Brokerages Set Central Garden & Pet (NASDAQ:CENTA) Price Target at $41.00

Central Garden & Pet (NASDAQ:CENTA) has earned an average rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $41.00.

A number of analysts recently weighed in on CENTA shares. StockNews.com upgraded shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Argus lowered Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. dropped their price target on Central Garden & Pet from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th.

Hedge Funds Weigh In On Central Garden & Pet

Hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its position in Central Garden & Pet by 1.2% during the third quarter. Victory Capital Management Inc. now owns 2,942,422 shares of the company’s stock worth $92,392,000 after acquiring an additional 36,251 shares during the last quarter. State Street Corp lifted its stake in shares of Central Garden & Pet by 3.3% during the 3rd quarter. State Street Corp now owns 2,175,277 shares of the company’s stock worth $68,304,000 after purchasing an additional 68,689 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Central Garden & Pet by 1.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,100,751 shares of the company’s stock worth $65,964,000 after purchasing an additional 38,077 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Central Garden & Pet by 7.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 832,512 shares of the company’s stock valued at $27,515,000 after purchasing an additional 59,489 shares during the period. Finally, William Blair Investment Management LLC increased its stake in Central Garden & Pet by 2.2% in the fourth quarter. William Blair Investment Management LLC now owns 805,564 shares of the company’s stock valued at $26,624,000 after purchasing an additional 17,530 shares during the last quarter. Hedge funds and other institutional investors own 50.82% of the company’s stock.

Central Garden & Pet Trading Down 0.0 %

NASDAQ:CENTA opened at $32.85 on Friday. Central Garden & Pet has a 1 year low of $27.70 and a 1 year high of $41.03. The stock has a market cap of $2.15 billion, a P/E ratio of 18.05 and a beta of 0.76. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.19 and a current ratio of 3.47. The stock has a 50-day simple moving average of $32.58 and a 200-day simple moving average of $32.26.

Central Garden & Pet (NASDAQ:CENTA) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.24. Central Garden & Pet had a net margin of 3.77% and a return on equity of 10.08%. As a group, analysts anticipate that Central Garden & Pet will post 2.2 earnings per share for the current fiscal year.

About Central Garden & Pet

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 containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.