Shares of Central Garden & Pet (NASDAQ:CENTA) have been assigned a consensus recommendation of "Buy" from the six analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $60.80.
CENTA has been the subject of several recent analyst reports. Zacks Investment Research downgraded Central Garden & Pet from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 25th. Monness Crespi & Hardt raised their target price on shares of Central Garden & Pet from $47.00 to $59.00 and gave the company a "buy" rating in a research note on Tuesday, April 13th. They noted that the move was a valuation call. KeyCorp boosted their price target on shares of Central Garden & Pet from $57.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, May 6th. JPMorgan Chase & Co. raised their price objective on Central Garden & Pet from $45.00 to $53.00 and gave the company a "neutral" rating in a research report on Friday, April 16th. Finally, Truist Securities began coverage on Central Garden & Pet in a report on Monday, May 10th. They issued a "buy" rating and a $65.00 target price on the stock.
Shares of NASDAQ CENTA traded down $0.05 during midday trading on Friday, reaching $50.67. The stock had a trading volume of 376 shares, compared to its average volume of 216,725. The company has a market cap of $2.82 billion, a P/E ratio of 17.24 and a beta of 0.64. Central Garden & Pet has a 12-month low of $30.90 and a 12-month high of $55.82. The business's 50-day simple moving average is $51.60. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.62 and a quick ratio of 1.37.
Central Garden & Pet (NASDAQ:CENTA) last issued its quarterly earnings results on Wednesday, May 5th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.08 by $0.24. Central Garden & Pet had a return on equity of 15.85% and a net margin of 5.30%. The business had revenue of $935.25 million during the quarter, compared to analyst estimates of $874.81 million. Sell-side analysts predict that Central Garden & Pet will post 2.6 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Central Garden & Pet by 11.1% in the 1st quarter. BlackRock Inc. now owns 6,835,017 shares of the company's stock worth $354,670,000 after purchasing an additional 680,119 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Central Garden & Pet by 0.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,346,012 shares of the company's stock worth $48,901,000 after buying an additional 8,339 shares during the period. LSV Asset Management grew its holdings in shares of Central Garden & Pet by 6.5% during the first quarter. LSV Asset Management now owns 1,175,616 shares of the company's stock valued at $61,002,000 after buying an additional 72,000 shares during the last quarter. Armistice Capital LLC raised its stake in Central Garden & Pet by 9.5% in the 4th quarter. Armistice Capital LLC now owns 1,064,000 shares of the company's stock worth $38,655,000 after acquiring an additional 92,000 shares during the last quarter. Finally, Investment Counselors of Maryland LLC raised its stake in Central Garden & Pet by 3.5% in the 1st quarter. Investment Counselors of Maryland LLC now owns 763,405 shares of the company's stock worth $39,613,000 after acquiring an additional 25,636 shares during the last quarter. Hedge funds and other institutional investors own 65.12% of the company's stock.
Central Garden & Pet Company Profile
Central Garden & Pet Company produces and distributes various products for the lawn and garden, and pet supplies markets in the United States. It provides pet supplies products, including edible chews and treats, dog chew toys, dog play toys, natural dog treats and chews, pet dental chews and solutions, dog training pads, pet containment, grooming supplies, and other accessories; products for birds, small animals, and specialty pets comprising food, cages and habitats, toys, chews, and related accessories; animal and household health and insect control products; live fish and products for fish, reptiles, and other aquarium-based pets, such as aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food, and supplements; and products for horses and livestock, as well as outdoor cushions and pillows.
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