11.68% and net profit margin was 4.56%. On average, sell-side analysts expect Central Garden & Pet to post 2.65 EPS this year.
In other news, insider John D. Walker III sold 3,400 shares of Central Gardens & Pets shares in a transaction that took place 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, insiders now own 88,272 shares of the company’s stock, valued at $3,418,774.56. The transaction was disclosed in SEC filings accessible at this link. The insider owns his 20.28% of the company’s shares.
institution inflow and outflow
Recently, several hedge funds have increased or decreased their stake in the business. Envestnet Asset Management Inc. raised his stake in Central Garden & Pet by 1.6% in the second quarter. Envestnet Asset Management Inc. now owns 15,398 of his shares worth $616,000 after purchasing an additional 249 of his shares last quarter. Legal & General Group Plc increased his position in Central Garden & Pet shares by 0.3% in the second quarter. Legal & General Group Plc owns 119,814 shares of the company worth $4,794,000 after purchasing an additional 363 shares during the previous quarter. Royal Bank of Canada increased its stake in Central Gardens & Pets by 2.5% in the third quarter. Royal Bank of Canada now owns 14,798 shares of the company worth $506,000 after acquiring an additional 365 shares during this period. Price T Rowe Associates Inc. MD increased its stake in Central Garden & Pet by 2.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 19,202 shares of the company stock valued at $768,000 after acquiring an additional 379 shares during this period. Finally, Martingale Asset Management LP increased its stake in Central Garden & Pet by 1.0% in the second quarter. Martingale Asset Management LP now owns 39,074 shares worth $1,565,000 after purchasing an additional 395 shares during the previous quarter. Institutional investors and hedge funds own 69.21% of the company’s shares.
Central Garden & Pet Company Profile
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, outdoor cushions and more.
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