Central Garden & Pet (NASDAQ:CENTA) Issues FY 2022 Earnings Guidance

Central Garden & Pet (NASDAQ:CENTAGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided EPS guidance of $3.10- for the period, compared to the consensus EPS estimate of $3.10. The company issued revenue guidance of -.

Several research analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Central Garden & Pet from $47.00 to $49.00 in a report on Thursday, April 14th. Zacks Investment Research downgraded shares of Central Garden & Pet from a buy rating to a hold rating in a report on Tuesday, April 19th. Finally, StockNews.com started coverage on shares of Central Garden & Pet in a research note on Thursday, March 31st. They issued a hold rating for the company.

Central Garden & Pet stock traded up $1.93 during mid-day trading on Monday, hitting $42.26. The company’s stock had a trading volume of 12,215 shares, compared to its average volume of 182,053. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.85 and a quick ratio of 1.34. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 14.72 and a beta of 0.56. The business has a 50 day moving average price of $41.91 and a 200-day moving average price of $44.20. Central Garden & Pet has a 12 month low of $39.30 and a 12 month high of $55.82.

A number of institutional investors have recently bought and sold shares of CENTA. Susquehanna International Group LLP purchased a new position in shares of Central Garden & Pet in the fourth quarter valued at about $207,000. Stifel Financial Corp boosted its stake in Central Garden & Pet by 5.3% during the fourth quarter. Stifel Financial Corp now owns 6,230 shares of the company’s stock worth $298,000 after acquiring an additional 315 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in shares of Central Garden & Pet by 46.1% in the fourth quarter. Glenmede Trust Co. NA now owns 9,591 shares of the company’s stock worth $458,000 after buying an additional 3,027 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Central Garden & Pet in the third quarter worth approximately $833,000. Finally, UBS Group AG lifted its stake in shares of Central Garden & Pet by 616.2% in the third quarter. UBS Group AG now owns 34,032 shares of the company’s stock worth $1,464,000 after buying an additional 29,280 shares in the last quarter. 68.74% of the stock is owned by institutional investors and hedge funds.

About Central Garden & Pet (Get Rating)

Central Garden & Pet Company produces and distributes various products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments, Pet and Garden. The Pet segment provides dog and cat supplies, such as dog treats and chews, toys, pet beds and grooming products, waste management and training pads, and pet containment; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; animal and household health and insect control products; live fish and products for fish, reptiles, and other aquarium-based pets, such as aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food, and supplements; and products for horses and livestock, as well as outdoor cushions and pillows.

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Earnings History and Estimates for Central Garden & Pet (NASDAQ:CENTA)

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