Equities researchers at CL King initiated coverage on shares of Central Garden & Pet (NASDAQ:CENT) in a note issued to investors on Thursday, The Fly reports. The brokerage set a “buy” rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. BidaskClub raised shares of Central Garden & Pet from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. KeyCorp reaffirmed a “hold” rating on shares of Central Garden & Pet in a research note on Monday, October 16th. Sidoti cut shares of Central Garden & Pet from a “buy” rating to a “neutral” rating in a research note on Monday, October 16th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Central Garden & Pet in a research note on Wednesday, November 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.00.

Shares of Central Garden & Pet (NASDAQ CENT) traded down $0.02 during trading on Thursday, hitting $41.16. 73,600 shares of the stock were exchanged, compared to its average volume of 101,883. Central Garden & Pet has a 12 month low of $29.08 and a 12 month high of $42.29. The stock has a market cap of $2,132.05, a PE ratio of 27.64, a price-to-earnings-growth ratio of 2.48 and a beta of 0.03. The company has a quick ratio of 1.37, a current ratio of 3.10 and a debt-to-equity ratio of 0.62.

Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings data on Tuesday, November 28th. The company reported $0.08 earnings per share (EPS) 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 business had revenue of $490.46 million during the quarter, compared to analysts’ expectations of $439.07 million. During the same period last year, the company posted $0.13 EPS. Central Garden & Pet’s revenue for the quarter was up 18.6% on a year-over-year basis. analysts predict that Central Garden & Pet will post 1.66 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its position in Central Garden & Pet by 104.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,273 shares of the company’s stock valued at $166,000 after buying an additional 2,185 shares during the period. OxFORD Asset Management LLP boosted its position in Central Garden & Pet by 32.6% during the 3rd quarter. OxFORD Asset Management LLP now owns 47,589 shares of the company’s stock valued at $1,832,000 after buying an additional 11,695 shares during the period. Moody Aldrich Partners LLC purchased a new stake in Central Garden & Pet during the 3rd quarter valued at $1,488,000. Axiom International Investors LLC DE boosted its position in Central Garden & Pet by 82.3% during the 3rd quarter. Axiom International Investors LLC DE now owns 98,710 shares of the company’s stock valued at $3,834,000 after buying an additional 44,559 shares during the period. Finally, ETRADE Capital Management LLC boosted its position in Central Garden & Pet by 46.4% during the 3rd quarter. ETRADE Capital Management LLC now owns 29,798 shares of the company’s stock valued at $1,157,000 after buying an additional 9,444 shares during the period. 20.05% of the stock is owned by institutional investors and hedge funds.

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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.

The Fly

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

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