Central Garden & Pet Co (NASDAQ:CENTA) Receives $36.25 Average Target Price from Analysts

Shares of Central Garden & Pet Co (NASDAQ:CENTA) have earned a consensus rating of “Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $36.25.

A number of brokerages have weighed in on CENTA. Monness Crespi & Hardt reiterated a “buy” rating and issued a $36.00 price objective (down previously from $44.00) on shares of Central Garden & Pet in a research note on Friday, August 2nd. KeyCorp reduced their price objective on Central Garden & Pet from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. BidaskClub upgraded Central Garden & Pet from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. Zacks Investment Research upgraded Central Garden & Pet from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Tuesday, October 8th. Finally, ValuEngine upgraded Central Garden & Pet from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

A number of hedge funds and other institutional investors have recently modified their holdings of CENTA. Geode Capital Management LLC lifted its stake in Central Garden & Pet by 10.0% in the fourth quarter. Geode Capital Management LLC now owns 552,672 shares of the company’s stock valued at $17,271,000 after buying an additional 50,265 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Central Garden & Pet by 6.2% during the first quarter. Great West Life Assurance Co. Can now owns 57,551 shares of the company’s stock worth $1,336,000 after purchasing an additional 3,350 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Central Garden & Pet by 30.9% during the first quarter. Wells Fargo & Company MN now owns 1,279,096 shares of the company’s stock worth $29,739,000 after purchasing an additional 301,891 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new stake in shares of Central Garden & Pet during the first quarter worth approximately $142,000. Finally, AlphaCrest Capital Management LLC purchased a new stake in shares of Central Garden & Pet during the first quarter worth approximately $405,000. Institutional investors own 67.14% of the company’s stock.

CENTA stock traded down $0.37 during trading on Wednesday, hitting $26.71. 20,243 shares of the company’s stock were exchanged, compared to its average volume of 267,460. The business has a 50-day moving average price of $25.92 and a two-hundred day moving average price of $25.06. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 2.49 and a beta of 0.09. Central Garden & Pet has a 52-week low of $20.50 and a 52-week high of $36.92. The company has a current ratio of 4.84, a quick ratio of 3.17 and a debt-to-equity ratio of 0.67.

Central Garden & Pet (NASDAQ:CENTA) last posted its earnings results on Thursday, August 1st. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.06). Central Garden & Pet had a return on equity of 9.66% and a net margin of 4.30%. The business had revenue of $706.58 million for the quarter, compared to analysts’ expectations of $689.17 million. On average, equities research analysts anticipate that Central Garden & Pet will post 1.73 earnings per share 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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