Central Garden & Pet Co (CENTA) Receives $41.67 Consensus PT from Analysts

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Shares of Central Garden & Pet Co (NASDAQ:CENTA) have been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $41.67.

Several equities analysts have issued reports on the stock. ValuEngine upgraded shares of Central Garden & Pet from a “strong sell” rating to a “sell” rating in a research note on Monday, April 1st. Zacks Investment Research downgraded Central Garden & Pet from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Finally, TheStreet downgraded Central Garden & Pet from a “b” rating to a “c+” rating in a research report on Friday, February 22nd.

A number of institutional investors and hedge funds have recently bought and sold shares of CENTA. Oppenheimer Asset Management Inc. purchased a new stake in Central Garden & Pet in the 4th quarter valued at $47,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Central Garden & Pet by 30.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,454 shares of the company’s stock valued at $80,000 after purchasing an additional 805 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new position in shares of Central Garden & Pet in the 1st quarter valued at $142,000. QS Investors LLC lifted its stake in shares of Central Garden & Pet by 314.3% in the 4th quarter. QS Investors LLC now owns 5,800 shares of the company’s stock valued at $182,000 after purchasing an additional 4,400 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Central Garden & Pet in the 1st quarter valued at $185,000. Institutional investors own 67.67% of the company’s stock.

Central Garden & Pet stock traded up $0.46 during mid-day trading on Friday, reaching $27.27. The stock had a trading volume of 12,746 shares, compared to its average volume of 308,526. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 3.64 and a beta of 0.13. Central Garden & Pet has a one year low of $23.07 and a one year high of $41.97. The company has a debt-to-equity ratio of 0.69, a current ratio of 4.52 and a quick ratio of 2.79.

Central Garden & Pet (NASDAQ:CENTA) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.05. The company had revenue of $673.70 million for the quarter, compared to analysts’ expectations of $645.58 million. Central Garden & Pet had a net margin of 4.19% and a return on equity of 9.92%. On average, equities analysts expect that Central Garden & Pet will post 1.8 EPS for the current fiscal year.

Central Garden & Pet Company Profile

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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