Central Garden & Pet Company (NASDAQ:CENTA) Receives $40.75 Consensus PT from Analysts

Shares of Central Garden & Pet Company (NASDAQ:CENTA) have been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $40.75.

Several equities research analysts recently commented on CENTA shares. Wall Street Zen lowered shares of Central Garden & Pet from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Canaccord Genuity Group upgraded shares of Central Garden & Pet to a “buy” rating in a research report on Friday, January 16th. CJS Securities raised shares of Central Garden & Pet to a “strong-buy” rating in a research note on Thursday, December 11th. Zacks Research downgraded shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 24th. Finally, Weiss Ratings cut Central Garden & Pet from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th.

Central Garden & Pet Stock Performance

CENTA stock opened at $29.23 on Monday. The firm has a 50-day simple moving average of $29.63 and a two-hundred day simple moving average of $30.87. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 11.46 and a beta of 0.65. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.33 and a current ratio of 3.67. Central Garden & Pet has a one year low of $25.97 and a one year high of $37.35.

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

Institutional Investors Weigh In On Central Garden & Pet

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Federated Hermes Inc. increased its stake in shares of Central Garden & Pet by 164.0% during the third quarter. Federated Hermes Inc. now owns 858 shares of the company’s stock worth $25,000 after buying an additional 533 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Central Garden & Pet in the 3rd quarter valued at approximately $29,000. EverSource Wealth Advisors LLC lifted its stake in shares of Central Garden & Pet by 444.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,001 shares of the company’s stock valued at $31,000 after purchasing an additional 817 shares during the period. Cullen Frost Bankers Inc. grew its holdings in shares of Central Garden & Pet by 152.1% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,215 shares of the company’s stock worth $38,000 after acquiring an additional 733 shares during the period. Finally, EMC Capital Management purchased a new position in shares of Central Garden & Pet in the second quarter valued at $87,000. 50.82% of the stock is owned by hedge funds and other institutional investors.

Central Garden & Pet Company Profile

Central Garden & Pet Co is a leading producer, marketer and distributor of branded consumable gardening products and pet supplies in North America. Headquartered in Walnut Creek, California, the company serves both retail and wholesale customers through a network of distribution centers across the United States and Canada. Operating under the ticker symbol CENTA on the NASDAQ exchange, Central Garden & Pet has been publicly traded since 2003.

The company’s Garden segment offers a broad portfolio of lawn and garden care solutions, including fertilizers, weed and pest control products, soil and mulch, and plant care accessories.