Central Garden & Pet Company $CENTA Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its position in Central Garden & Pet Company (NASDAQ:CENTA) by 5.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,012,360 shares of the company’s stock after buying an additional 47,980 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Central Garden & Pet were worth $32,821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of CENTA. Aster Capital Management DIFC Ltd purchased a new position in shares of Central Garden & Pet during the fourth quarter worth approximately $25,000. Advisory Services Network LLC acquired a new position in shares of Central Garden & Pet in the 3rd quarter valued at $29,000. EverSource Wealth Advisors LLC increased its holdings in shares of Central Garden & Pet by 444.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,001 shares of the company’s stock valued at $31,000 after acquiring an additional 817 shares during the period. IFP Advisors Inc raised its position in Central Garden & Pet by 198.4% in the 4th quarter. IFP Advisors Inc now owns 1,131 shares of the company’s stock valued at $33,000 after purchasing an additional 752 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in Central Garden & Pet by 577.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,654 shares of the company’s stock valued at $48,000 after purchasing an additional 1,410 shares during the last quarter. 50.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on CENTA. Canaccord Genuity Group lowered their price objective on shares of Central Garden & Pet from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. Zacks Research lowered shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. upped their target price on shares of Central Garden & Pet from $32.00 to $37.00 and gave the company an “underweight” rating in a report on Thursday, July 16th. Wall Street Zen upgraded shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings raised Central Garden & Pet from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Central Garden & Pet has an average rating of “Moderate Buy” and an average target price of $46.67.

Central Garden & Pet Price Performance

Central Garden & Pet stock opened at $37.91 on Friday. Central Garden & Pet Company has a 12 month low of $25.97 and a 12 month high of $39.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.45 and a quick ratio of 2.16. The business has a 50 day simple moving average of $37.25 and a 200-day simple moving average of $34.34. The stock has a market capitalization of $2.37 billion, a PE ratio of 13.79 and a beta of 0.57.

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

About Central Garden & Pet

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.