KeyCorp Weighs in on Central Garden & Pet’s Q1 2023 Earnings (NASDAQ:CENTA)

Central Garden & Pet (NASDAQ:CENTAGet Rating) – KeyCorp issued their Q1 2023 EPS estimates for Central Garden & Pet in a research report issued to clients and investors on Monday, November 21st. KeyCorp analyst B. Thomas anticipates that the company will earn ($0.16) per share for the quarter. KeyCorp has a “Overweight” rating and a $48.00 price objective on the stock. The consensus estimate for Central Garden & Pet’s current full-year earnings is $2.63 per share. KeyCorp also issued estimates for Central Garden & Pet’s FY2024 earnings at $2.85 EPS.

Other equities analysts have also issued research reports about the stock. StockNews.com lowered shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 19th. JPMorgan Chase & Co. upped their price target on shares of Central Garden & Pet from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday. CJS Securities assumed coverage on shares of Central Garden & Pet in a research report on Thursday, August 25th. They set an “outperform” rating and a $50.00 price target for the company. Truist Financial dropped their price target on shares of Central Garden & Pet from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, August 8th. Finally, TheStreet lowered shares of Central Garden & Pet from a “b” rating to a “c+” rating in a research report on Monday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.50.

Central Garden & Pet Stock Down 0.6 %

Shares of NASDAQ CENTA opened at $38.01 on Thursday. Central Garden & Pet has a 12-month low of $33.69 and a 12-month high of $48.67. The company has a market capitalization of $2.07 billion, a PE ratio of 13.67 and a beta of 0.64. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.34 and a quick ratio of 1.45. The firm’s 50-day moving average is $37.36 and its two-hundred day moving average is $39.29.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CENTA. Victory Capital Management Inc. boosted its stake in Central Garden & Pet by 3,349.5% during the 1st quarter. Victory Capital Management Inc. now owns 866,660 shares of the company’s stock valued at $35,360,000 after acquiring an additional 841,536 shares during the last quarter. Polaris Capital Management LLC lifted its position in shares of Central Garden & Pet by 1,823.7% in the 2nd quarter. Polaris Capital Management LLC now owns 438,613 shares of the company’s stock worth $40,348,000 after buying an additional 415,813 shares during the last quarter. LSV Asset Management lifted its position in shares of Central Garden & Pet by 29.5% in the 1st quarter. LSV Asset Management now owns 861,221 shares of the company’s stock worth $35,121,000 after buying an additional 196,177 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Central Garden & Pet by 27.9% in the 1st quarter. JPMorgan Chase & Co. now owns 594,668 shares of the company’s stock worth $24,250,000 after buying an additional 129,812 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of Central Garden & Pet by 1.7% in the 3rd quarter. BlackRock Inc. now owns 7,362,931 shares of the company’s stock worth $251,517,000 after buying an additional 120,910 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

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.

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

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