Central Garden & Pet Co (NASDAQ:CENTA) Given Average Recommendation of “Hold” by Brokerages

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Central Garden & Pet Co (NASDAQ:CENTA) has earned a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $39.50.

A number of brokerages recently commented on CENTA. BidaskClub raised Central Garden & Pet from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $36.00 target price (down from $44.00) on shares of Central Garden & Pet in a report on Friday, August 2nd. Zacks Investment Research raised Central Garden & Pet from a “sell” rating to a “hold” rating in a report on Tuesday, August 20th. Finally, KeyCorp decreased their target price on Central Garden & Pet from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd.

A number of hedge funds have recently modified their holdings of CENTA. Two Sigma Advisers LP raised its stake in shares of Central Garden & Pet by 54.7% during the 4th quarter. Two Sigma Advisers LP now owns 10,173 shares of the company’s stock worth $318,000 after purchasing an additional 3,595 shares in the last quarter. Norges Bank bought a new stake in shares of Central Garden & Pet during the 4th quarter worth approximately $14,966,000. Geode Capital Management LLC raised its stake in shares of Central Garden & Pet by 10.0% during the 4th quarter. Geode Capital Management LLC now owns 552,672 shares of the company’s stock worth $17,271,000 after purchasing an additional 50,265 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Central Garden & Pet during the 1st quarter worth approximately $227,000. Finally, Strs Ohio raised its stake in shares of Central Garden & Pet by 7.7% during the 1st quarter. Strs Ohio now owns 140,000 shares of the company’s stock worth $3,255,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 66.28% of the company’s stock.

Shares of Central Garden & Pet stock opened at $22.81 on Tuesday. Central Garden & Pet has a one year low of $20.50 and a one year high of $38.03. The stock’s fifty day moving average is $24.08 and its 200 day moving average is $25.44. The stock has a market cap of $1.34 billion, a P/E ratio of 11.94, a P/E/G ratio of 2.40 and a beta of 0.04. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.17 and a current ratio of 4.84.

Central Garden & Pet (NASDAQ:CENTA) last announced its earnings results on Thursday, August 1st. The company reported $0.80 EPS for the quarter, missing the Zacks’ 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 company had revenue of $706.58 million during the quarter, compared to the consensus estimate of $689.17 million. Analysts predict that Central Garden & Pet will post 1.73 EPS for the current year.

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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