Shares of Central Garden & Pet (NASDAQ:CENT - Get Free Report) have received an average recommendation of "Buy" from the five ratings firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $46.75.
A number of research firms have recently commented on CENT. Truist Financial lowered their target price on Central Garden & Pet from $50.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. Canaccord Genuity Group lowered their price objective on Central Garden & Pet from $48.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, November 26th.
Read Our Latest Research Report on CENT
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its holdings in shares of Central Garden & Pet by 693.6% during the fourth quarter. Versant Capital Management Inc now owns 1,246 shares of the company's stock valued at $48,000 after acquiring an additional 1,089 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Central Garden & Pet during the 2nd quarter valued at about $51,000. Glenmede Trust Co. NA increased its stake in Central Garden & Pet by 23.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,101 shares of the company's stock valued at $77,000 after purchasing an additional 395 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Central Garden & Pet in the second quarter worth about $113,000. Finally, SG Americas Securities LLC bought a new position in shares of Central Garden & Pet in the third quarter worth approximately $111,000. Institutional investors own 16.13% of the company's stock.
NASDAQ:CENT opened at $35.80 on Wednesday. The company has a quick ratio of 2.19, a current ratio of 3.66 and a debt-to-equity ratio of 0.76. Central Garden & Pet has a twelve month low of $32.17 and a twelve month high of $47.48. The stock has a market cap of $2.35 billion, a P/E ratio of 22.13 and a beta of 0.79. The firm's fifty day simple moving average is $38.66 and its 200 day simple moving average is $37.94.
Central Garden & Pet (NASDAQ:CENT - Get Free Report) last announced its quarterly earnings results on Monday, November 25th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.04. Central Garden & Pet had a net margin of 3.37% and a return on equity of 9.31%. The company had revenue of $669.49 million for the quarter, compared to analysts' expectations of $707.83 million. The business's quarterly revenue was down 10.8% compared to the same quarter last year. As a group, research analysts predict that Central Garden & Pet will post 2.22 EPS for the current year.
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 containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.
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