Hillsdale Investment Management Inc. Increases Stock Position in Central Garden & Pet Company $CENTA

Hillsdale Investment Management Inc. raised its position in Central Garden & Pet Company (NASDAQ:CENTA) by 8.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 228,500 shares of the company’s stock after acquiring an additional 17,100 shares during the quarter. Hillsdale Investment Management Inc. owned approximately 0.37% of Central Garden & Pet worth $7,408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new stake in shares of Central Garden & Pet in the 4th quarter worth approximately $25,000. Advisory Services Network LLC purchased a new stake in Central Garden & Pet in the third quarter worth $29,000. EverSource Wealth Advisors LLC lifted its stake in Central Garden & Pet by 444.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,001 shares of the company’s stock worth $31,000 after acquiring an additional 817 shares during the period. IFP Advisors Inc lifted its stake in Central Garden & Pet by 198.4% in the fourth quarter. IFP Advisors Inc now owns 1,131 shares of the company’s stock worth $33,000 after acquiring an additional 752 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in Central Garden & Pet by 577.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,654 shares of the company’s stock valued at $48,000 after acquiring an additional 1,410 shares in the last quarter. 50.82% of the stock is owned by institutional investors.

Central Garden & Pet Stock Up 0.3%

Shares of NASDAQ:CENTA opened at $37.63 on Tuesday. The stock has a fifty day simple moving average of $36.12 and a two-hundred day simple moving average of $33.50. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 13.68 and a beta of 0.57. Central Garden & Pet Company has a 12-month low of $25.97 and a 12-month high of $39.99. The company has a current ratio of 3.45, a quick ratio of 2.16 and a debt-to-equity ratio of 0.72.

Central Garden & Pet (NASDAQ:CENTA) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.21. The company had revenue of $906.15 million for the quarter, compared to analysts’ expectations of $846.58 million. Central Garden & Pet had a net margin of 5.42% and a return on equity of 11.55%. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. On average, research analysts anticipate that Central Garden & Pet Company will post 2.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CENTA has been the subject of several research analyst reports. Wall Street Zen raised shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Zacks Research upgraded Central Garden & Pet from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of Central Garden & Pet in a research report on Tuesday, July 7th. Canaccord Genuity Group decreased their target price on Central Garden & Pet from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Wednesday, June 17th. Finally, JPMorgan Chase & Co. lowered their price objective on Central Garden & Pet from $33.00 to $32.00 and set an “underweight” rating for the company in a research report on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $45.00.

Central Garden & Pet Company Profile

Central Garden & Pet Co is a leading producer, marketer and distributor of branded consumable gardening products and pet supplies in North America. Headquartered in Walnut Creek, California, the company serves both retail and wholesale customers through a network of distribution centers across the United States and Canada. Operating under the ticker symbol CENTA on the NASDAQ exchange, Central Garden & Pet has been publicly traded since 2003.

The company’s Garden segment offers a broad portfolio of lawn and garden care solutions, including fertilizers, weed and pest control products, soil and mulch, and plant care accessories.