Central Garden & Pet Co (NASDAQ:CENTA) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $34.00.
A number of research firms recently weighed in on CENTA. Zacks Investment Research cut Central Garden & Pet from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 28th. BidaskClub raised Central Garden & Pet from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. ValuEngine upgraded shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research report on Friday. KeyCorp cut their price target on shares of Central Garden & Pet from $36.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Finally, Bank of America lowered Central Garden & Pet from a “buy” rating to a “neutral” rating in a report on Wednesday, November 27th.
A number of large investors have recently bought and sold shares of CENTA. Millennium Management LLC grew its stake in shares of Central Garden & Pet by 2,457.1% in the third quarter. Millennium Management LLC now owns 255,097 shares of the company’s stock valued at $7,072,000 after buying an additional 245,121 shares in the last quarter. GW&K Investment Management LLC lifted its stake in shares of Central Garden & Pet by 28.9% during the 3rd quarter. GW&K Investment Management LLC now owns 1,019,531 shares of the company’s stock worth $28,266,000 after purchasing an additional 228,320 shares during the period. Nuveen Asset Management LLC purchased a new stake in shares of Central Garden & Pet during the 2nd quarter valued at $5,016,000. Mackay Shields LLC acquired a new stake in shares of Central Garden & Pet in the third quarter worth $3,793,000. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of Central Garden & Pet by 36.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 478,010 shares of the company’s stock worth $11,779,000 after purchasing an additional 128,216 shares in the last quarter. Institutional investors own 64.07% of the company’s stock.
Shares of CENTA traded up $0.65 during mid-day trading on Thursday, hitting $26.02. The company’s stock had a trading volume of 18,414 shares, compared to its average volume of 266,719. The company has a debt-to-equity ratio of 0.70, a current ratio of 4.69 and a quick ratio of 3.02. The firm has a 50-day moving average price of $28.11 and a 200 day moving average price of $26.04. Central Garden & Pet has a fifty-two week low of $20.50 and a fifty-two week high of $36.92. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 2.17 and a beta of 0.05.
Central Garden & Pet (NASDAQ:CENTA) last released its quarterly earnings results on Tuesday, November 26th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.13). Central Garden & Pet had a net margin of 3.89% and a return on equity of 9.26%. The firm had revenue of $540.74 million for the quarter, compared to analyst estimates of $518.20 million. As a group, equities analysts anticipate that Central Garden & Pet will post 1.61 EPS for the current fiscal year.
About Central Garden & Pet
Central Garden & Pet Company, together with its subsidiaries, produces and distributes products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments, Pet and Garden. The Pet segment supplies products for dogs and cats, including edible bones, edible and non-edible chews, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as food, cages and habitats, toys, chews, and related accessories.
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