OP Asset Management Ltd Buys New Position in Central Garden & Pet Company $CENTA

OP Asset Management Ltd purchased a new position in Central Garden & Pet Company (NASDAQ:CENTA) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 40,853 shares of the company’s stock, valued at approximately $1,324,000. OP Asset Management Ltd owned 0.07% of Central Garden & Pet as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Royal Bank of Canada grew its stake in shares of Central Garden & Pet by 15.9% in the first quarter. Royal Bank of Canada now owns 18,471 shares of the company’s stock worth $605,000 after acquiring an additional 2,532 shares during the last quarter. AQR Capital Management LLC raised its stake in Central Garden & Pet by 56.8% during the 1st quarter. AQR Capital Management LLC now owns 48,438 shares of the company’s stock valued at $1,585,000 after purchasing an additional 17,556 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Central Garden & Pet by 2.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,421 shares of the company’s stock valued at $996,000 after purchasing an additional 743 shares during the last quarter. Millennium Management LLC boosted its holdings in Central Garden & Pet by 179.2% in the 1st quarter. Millennium Management LLC now owns 180,907 shares of the company’s stock valued at $5,921,000 after purchasing an additional 116,101 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Central Garden & Pet by 5.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 263,518 shares of the company’s stock valued at $8,625,000 after purchasing an additional 12,749 shares during the period. 50.82% of the stock is currently owned by institutional investors and hedge funds.

Central Garden & Pet Price Performance

Shares of Central Garden & Pet stock opened at $38.94 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.16 and a current ratio of 3.45. The firm’s 50-day simple moving average is $35.39 and its 200-day simple moving average is $32.94. Central Garden & Pet Company has a twelve month low of $25.97 and a twelve month high of $39.95. The firm has a market cap of $2.44 billion, a P/E ratio of 14.16 and a beta of 0.59.

Central Garden & Pet (NASDAQ:CENTA) last posted its earnings results on Wednesday, May 6th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.21. The business had revenue of $906.15 million for the quarter, compared to analysts’ expectations of $846.58 million. Central Garden & Pet had a net margin of 5.42% and a return on equity of 11.55%. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. As a group, research analysts expect that Central Garden & Pet Company will post 2.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CENTA. Zacks Research upgraded shares of Central Garden & Pet from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th. JPMorgan Chase & Co. decreased their target price on Central Garden & Pet from $33.00 to $32.00 and set an “underweight” rating on the stock in a research report on Friday, April 17th. Wall Street Zen upgraded Central Garden & Pet from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Canaccord Genuity Group cut their price target on Central Garden & Pet from $54.00 to $53.00 and set a “buy” rating for the company in a report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Central Garden & Pet has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

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.