Shares of Central Garden & Pet (NASDAQ: CENTA) have received a consensus recommendation to “Buy” from the six analysts who currently cover the company, Marketbeat reports. Two investment analysts rated the stock with a keep recommendation and four issued a buy recommendation on the company. The 1-year average price target among brokers who reported on the stock in the past year is $ 60.80.
CENTA has been the subject of several recent analyst reports. Zacks investment research downgraded Central Garden & Pet from a “strong buy” rating to a “conservation” rating in a research note on Tuesday, May 25. Monness Crespi & Hardt raised its price target for Central Garden & Pet shares from $ 47.00 to $ 59.00 and gave the company a “buy” rating in a research note on Tuesday, April 13 . They noted that the move was an appraisal call. KeyCorp raised its price target for the Central Garden & Pet stock from $ 57.00 to $ 62.00 and rated the stock “overweight” in a research note on Thursday, May 6. JPMorgan Chase & Co. raised its price target on Central Garden & Pet from $ 45 to $ 53.00 and gave the company a “neutral” rating in a research report on Friday, April 16. Finally, Truist Securities began covering Central Garden & Pet in a report on Monday, May 10. They issued a “buy” note and a target price of $ 65.00 on the stock.
Actions of NASDAQ CENTA traded down $ 0.05 during Friday’s midday session, reaching $ 50.67. The stock had a trade volume of 376 shares, compared to its average volume of 216,725. The company has a market cap of $ 2.82 billion, a P / E ratio of 17.24 and a beta of 0 , 64. Central Garden & Pet has a 12 month low of $ 30.90 and a 12 month high of $ 55.82. The company’s 50-day simple moving average is $ 51.60. The company has a leverage ratio of 0.84, a current ratio of 2.62 and a quick ratio of 1.37.
Central Garden & Pet (NASDAQ: CENTA) last released its quarterly results on Wednesday, May 5. The company reported earnings per share (EPS) of $ 1.32 for the quarter, beating the Zacks’ consensus estimate of $ 1.08 by $ 0.24. Central Garden & Pet recorded a return on equity of 15.85% and a net margin of 5.30%. The company posted revenue of $ 935.25 million in the quarter, compared to analysts’ estimates of $ 874.81 million. Sell-side analysts predict that Central Garden & Pet will post earnings per share of 2.6 for the current fiscal year.
Hedge funds recently changed their positions in the title. BlackRock Inc. increased its stake in Central Garden & Pet by 11.1% in the 1st quarter. BlackRock Inc. now owns 6,835,017 shares of the company valued at $ 354,670,000 after purchasing an additional 680,119 shares during the last quarter. Wells Fargo & Company MN increased its stake in Central Garden & Pet by 0.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,346,012 shares of the company valued at $ 48,901,000 after purchasing an additional 8,339 shares during the period. LSV Asset Management increased its stake in Central Garden & Pet shares by 6.5% during the first quarter. LSV Asset Management now owns 1,175,616 shares of the company valued at $ 61,002,000 after purchasing an additional 72,000 shares during the last quarter. Armistice Capital LLC increased its stake in Central Garden & Pet by 9.5% in the 4th quarter. Armistice Capital LLC now owns 1,064,000 shares of the company valued at $ 38,655,000 after acquiring an additional 92,000 shares during the last quarter. Finally, Investment Counselors of Maryland LLC increased its stake in Central Garden & Pet by 3.5% in the 1st quarter. Investment Counselors of Maryland LLC now owns 763,405 shares of the company valued at $ 39,613,000 after acquiring an additional 25,636 shares during the last quarter. Hedge funds and other institutional investors hold 65.12% of the company’s shares.
Central Garden & Pet Company Profile
Central Garden & Pet Company manufactures and distributes a variety of products for the lawn and garden and pet supply markets in the United States. It provides pet products including edible chews and treats, dog chew toys, dog toys, natural dog treats and chews, chews and solutions. pet dental, dog training pads, pet containment devices, grooming supplies and other accessories; specialized bird, small animal and pet products including food, cages and habitats, toys, chews and related accessories; animal and household health and insect control products; live fish and products for fish, reptiles and other pets living in aquariums, such as aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food and supplements; and products for horses and cattle, as well as outdoor cushions and pillows.
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