Central Garden & Pet Company (NASDAQ:CENTA) Receives $45.00 Average Price Target from Brokerages

Shares of Central Garden & Pet Company (NASDAQ:CENTA) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $46.6667.

Several research firms have recently weighed in on CENTA. Wall Street Zen upgraded shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Canaccord Genuity Group dropped their price target on shares of Central Garden & Pet from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Wednesday, June 17th. JPMorgan Chase & Co. raised their price objective on shares of Central Garden & Pet from $32.00 to $37.00 and gave the stock an “underweight” rating in a report on Thursday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Central Garden & Pet in a research note on Tuesday, July 7th. Finally, Zacks Research cut shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a report on Tuesday.

Central Garden & Pet Stock Down 1.8%

CENTA stock opened at $38.29 on Monday. 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 company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 13.92 and a beta of 0.57. Central Garden & Pet has a fifty-two week low of $25.97 and a fifty-two week high of $39.99. The stock has a fifty day moving average of $36.46 and a 200-day moving average of $33.71.

Central Garden & Pet (NASDAQ:CENTA) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.29 earnings per share (EPS) 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 return on equity of 11.55% and a net margin of 5.42%.Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. As a group, equities research analysts predict that Central Garden & Pet will post 2.89 earnings per share for the current year.

Institutional Trading of Central Garden & Pet

A number of hedge funds and other institutional investors have recently made changes to their positions in CENTA. Aster Capital Management DIFC Ltd bought a new stake in Central Garden & Pet during the fourth quarter valued at $25,000. Advisory Services Network LLC bought a new position in Central Garden & Pet in the 3rd quarter worth about $29,000. EverSource Wealth Advisors LLC increased its stake in Central Garden & Pet by 444.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,001 shares of the company’s stock worth $31,000 after acquiring an additional 817 shares during the last quarter. IFP Advisors Inc increased its stake in Central Garden & Pet by 198.4% in the 4th quarter. IFP Advisors Inc now owns 1,131 shares of the company’s stock worth $33,000 after acquiring an additional 752 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Central Garden & Pet by 577.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,654 shares of the company’s stock valued at $48,000 after acquiring an additional 1,410 shares in the last quarter. 50.82% of the stock is currently owned by institutional investors.

About Central Garden & Pet

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.