Credit Industriel ET Commercial Makes New $1 Million Investment in Central Garden & Pet Company $CENTA

Credit Industriel ET Commercial bought a new position in Central Garden & Pet Company (NASDAQ:CENTA) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 30,845 shares of the company’s stock, valued at approximately $1,000,000.

A number of other large investors have also made changes to their positions in the company. Royal Bank of Canada boosted its stake in Central Garden & Pet by 15.9% in the 1st quarter. Royal Bank of Canada now owns 18,471 shares of the company’s stock worth $605,000 after purchasing an additional 2,532 shares during the period. 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Central Garden & Pet by 2.5% in the first 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 in the last quarter. Millennium Management LLC lifted its holdings in shares of Central Garden & Pet by 179.2% in the first 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 in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Central Garden & Pet by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 263,518 shares of the company’s stock worth $8,625,000 after buying an additional 12,749 shares during the period. Institutional investors and hedge funds own 50.82% of the company’s stock.

Central Garden & Pet Stock Performance

Shares of NASDAQ CENTA opened at $37.95 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 has a market cap of $2.37 billion, a price-to-earnings ratio of 13.80 and a beta of 0.57. The business’s 50-day simple moving average is $35.78 and its 200-day simple moving average is $33.22. Central Garden & Pet Company has a 52 week low of $25.97 and a 52 week high of $39.99.

Central Garden & Pet (NASDAQ:CENTA) last issued its quarterly earnings data 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. Central Garden & Pet had a return on equity of 11.55% and a net margin of 5.42%.The business had revenue of $906.15 million for the quarter, compared to the consensus estimate of $846.58 million. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. As a group, equities research analysts expect that Central Garden & Pet Company will post 2.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price target 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. Canaccord Genuity Group decreased their price target on shares of Central Garden & Pet from $54.00 to $53.00 and set a “buy” rating for the company in a report on Wednesday, June 17th. Zacks Research raised shares of Central Garden & Pet from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. Finally, Wall Street Zen upgraded Central Garden & Pet from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Central Garden & Pet 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.