Central Garden & Pet (NASDAQ:CENTA) Downgraded to Sell at BidaskClub

BidaskClub cut shares of Central Garden & Pet (NASDAQ:CENTA) from a hold rating to a sell rating in a report published on Thursday morning, BidAskClub reports.

Other research analysts have also recently issued research reports about the stock. TheStreet cut shares of Central Garden & Pet from a b rating to a c+ rating in a report on Friday, February 22nd. Zacks Investment Research upgraded shares of Central Garden & Pet from a sell rating to a hold rating in a report on Tuesday, April 9th. Finally, ValuEngine upgraded shares of Central Garden & Pet from a strong sell rating to a sell rating in a report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $41.25.

NASDAQ CENTA traded down $0.04 on Thursday, reaching $25.57. 520 shares of the company’s stock traded hands, compared to its average volume of 232,027. Central Garden & Pet has a 12 month low of $23.07 and a 12 month 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. The stock has a market capitalization of $1.47 billion, a P/E ratio of 13.41, a PEG ratio of 3.48 and a beta of 0.11.

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

A number of hedge funds have recently made changes to their positions in the stock. Mason Street Advisors LLC lifted its stake in Central Garden & Pet by 3.7% in the first quarter. Mason Street Advisors LLC now owns 13,176 shares of the company’s stock worth $306,000 after acquiring an additional 464 shares during the period. Comerica Bank lifted its position in Central Garden & Pet by 1.2% during the first quarter. Comerica Bank now owns 42,427 shares of the company’s stock valued at $1,013,000 after buying an additional 486 shares during the period. Victory Capital Management Inc. lifted its position in Central Garden & Pet by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 15,305 shares of the company’s stock valued at $478,000 after buying an additional 598 shares during the period. Piedmont Investment Advisors Inc. lifted its position in Central Garden & Pet by 6.2% during the first quarter. Piedmont Investment Advisors Inc. now owns 10,339 shares of the company’s stock valued at $240,000 after buying an additional 606 shares during the period. Finally, Systematic Financial Management LP lifted its position in Central Garden & Pet by 2.3% during the first quarter. Systematic Financial Management LP now owns 28,345 shares of the company’s stock valued at $659,000 after buying an additional 627 shares during the period. 66.52% of the stock is owned by institutional investors.

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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