Central Garden & Pet Company (CENT) Receives Average Recommendation of “Hold” from Brokerages

Central Garden & Pet Company (NASDAQ:CENT) has earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $41.00.

A number of research firms have weighed in on CENT. KeyCorp restated a “hold” rating on shares of Central Garden & Pet in a research report on Wednesday, September 6th. BidaskClub upgraded Central Garden & Pet from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research downgraded Central Garden & Pet from a “hold” rating to a “sell” rating in a research report on Wednesday, November 29th. Oppenheimer restated a “hold” rating on shares of Central Garden & Pet in a research report on Wednesday, November 29th. Finally, Sidoti downgraded Central Garden & Pet from a “buy” rating to a “neutral” rating in a research report on Monday, October 16th.

Shares of Central Garden & Pet (CENT) opened at $39.61 on Monday. Central Garden & Pet has a 12-month low of $28.83 and a 12-month high of $40.48. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.37 and a current ratio of 3.10. The firm has a market capitalization of $2,050.77, a PE ratio of 26.58, a price-to-earnings-growth ratio of 2.39 and a beta of 0.03.

Central Garden & Pet (NASDAQ:CENT) last released its quarterly earnings results on Tuesday, November 28th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). Central Garden & Pet had a net margin of 3.84% and a return on equity of 12.81%. The firm had revenue of $490.46 million for the quarter, compared to analysts’ expectations of $439.07 million. During the same quarter in the previous year, the business earned $0.13 EPS. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. equities research analysts forecast that Central Garden & Pet will post 1.66 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its holdings in shares of Central Garden & Pet by 20.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,136 shares of the company’s stock worth $100,000 after buying an additional 537 shares during the period. Sei Investments Co. increased its holdings in shares of Central Garden & Pet by 8.9% in the second quarter. Sei Investments Co. now owns 4,633 shares of the company’s stock worth $148,000 after buying an additional 380 shares during the period. Municipal Employees Retirement System of Michigan increased its holdings in shares of Central Garden & Pet by 58.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,830 shares of the company’s stock worth $149,000 after buying an additional 1,420 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Central Garden & Pet by 104.6% in the third quarter. Envestnet Asset Management Inc. now owns 4,273 shares of the company’s stock worth $166,000 after buying an additional 2,185 shares during the period. Finally, Alliancebernstein L.P. purchased a new position in shares of Central Garden & Pet in the first quarter worth about $222,000. Hedge funds and other institutional investors own 20.05% of the company’s stock.

WARNING: “Central Garden & Pet Company (CENT) Receives Average Recommendation of “Hold” from Brokerages” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/12/04/central-garden-pet-company-cent-receives-average-recommendation-of-hold-from-brokerages.html.

Central Garden & Pet Company Profile

Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Pet segment and the Garden segment. It is a marketer and producer of pet supplies in the United States.

Analyst Recommendations for Central Garden & Pet (NASDAQ:CENT)

Receive News & Ratings for Central Garden & Pet Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Garden & Pet Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply