Central Garden & Pet (NASDAQ:CENTA) Price Target Raised to $31.00

Central Garden & Pet (NASDAQ:CENTA) had its price objective hoisted by JPMorgan Chase & Co. from $30.00 to $31.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research firms have also commented on CENTA. Zacks Research lowered Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a report on Friday, October 24th. Wall Street Zen cut shares of Central Garden & Pet from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Central Garden & Pet in a report on Thursday, October 30th. KeyCorp reissued an “overweight” rating and set a $50.00 price target on shares of Central Garden & Pet in a report on Tuesday. Finally, Canaccord Genuity Group lifted their price objective on shares of Central Garden & Pet from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $41.50.

Central Garden & Pet Trading Up 0.2%

Shares of Central Garden & Pet stock opened at $30.98 on Tuesday. The stock has a market cap of $1.95 billion, a PE ratio of 12.15 and a beta of 0.63. The firm has a fifty day moving average price of $28.65 and a 200 day moving average price of $31.38. Central Garden & Pet has a 1 year low of $25.97 and a 1 year high of $37.35. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.67 and a quick ratio of 2.28.

Central Garden & Pet (NASDAQ:CENTA) last announced its quarterly earnings results on Monday, November 24th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.11. The company had revenue of $678.00 million for the quarter, compared to the consensus estimate of $657.86 million. Central Garden & Pet had a return on equity of 11.17% and a net margin of 5.20%. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. Equities research analysts predict that Central Garden & Pet will post 2.38 earnings per share for the current year.

Hedge Funds Weigh In On Central Garden & Pet

Large investors have recently added to or reduced their stakes in the stock. NorthRock Partners LLC grew its position in shares of Central Garden & Pet by 0.5% in the second quarter. NorthRock Partners LLC now owns 58,464 shares of the company’s stock valued at $1,829,000 after purchasing an additional 297 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Central Garden & Pet by 3.9% during the second quarter. Teacher Retirement System of Texas now owns 8,088 shares of the company’s stock worth $253,000 after purchasing an additional 304 shares in the last quarter. Orchard Capital Management LLC raised its position in shares of Central Garden & Pet by 3.3% during the 3rd quarter. Orchard Capital Management LLC now owns 11,029 shares of the company’s stock worth $326,000 after purchasing an additional 350 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Central Garden & Pet by 40.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,401 shares of the company’s stock valued at $41,000 after buying an additional 400 shares in the last quarter. Finally, Amalgamated Bank lifted its stake in Central Garden & Pet by 3.4% in the 3rd quarter. Amalgamated Bank now owns 14,668 shares of the company’s stock valued at $433,000 after buying an additional 488 shares in the last quarter. 50.82% of the stock is currently owned by institutional investors and hedge funds.

About Central Garden & Pet

Central Garden & Pet Co engages in the production and distribution of branded and private label products for the lawn, garden, and pet supplies markets. It operates through the Pet and Garden segments. The Pet segment focuses on dog and cat supplies such as dog treats and chews, toys, pet beds and containment, grooming products, waste management and training pads, supplies for aquatics, small animals, reptiles and pet birds including toys, cages and habitats, bedding, food and supplements, products for equine and livestock, animal and household health and insect control products, live fish, and small animals, as well as outdoor cushions.