KeyCorp Comments on Central Garden & Pet’s Q1 2023 Earnings (NASDAQ:CENTA)

Central Garden & Pet (NASDAQ:CENTAGet Rating) – Research analysts at KeyCorp issued their Q1 2023 earnings per share (EPS) estimates for Central Garden & Pet in a research report issued to clients and investors on Monday, November 21st. KeyCorp analyst B. Thomas anticipates that the company will earn ($0.16) per share for the quarter. KeyCorp currently has a “Overweight” rating and a $48.00 price objective on the stock. The consensus estimate for Central Garden & Pet’s current full-year earnings is $2.63 per share. KeyCorp also issued estimates for Central Garden & Pet’s FY2024 earnings at $2.85 EPS.

A number of other equities research analysts have also issued reports on CENTA. JPMorgan Chase & Co. upped their price target on Central Garden & Pet from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday. TheStreet lowered Central Garden & Pet from a “b” rating to a “c+” rating in a research report on Monday. StockNews.com lowered Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 19th. Truist Financial lowered their price objective on Central Garden & Pet from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, August 8th. Finally, CJS Securities assumed coverage on Central Garden & Pet in a research report on Thursday, August 25th. They issued an “outperform” rating and a $50.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.50.

Central Garden & Pet Price Performance

CENTA stock opened at $38.01 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.34 and a quick ratio of 1.45. The business has a 50 day simple moving average of $37.30 and a 200-day simple moving average of $39.30. The firm has a market capitalization of $2.07 billion, a PE ratio of 13.67 and a beta of 0.64. Central Garden & Pet has a 1 year low of $33.69 and a 1 year high of $48.67.

Institutional Trading of Central Garden & Pet

A number of hedge funds and other institutional investors have recently bought and sold shares of CENTA. SG Americas Securities LLC raised its stake in Central Garden & Pet by 151.9% in the first quarter. SG Americas Securities LLC now owns 7,241 shares of the company’s stock valued at $295,000 after buying an additional 4,366 shares in the last quarter. Victory Capital Management Inc. raised its stake in Central Garden & Pet by 3,349.5% in the first quarter. Victory Capital Management Inc. now owns 866,660 shares of the company’s stock valued at $35,360,000 after buying an additional 841,536 shares in the last quarter. Advisor Group Holdings Inc. grew its holdings in shares of Central Garden & Pet by 20.3% during the first quarter. Advisor Group Holdings Inc. now owns 2,076 shares of the company’s stock worth $1,092,000 after purchasing an additional 350 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Central Garden & Pet by 36.5% during the first quarter. New York State Common Retirement Fund now owns 54,229 shares of the company’s stock worth $2,211,000 after purchasing an additional 14,488 shares during the last quarter. Finally, KBC Group NV purchased a new position in shares of Central Garden & Pet during the first quarter worth about $145,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

About Central Garden & Pet

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Central Garden & Pet Company produces and distributes various 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 provides dog and cat supplies, such as dog treats and chews, toys, pet beds and grooming products, waste management and training pads, and pet containment; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; 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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Earnings History and Estimates for Central Garden & Pet (NASDAQ:CENTA)

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