Central Garden & Pet (NASDAQ:CENTA) Issues FY 2025 Earnings Guidance

Central Garden & Pet (NASDAQ:CENTA - Get Free Report) updated its FY 2025 earnings guidance on Friday. The company provided EPS guidance of 2.600-2.600 for the period, compared to the consensus EPS estimate of 2.434. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised Central Garden & Pet from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. JPMorgan Chase & Co. cut their target price on Central Garden & Pet from $34.00 to $31.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Truist Financial reissued a "hold" rating and set a $35.00 target price (down from $40.00) on shares of Central Garden & Pet in a research note on Wednesday, April 30th.

Central Garden & Pet Trading Up 10.6%

Shares of CENTA stock traded up $3.43 during mid-day trading on Friday, hitting $35.75. 654,729 shares of the company's stock were exchanged, compared to its average volume of 336,313. Central Garden & Pet has a fifty-two week low of $27.70 and a fifty-two week high of $37.31. The stock has a 50-day simple moving average of $31.53 and a two-hundred day simple moving average of $31.61. The company has a quick ratio of 1.93, a current ratio of 3.31 and a debt-to-equity ratio of 0.77. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 19.12 and a beta of 0.66.

Central Garden & Pet (NASDAQ:CENTA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.10. Central Garden & Pet had a return on equity of 10.14% and a net margin of 3.90%. The firm had revenue of $833.54 million for the quarter, compared to analysts' expectations of $876.36 million. Equities analysts expect that Central Garden & Pet will post 2.38 EPS for the current fiscal year.

Insider Buying and Selling

In other Central Garden & Pet news, Chairman William E. Brown sold 60,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $32.39, for a total value of $1,943,400.00. Following the transaction, the chairman directly owned 1,070,365 shares of the company's stock, valued at $34,669,122.35. This trade represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 107,800 shares of company stock valued at $3,490,112 over the last 90 days. Company insiders own 20.28% of the company's stock.

Institutional Trading of Central Garden & Pet

A number of hedge funds and other institutional investors have recently modified their holdings of CENTA. Goldman Sachs Group Inc. increased its holdings in Central Garden & Pet by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 263,518 shares of the company's stock valued at $8,625,000 after buying an additional 12,749 shares during the last quarter. Millennium Management LLC increased its holdings in Central Garden & Pet by 179.2% in the first quarter. Millennium Management LLC now owns 180,907 shares of the company's stock valued at $5,921,000 after buying an additional 116,101 shares during the last quarter. Jane Street Group LLC increased its holdings in Central Garden & Pet by 435.0% in the first quarter. Jane Street Group LLC now owns 141,880 shares of the company's stock valued at $4,644,000 after buying an additional 115,359 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Central Garden & Pet by 1.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,003 shares of the company's stock valued at $3,699,000 after buying an additional 1,836 shares during the last quarter. Finally, Intech Investment Management LLC increased its holdings in Central Garden & Pet by 14.3% in the first quarter. Intech Investment Management LLC now owns 50,547 shares of the company's stock valued at $1,654,000 after buying an additional 6,326 shares during the last quarter. 50.82% of the stock is owned by hedge funds and other institutional investors.

About Central Garden & Pet

Central Garden & Pet Co engages in the production and distribution of branded and private label products for the lawn, garden, and pet supplies markets. It operates through the Pet and Garden segments. The Pet segment focuses on dog and cat supplies such as dog treats and chews, toys, pet beds and containment, grooming products, waste management and training pads, supplies for aquatics, small animals, reptiles and pet birds including toys, cages and habitats, bedding, food and supplements, products for equine and livestock, animal and household health and insect control products, live fish, and small animals, as well as outdoor cushions.