KeyCorp Weighs in on Central Garden & Pet’s Q2 2023 Earnings (NASDAQ:CENTA)

Central Garden & Pet (NASDAQ:CENTAGet Rating) – Research analysts at KeyCorp issued their Q2 2023 earnings estimates for shares of Central Garden & Pet in a research note issued to investors on Monday, November 21st. KeyCorp analyst B. Thomas forecasts that the company will earn $1.25 per share for the quarter. KeyCorp has a “Overweight” rating and a $48.00 price target on the stock. The consensus estimate for Central Garden & Pet’s current full-year earnings is $2.98 per share. KeyCorp also issued estimates for Central Garden & Pet’s Q3 2023 earnings at $1.46 EPS, Q4 2023 earnings at $0.06 EPS and FY2023 earnings at $2.62 EPS.

A number of other brokerages have also issued reports on CENTA. CJS Securities assumed coverage on Central Garden & Pet in a research report on Thursday, August 25th. They set an “outperform” rating and a $50.00 target price on the stock. Truist Financial decreased their target price on Central Garden & Pet from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, August 8th. TheStreet lowered Central Garden & Pet from a “b” rating to a “c+” rating in a report on Monday. StockNews.com lowered Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Wednesday, October 19th. Finally, JPMorgan Chase & Co. raised their price objective on Central Garden & Pet from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Central Garden & Pet presently has a consensus rating of “Moderate Buy” and an average target price of $49.50.

Central Garden & Pet Trading Down 0.6 %

Central Garden & Pet stock opened at $38.01 on Wednesday. Central Garden & Pet has a 12 month low of $33.69 and a 12 month high of $48.67. The firm has a market cap of $2.07 billion, a PE ratio of 13.67 and a beta of 0.64. The company has a current ratio of 3.16, a quick ratio of 1.45 and a debt-to-equity ratio of 0.88. The stock’s 50 day simple moving average is $37.30 and its two-hundred day simple moving average is $39.30.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new position in shares of Central Garden & Pet in the second quarter valued at approximately $27,000. Rockefeller Capital Management L.P. grew its holdings in Central Garden & Pet by 160.1% during the third quarter. Rockefeller Capital Management L.P. now owns 840 shares of the company’s stock worth $28,000 after acquiring an additional 517 shares during the period. Wipfli Financial Advisors LLC acquired a new position in Central Garden & Pet during the third quarter worth $31,000. Point72 Hong Kong Ltd purchased a new stake in Central Garden & Pet during the second quarter worth $42,000. Finally, Money Concepts Capital Corp purchased a new stake in Central Garden & Pet during the third quarter worth $135,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Central Garden & Pet Company Profile

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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.

Further Reading

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

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